Thread regarding Xerox Corp. layoffs

Xerox Q3 earnings: Time-traveling execs and the smoke & mirrors show!

SB is here with the latest “pattern recognition” insights, where he and the leadership team see “things we can’t see.” Apparently, they’re time-travelers of the corporate world, spotting a bright, shiny Xerox future... just a few years down the road.

Here’s the rundown:

  • Pattern recognition: SB assures us that while Q3 fell short (again), we just need to “trust the process.” After all, they’ve got pattern recognition! They see the future, even if we mortals can’t. Apparently, reading quarterly results isn’t enough; we’re supposed to believe in “things unseen.”
  • Non-linear, multi-year journey: translation? “Give us a few more years to get this right.” SB’s calling Reinvention “non-linear,” which sounds like Wall Street’s version of “keep dreaming, folks!” Non-linear is corporate speak for: we’re hoping things will work out... eventually.
  • Blaming the elements: equipment sales? Blame the hurricane! Product delays? Global markets are just so competitive. It’s like Xerox is the corporate Goldilocks: conditions are never quite right. If it’s not the weather, it’s “external factors,” because surely it couldn’t be internal challenges, right?

Future-proof promises: SB’s putting everything big on 2025, folks. 2024? That’s just the warm-up! All those promised improvements and productivity gains are, of course, in the future, far enough away that we can’t really hold them to it... yet.

"We" vs. “I”: SB loves a good “we” statement, which spreads the responsibility like peanut butter on toast. It’s “we’re on the right track” and “we see improvement.” Guess that’s code for “don’t just look at me if things go South!”

So here we are, hanging onto the visionary guidance of Xerox’s time-traveling execs who can apparently spot a fabulous future, even if the rest of us are squinting to see it.

Until then, it’s all about faith... and hoping this “non-linear” journey doesn’t turn into an endless loop.

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| 761 views | | 5 replies (last November 1, 2024) | Reply
Post ID: @OP+1vf4JicJ

5 replies (most recent on top)

As a Xerox retired engineer, I have seen a very good company go down the drain.
Here in Webster 95% of the buildings are all either empty or leased.

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Post ID: @2ynj+1vf4JicJ

Xerox Pattern Recognition : Economic headwinds, exchange rate issues .. elements it’s been the same garbage for the last 25 years .. if still there get out if you can .. your 2025 means this Pattern Recognition : more workload, less support, lower commissions and benefit cuts, more stress and higher levels of in competence… good luck to all !

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Post ID: @fsa+1vf4JicJ

For almost 30 years now singing the same old song …”Things will get better, just give us 3-5 years .”

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Post ID: @bkf+1vf4JicJ

I have pattern recognition too. This keeps repeating within XRX. Cr-ppy CEO, take a bunch of money, hire girlfriends or buddies, promote incompetence, downsize the people that actually work, never answer a question, cash retention bonus, leave.

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Post ID: @boc+1vf4JicJ

Seems Stevie B has borrowed from Ursula Burns playbook , “Things will get better 3-5 years out. We are on the right track .”

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Post ID: @jlq+1vf4JicJ

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