Think of all the reorgs, re-alignments, “new” focus statements from Sr Mgt. Ann, Ursula and especially JV and Stevie, told employees, customers and the stock market all kinds of things that were going to be growth engines: business process services, printers run on melted crayons, object printing, 3d printing. Remember when JV and SB said it was going to be docushare???
Were they all telling lies or were they just stupid?
Clearly the end is getting near; can/will these guys keep it up?
There is just not much to cut any more. And few opportunities to point at.
38 replies (most recent on top)
X is a big fat bs factory Depart asap.
At the current level if you know the right person you're in nuff said aka jb
How were these senior managers vetted?
CEO and staff a clown show ..
Greed + stupidity = Steeeeeeevie
AI will save us but you can't get a demo said the 3d printing team said the Trevor team said the wax based textronix team said the digital pacaging team said the Parc team said the xrcc team said the Xerox research center said stevies hair.
Lack of people at Xerox is why things are falling apart. How do you terminate 15% of your workforce and expect things to get better?
Yeah I wouldn't trust Stevie near my 20 year old daughter - dude gives me the creeps!
I asked stevue what cmyk was he said it doesn't matter. I'm sorry but if you don't know what the fu-k cmyk is how can you evn be in this industry????? This place is done fo putting in my paperwork by the end of the month. Since I do the jobs of the three people on my team that left already God know how these orders will ever get booked as revenue!
Arrogance, stupidity, lack of integrity. That about sums it up for the “senior leadership”
Fuji definitely wise to Stevie boy did he f up when he f bombed the sht of of their ceo just cost him 2b....
It was lies about the 3d printing and Docushare for sure. No real tech person would have found either of those to be credible offerings in their respective segments. What's amazing was watching the wall street “analysts” eat it up. Now carl is gone (with some of his money back) and the remaining shell is rapidly shrinking. There really is nothing left but the rapidly declining hardware business. The other two businesses are just more lies.
Were all getting out . . . one way or another.
Consolidation via their boards approving incremental fundings for special ops to migrate accounts to them. This includes flying literally every account up for renewal to Drupa.
So I think the jig is up they are funding account migration versus a takeover of the bloated stock. Makes sense as every body knows what creeps are in the suite.........
Right, like the competitors are doing much better. Lol. They all have issues And big ones too. Take your Xerox hate blinders off. I can tell most of you aren’t in the field and have little interactions outside of this cesspool. I have friends in almost every single competitive company in our industry and I get the real scoop. It’s ugly everywhere and that’s the truth. Dog eat dog industry and always will be. Consolidation will and must happen.
Nothing good going on inside the X
$15-16/share? - That's optimistic.
Our competition is feasting on us ....they see X and they get excited. They know there's pain, billing issues, lack of account coverage. I'd liken it to the days when/prior to X acquired GIS when all the independents were targeting X base and it was a feeding frenzy. It's exactly this reason X acquired GIS and why it's clear X is moving more and more towards the independent dealer / reseller channels. What we know of X doesn't exist anymore - we are selling off bits and pieces at a time (or positioning to do so) with a large sale in the near future (cough.....Fuji). Leadership will continue to trim the direct operations, push business to independents and sell the smoke & mirrors of what a technology powerhouse X is, until which time F swoops in and buys us for $15-16/share. If you're waiting around, it's time to go figure out what's next.
UB was ‘given’ the job for only two reasons
Go Woke, Go Broke
I noticed Dex and Novatech had a great year
They must be pulling every lever they got right now 3rd time in a week x went from large cap to small cap. FYI if not large cap 2b+ you lose more large institutional investors and then the turmoil really begins. Looks like the jig is up folks...
Ms M was a great sales woman. She believed she could turn things around but it was too late.
Ms B was just an overall id--t given the job for no reason and ran it into the ground
Mr J was completely out of his league
It was all lies.
The company was doomed by a few things long ago
- Sr leaders in 80s too arrogant to think printers may not be needed someday
- cronyism and nepotism abounded. People shielding their best buds and family when the dead weight should have been cut
- you all talk LSS did you ever think it started with everyone going to UR eMBA. If you didn’t have it you didn’t get very far and all we had were leaders who thought the same way about everything.
Doom doom doom.
Yes , Xerox doublespeak to the max
All show , no substance..
Ive never understood how wall street fell for all the JV and Stevie lies about Docushare, 3d printing etc.
but it wasnt unique to them. Ursula blew smoke up their a** about what a good fit Deasons services business was.
Hopefully the FMT and his Java get the riffing.
"Lean Six Sigma - Agile process applied to hardware development..."
This is 100% correct: Trivection Oven.
What if you are an emotional 60 year old woman?
Typical Xerox Doublespeak
Lean Six Sigma
Agile process applied to hardware development, absolutely unsuitable for
Java for the DocuSP UI
This is where the stupid started. What a mess.
All they know is how to enrich themselves. Dont know dont care about tech about running a business nothing but lining their pockets. they are rich with zero actual achievements, so good for them I guess?
Non-transferable skill sets 😲
BT is licking her chops as JCS replacement. If her local XBS Core won't follow her, why would she think she has a shot higher..
Carl (and D’son) never understood what they had, Never understood what Xerox was or how dependent Xerox was on Fuji and others. When they finally understood it was too late for a viable plan B. Lay the changes in tech and covid on top of that and there was no other outcome. Cut and shrink, cut and shrink. Cut and shrink.
When the Icahn dbags came in selling old af docushare as the road to riches, there was the sign. C'mon, their arrogance and thug nature were evident. Eyes open folks
SB, JB, LP, they have spent their careers moving from company to company as private equity guys, totally agree that the layoffs are a smoke screen to sell the company in pieces.
I worked with steeevieee before he actually likes the chaos and despair he won't miss a beat tea with John at his new build house on Sunday Tino coming too if you don't think there was a plan all along you are fricken stupid.... He said his only regret was not working with the bankers much earlier in his career to wreak havoc....
There isn't a single public traded company that is looking out for you. The last email even said it: Investors.
They want to line their investors pockets, along with their own. They meaning the top tier. Some top brass got out last year, loaded with cash.
Now I would like to think that this has been their plan all along, slowly staging it along the way, but they may be stupid enough to just keep changing the plan monthly. But if the former is true:
HP fell through, lex fell through, so they had their plan c still coming along.
Lay off a bit, sell some assets, lie to people to get the stock up, shoot so many buzzwords up your rear end you can't understand what they're saying.
Most all operations have been outsourced.
Now it's coming down hard, the final stages. Icahn is out. They say it out loud this time that the 15 percent this quarter are getting laid off. That's just this quarter, imagine the next 3.
They are gearing up for the final minutes in the selloff. Sell of what is left, sell parts, let it be absorbed, etc.
Their plan to give a lot of business to local dealers seems to be key. Unloading it to the little guy while the investors can slowly jump off the moving train.
The plan was to sell to Lexx in 22 fell apart in 23 due to Chinaaaa wiggggers slave labor at Le x banned by USA then carry pulled out next step chop up sell in 24 on to the nxt.
No. Clearly these guys can’t keep it up.