Thread regarding Xerox Corp. layoffs

This is only the beginning of the HCL story

The HCL contract is estimated to save Xerox $120 million per year.

There were approximately 525 XBS employees who moved, 275 between direct and Canada that moved, and another 200 worldwide bringing the total to roughly 1,000 in this first round.

Moving 1,000 people to HCL isn't going to generate anything close to $120 million per year in savings.

This is only the beginning of the HCL story.

Bumped from @YaQUQ05-1pcy for good info.

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| 1571 views | | 1 reply (March 21, 2019) | Reply
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And the total contract was just announced at less than 200 million per year.

So the only way to save 120 million per year on a 200 million per year outsource is to fire everyone.

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