Steve B announced a 15% reduction in force this morning. Reduction will happen this quarter.
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Rumor is stevvviie hiding on the private jet no one knows what to do sales plumett no one installing....
there will not be 2 or 3 more Reinventions. this is it. if X isn't sold to someone who might actually want to produce something it is 100% over. current clowns have no clue what to do and have cut everything there are no more steps after this but the end credits
Maybe by the next 2-3 Reinvention ploys, they'll get a clue.
Then again, maybe not
Oh Yeahhhh…. We will look out for your interests, why sure…
Famous last words… It’s Fine!!
You guys were warned time and time again to leave this dumpster fire. Now you are complaining its Hot. Gimme a break… seriously?
This time you are gonna need more than a firesuit made of Nomex.
Grow a spine and a pair and move on with your life. Talk about a bunch of non reactive and passive individuals who say they care, but they obviously don’t. Then do nothing.
It’s way easier to stick your head in the sand and pretend, than to open your eyes and look out for yourself.
Xerox is another Kmart, Sears, or Montgomery Wards. False promises till the very end.
Bad decisions have consequences…Think …it’s not that difficult…
Stroke! Stroke! Work harder and do the tasked assigned to you by hour laid off peers we promise we won't ever do an irif again said no one in Norwalk ever actually I think they like it over there very weird people...
Q2 Layoffs 100% likely why the fu-k do you stay!!!!!
JCS retired. Check her age. Shes rich. No mystery.
You can’t keep the lights on not selling or growing the business … no one can get new business… can’t live off the back log and the few current customers you have left.
Layoffs, what a novel idea here.
Clown Mgmt
I'm amazed at how much horsecrap the media and investors bought into.
15% of current headcount is about 3,000 employees in one quarter and stock down over 12% today. 4Q23 number must be absolutely horrible!
Didn't Xerox offer IT services when they offered Conduent and decided to sell and exit that business because they weren't making any money? That was a $1B++ division? And none of us have any clue what Bandy means when he has as a strategy "aligning with the hybrid workforce."
SB is Reinventing the (Xerox management) wheel....layoffs. He really needed hordes of consultants to come up with that? I'm sure after not working for the previous 4 CEOs this time layoffs are going to turn things around. All his bragging and posturing he really has no clue what to do. Sad.
Actually it’s the former 111 but still X emps that should be under a microscope. Remote workers that mysteriously escaped moving to Cary, soon to be a former center of excellence. Timely that we have a ransomware outbreak on the heels of the reduction announcement calling for “productivity”.
As anyone who has worked in 111 knows, there is not (nor has there ever been) the concept of “site manager”. Some of these comments are coming from the same types of trolls that have made social media the dumpster fire that it is.
Which vendor signing up for IT outsourcing?
If you aren't at Xerox any longer, why are you wasting time here? Do something with your life. If you're a reporter of some type looking for news, this isn't it.
For those of us no longer at Xerox, any indications which organizations will be impacted?
When you think about the number of departments and functions that are already outsourced, that 15 percent of Xerox staff will not be a small cut.
Anyone think it's weird that after the carnage closed for the day the stock price exactly matches what Carl sold for?
Sales will eventually be depleted. Shift to IT sales, offered interviews at dealers, or let go. They're going to business unit approach which is sign more dealers and take the risk off mother ship. Diversify means sell more services - IT or "software" that we currently su-k at. Stabilize means stop the sinking ship on production and large enterprise.
Wow only x could go from a fortune 500 stock to a small cap stock in one trading day. Next stop penny stock.
"the washed-up and has-been staff here in 111"
Are you referring to yourself?
Only the customer will suffer
You know Q4 was worse than bad when they actually announce the number of cuts.
Regions / Departments affected?
https://www.cnbc.com/amp/2024/01/03/xerox-layoffs-company-to-cut-15percent-of-workforce.html
What happened with JCS? Why did dhe leave?
The Elites with boneheaded thinking and the corporate raider goons destroyed this company. Took decades until the jackals entered the gates
Last one out please turn off the lights.
Cyber attacks, 15 percent headcount reductions, and yet the washed up and has been staff here in 111 still think they are safe. This building is so thick with political shenanigans it would make congress blush - kick backs, pay offs, etc. Vs. Actually updating your skills & the site manager is the worst of them....
How do you grow a business without staff?