Thread regarding Xerox Corp. layoffs

Carl Icahn. I worked for a strong, local “core” for years. When Icahn got involved, I watched the company that had been in business since the early 80s crumble in a matter of two years.

Xerox has wronged so many passionate hard working people and I am praying without ceasing that this company burns to the ground soon

It is what it is with the Corp leadership we've had. I would exempt David Kearns as the only CEO we've had that was a common sense, hard working guy vs. the rest. I blame myself for not leaving years ago.

The tailspin that Mulcahy pulled Xerox out of was given to Burns, she went all give to the Shareholders. Then Jacobson came in but the damage was already done. Then John V came in...well...that pretty much set up a c-ap the bed session. All that effort, all that money saved (by selling the support model to an offshore) went to waste. Now the support is destined to be subpar. Called to get the machine supported. I got Guatemala! 2 hours and no fix. I was done. I complained and then I got someone from Canada call me back. He fixed my problem in a fraction of that time.

Lord I hope they at least keep the Canadians...I can understand them and they know what they are doing.

Right now it is clearly John Visentin AND Carl Icahn. It seems clear they are trying to sell off the company or parcel it out. So many jobs have been outsourced though some have had to be brought back because the new vendor couldn't handle the complexity of the account(s). Last year the IRIFs left skeletal crews with basically no transition which only really p*ssed off our customers. We already gutted our poor technicians. But Ursula Burns, in buying the former ACS (now Conduent) never made us "one" company. Carl Icahn separated the company and put everything of value in the "old" Xerox into Conduent. They took much of what was successful that they didn't come to the table with after they nearly bankrupted us from their screw ups in bad health exchange sites. You were better off if you ended up on that side but not much better. Honestly I don't know how any of them sleep at night. One would have to be completely Godless to believe the destruction of what was once a really great company is okay to do to line their own pockets. The company is teetering. My advice to Mr. Visentin is to actually try to build something successful. Show your 5 kids what it means to take pride in hard work instead of feeding your greed. These 3 people have ruined thousands of lives. Probably tens of thousands. The only way to make America great again - and Xerox - is to regulate unrelenting greed.

xbq, execs are enriching themselves and taking the lazy route. You are missing the point, Vasoline $25 million. Come on!!!! Why are you such a Corp S#U#C#K A--?

There are hundreds of things I would do differently to run this business differently and put it on a sustainable path for future. Hundreds.

What would you do if you used to sell a lot of widgets in the past but less people are buying those widgets now?

I blame crooked corporate raiders and business people who don’t take care of or pay their people and contactors doing the work!!!. I blame Trump, Icahn, Vasoline...they are on the way to another corporate bankruptcy or dissolution. S-c-u-m!!! I also blame people buying stock in Xerox. A-H-O-L-E-S. Stop screwing American jobs.

Ursula Burns for sure. And the board that let her sink the company into the ground for almost a decade. Some folks here say Anne as well, but keep in mind when she was brought in, the board expected her to run Xerox thru bankruptcy. And instead she kept the company afloat. They say the Xerox accounting scandal was bigger than Enron.

Ursula for sure: loved Anne but hard to forgive her for that massive mistake.

I think that Icahn is a parasite, yet he doesn't do this to companies that are well run and have solid business models. GIS could have removed their heads from their backsides years ago and consolidated some of the cores to eliminate redundancies yet my guess is that Icahn still would have muddled his face into Xerox and the result would be the same.

I just think it would be awesome if all of this blood letting is done and no one buys the pieces of this POS - yet something tells me l'il Carl has all this already figured out. He's a horrible human being and I hope he contracts d--g resistant STDs, yet he is not stupid.

How about every CEO this company has ever had including the “politicaly correct” Ursula appointment. They made millions off of their terrible leadership and decision making. Name one that capitalized off of the hard work and innovation the employees of this company created. This company has been run for the benefit of senior leadership not the people or shareholders.

Well maybe this is turning into a referendum in the USA in the political situation? Will these type of actions encourage you to be vocal in the 2029 elections? Just curious...

I do not blame the original owners because they busted their butts to make it, I do blame Global first, they sold us out to a company that not only s---ed at managing themselves but did so without protecting the hard-working employees who made them the success they became. Global should have made sure we would have been protected with a decent and fair severance package should something like what is happening now happens. Obviously they did not. So because the money wh--es at Xerox and their slick team of lawyers see fit that we all get screwed and they sock away their millions, we are left with nothing. I blame also the government for allowing OUR jobs to go oversees, corporate greed at it's ultimate worst, I hope all the immoral asses at Xerox say hi to the devil when they meet in one day in hell!

I blame Ursula. She’s the one that masterminded the ACS purchase that brought Deason in as a major shareholder. The lawsuits for botched implementations started just after the ink was dry. She proclaimed that the ACS business was our future and proceeded to use the tech side as a cash cow to support the services side. She drained our tech product pipeline and invested our profits in the services side. Unfortunately the services side kept failing to succeed and became a huge money pit for the tech side. That’s what put Xerox in a position where someone like Icahn (with the help of Deason) was able to execute a hostile takeover.

Since then, pretty much all of the upper management has been replaced with Icahn’s people. Now Icahn’s just doing what he does - tearing down the company and destroying people’s lives for his own profit. For that, I blame him.

Easy answer. Ann/Ursula (it was both) attempted to expand Xerox to BPO (outsourcing). They selected a firm (ACS) that had a history of being quick to bid without underlying capability (e.g., fake it until you make it). Unfortunate but there was no “secret sauce” in the BPO model. Ultimately, making 1/4 penny for Xerox as largest Medicare and Transport toll taker in the USA. It cost $6B and didn’t work without a “secret sauce”. During this period, RDE and cash was moved to support the new BPO future.

Icahn saw an opportunity to leverage and bought in (Deason from ACS) then broke the two in half. And continue to push for share value of $40.

As Xerox was #1,2,3 in all their markets, profitable and supporting Xerox co, Fuji Xerox co and >40% of FujiFilm. This means the products, people, profits are solid and held up three public companies.

What’s changed? Jacobson tried a “creative deal” to combine a family of companies. Carl wanted stock at $40.

Carl still wants stock at $40. Johnny and crew thought there was massive waste and massive innovation wasted —- “easy fruit” to pick”. There were neither. Xerox has reduced every year for year after year after year (GIS just feels it today).

Johnny has to get $40.

Faster the better per Carl.

He only has so many levers left to pull.

I blame our core for selling to GISX. We were (more than) fine before we sold. Then, I blame Icahn.

This is a stupid question! Who gives a sh*t! I care about myself, my friends and my coworkers! It’s happening . it’s real..., and so many good workers are affected. Even those people not currently rebadged. All admin will be so.... we are all going to be screwed. This is just the beginning. The beginning of THE END! Why waste time blaming when it’s hard enough to face reality? I wasn’t rebadged but I have to work with long time friends that were. I feel terrible but at the same time I’m facing that next quarter end OR THE FOLLOWING QUARTER END! What’s my future? Where will I be? Who cares who I blame? Irrelevant! What’s relevant is where will we all be in the near future?

Such bullsh$t!

I blame our original owners for selling to Global Imaging Systems.

I blame GIS for selling to Xerox.

I blame Xerox executives for being lazy, money grubbing, overpaid A$$HOLES.

I Blame ICahn for being a corporate raiding pig.

Ursula Burns or Anne Mulcahy for putting Ursula in charge. Loved Anne; but this was a BIG mistake.