Stock price closing in on Kodak. Awesome job Xerox!
HP Executives Seen Talking to Xerox Executives At Devos
The annual gathering at Davos, Switzerland, has always been a stage where the world’s most influential figures—be they political, social, or business leaders—come together to shape the future of the global economy. The World Economic Forum (WEF)... — read more
Kinecta Bank (Xerox Federal Credit Union)
I know this is off topic, but many Xerox people are members of Kinecta since it migrated from the old Xerox Federal Credit Union. Today was the last straw and (as painful as it is to switch banks these days) I'm closing this account!. ... — read more
Office decorator
It’s funny how some of us in sales are drilled if we don’t sell anything. Although in a specific core we have a rep that from what I hear she’s the interior decorator. Why do we have double standards? What makes her better than us? She hasn't sold... — read more
The Real Problem
Let’s get real people, one of the main problems with Xerox cores are the old school way of thinking. These individuals are been with the company for 20plus years and offer no new ideas and are against change. Also preference in the office is another... — read more
Tariffs and Xerox Canada
What do tariffs mean for Xerox Canada? Increased prices? Reduced revenue? Layoffs…
30% of customers move to Inside Sales
Am I hearing this correctly - 30%+ of all current clients are moving to the Canadian based Inside Sales team and won’t be covered locally any longer ? This most certainly has to mean a big cut in sales is coming (and sales leadership to manage the... — read more
401k match
It is in my account. Thank you Xerox.
SteveB : “I invested in horses, these motor cars will never catch on”
With all the two year hype of Project Reinvention and Xerox trajectory changing to ‘new revenue streams’, they are completely lost. Revenue decline, costs remain high, dividend halved.
Most Likely Scenario → 2,500 to 3,500 more layoffs in 2025
Xerox is a company in freefall—revenue is collapsing (-9.7% YoY), equity has been obliterated (-57.6%), debt is rising, and profitability is nonexistent (-$1.3B net loss). The 2024 Reinvention Program already axed 3,000 jobs, yet costs remain... — read more
2024 FY rev down 9.7% = a lot more layoffs
Layoffs are in the cards
Severance info
Severance is 12 weeks for Managers, 8 weeks for Associates and some "critical" roles will get 16 weeks max. Sales people get 2 weeks. ALL only carry you for medical for 2 weeks though you can do COBRA and you will get whatever little PTO you... — read more
Pretty sure I will never get laid off
I have been with the company almost 20 years and am pretty sure I will never be laid off. My boss constantly changes our teams job descriptions and projects to ensure they appear very important and indispensable. He is good at making our results... — read more
what day this month will the 401K .50 cent match hit the accounts ?
Does anyone know the date the money will hit the 401K?
RIGP Lump Sum?
Does anyone know any information if Xerox will fund the RIGP to at least the 60% level in 2025 so those still in can get at least the 50% lump sum option?
Is Xerox the next Ikon?
Remember Ikon? “IKON uses copiers, printers and multifunction printer technologies from leading manufacturers and document management software and systems from companies like Captaris, Kofax, and EFI” (from Wikipedia). Once the world's largest... — read more
Bitterness 101 people
Yes, bitterness exists. But only because of the way employees have been treated and lied to. Consistently so. You cannot expect people to keep getting bad news and ridiculous policies to stay working there. Even the most dedicated people finally... — read more
Lay Offs + Severances
Is there another wave of lay offs / firing on the horizon? - with everything constantly changing and employee roles being transitioned out the country what can be next for the people who are losing their duties? - are they going to stick us somewhere... — read more
Wake up and smell the BS
The lack of intelligence, and worse, complete lack of common sense in the top and middle echelons of Xerox is mind boggling. There are two sides to every story, but in what side is no vision, accelerated decline, nose diving share prices, terrible... — read more
XRX Stock Price
Closed below $8.50 today (Dec 31st) Could be because of: Poor management Adding more debt by purchasing Lexmark Continuing to think print is the future Abysmal customer service
What are you still waiting for?
I left last year. Found another job and never looked back. Try something new! You’ll be relieved that you don’t depend on Xerox anymore. It may be hard at first, and it may take some time and many fails before you find a good job, but it’s definitely... — read more
Hmmmm
Is this comparable to when two very old widowers decide be roommates and live out their remaining days?
You naysayers are full of cr-p
If you’re still working for the company why would you still talk like this. Maybe you should leave
Xerox to acquire Lexmark
This should go really smoothly? https://www.businesswire.com/news/home/20241223991224/en/Xerox-to-Acquire-Lexmark
What’s Next ? IT layoffs , Inside sales and more reductions of legacy business
4 major themes keep resurfacing. What’s your take ? The recent acquisition of ITsavvy - what’s impact on current Xerox It resources ? I keep hearing the Canadian inside sales teams are hiring , and hiring aggressively ? Are they going to cut... — read more
Paradise
Plenty jobs in China an Japan built new plants hired 10 times prople
Lesson learned
I’ve been gone from Xerox for months, but I'm still feeling resentful. I put in all the extra hours, worked weekends, and pushed myself to the limit, only for my position to get outsourced. It's been a wake-up call. I'm never going down that road... — read more
Holidays are here
Does anyone else get frustrated when you know that you are doing the work of 5-6 people and you are no longer allowed to even put so much as a decoration up in your office during office hours? Or you’re not allowed to say Merry Christmas because it’s... — read more
How are you doing with your job search?
With the exception of some very specialized skills, having a Xerox on a resume has proven more of a burden than the advantage. At least that’s been my experience. Admittedly I have stayed with Xerox for too long - my bad. But still. What’s your... — read more
Employee data has been dumped online - breach
https://www.theregister.com/2024/12/03/760k_xerox_nokia_bofa_morgan/ Hundreds of thousands of employees from major corporations including Xerox, Nokia, Koch, Bank of America, Morgan Stanley and others appear to be the latest victims in a massive... — read more
Was it a one horse race ?
There seems to be something missing from the Aston Martin halo at the Qatar race……… Where has the Xerox logo gone, it has been replaced by Valvoline Did Xerox not grease enough palms - if you pardon the pun 😜
ITShabby
So how will this takeover impact Xerox across the US and EMEA? IT the saviour of Xerox?
Need some layoffs to pay for Vegas F1 trips
Lots of Xerox execs in Vegas for the F1 race. Doubt if they stayed at Motel 6, likely stayed at Four Seasons. Now to determine how many employees need to be let go to fund the travel expenses. New partner Aston Martin comes in 11th and 15th place. — read more