Thread regarding Xerox Corp. layoffs

Upper managment

Fireside chats,whole lot of words without saying anything. Has not been any direction or communication for a long time. Only communication we get is negative news about pension, 401k match,vacation accumulation changes ect. Not sure how they sleep at night. They obviously have no conscience or morals!

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| 1342 views | | 7 replies (last July 23, 2024) | Reply
Post ID: @OP+1tAOYFSS

7 replies (most recent on top)

"Not sure how they sleep at night." - simple they're pay benefits and golden parachutes are guaranteed. If you had that security, you too would sleep like a baby.

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Post ID: @4qib+1tAOYFSS

Is 401k Match still being offered?

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Post ID: @4ddl+1tAOYFSS

Nothing in support of the employee

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Post ID: @3fhf+1tAOYFSS

Vacation now accrues daily at a rate of 1/365th of your annual vacation allotment. The old method was 1/4 of the annual vacation allotment accrues at the start of each quarter.

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Post ID: @2ngv+1tAOYFSS

Pension change was the 100% lump sum option was eliminated. Most you can get now is 50%.

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Post ID: @1zre+1tAOYFSS

"Only communication we get is negative news about pension, 401k match,vacation accumulation changes ect"

I was released on Feb 29. I was just curious - what were the changes with pension, 401k match, and vacation accumulation?

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Post ID: @1kse+1tAOYFSS

Yes...no conscious, no morals...no brains. Worst management suite I have ever witnessed. None of the have a clue as to what they should do. One thing they can do is keep the U.S. knowledge base intact. Too much is walking out the door never to return.

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Post ID: @fvg+1tAOYFSS

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