The layoffs are occurring around the country at Xerox' Global Imaging sites, so the impact is wider than just in Rochester. And now they are not paying vendors within terms, any vendor without contracted terms are being paid in 60-90 days. While at the same time Xerox is pressuring their sales teams to help collect money from their customers. Don't be fooled by John V, anyone below his reverse Robin Hood group of merry men are at risk. It's all about getting the share price up for the eventual sale.
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This isn't anything new...
Xerox has been playing the "NET90" game for almost a decade...