Death by 100 billion printing paper cuts. Wife an I each retired after 32 years. 3 and 7 years ago. Both at 57. Grabbed our 1.9 mil RIGP (both when interest rates were near zero) between us and ran for the exits. I got the 1 week per year salary... — read more
Xerox is a shell of its former self
I'm a current employee with 30 years at the company, not a competitor. I work with many different segments of the company (sales, support, billing, service) and I'm just giving my opinion based on what I see on a daily basis. There hasn't been... — read more
Reorg effects
You think, guys, we can bounce back with all the upcoming changes? It would be good if that’s the case, at least for those who will get to keep the job.
VRIF Status
Have people who requested the VRIF been told their last day? Are some VRIF people already gone? Any idea how many people took the VRIF offer?
What's next?
This is about much more than headcount reduction. Get ready to be shocked when you see the changes to our product line up, our expanded partner for equipment manufacturing, and organization to support specific Go-to-Market opportunities by geography... — read more
Please don’t tell me layoffs will last for weeks
“The reductions will begin taking effect within the next several weeks.”
Organizational announcement guidelines posted on employee website
It’s coming yall
Calling Xerox an American Company is laughable.
Since almost every moderately skilled job has been off shored the last few years, it's becoming very clear to the Xerox's bread and butter customers. Our competitors are swooping in like buzzards. Amazing amount of mismanagement from upper... — read more
Weds Feb 28th??
Rumor has it. Watch for the unexpected late evening Outlook mtg invite from your boss for the next morning and the cardboard boxes..
CEO CLUB?
Is CEO Club on the table for the axe?
Let’s get it over with already
Sometimes I think leadership is taking some kind of pleasure in dragging on the anticipation of layoffs. Power trip or what?
Next Generation Xerox Iridesse
... from Sharp USA https://www.youtube.com/watch?v=Nts1_NDHQBo Will they aggressively poach current Xerox customers?
Inventory requests
Why are technicians in my engineering department being asked to provide an inventory of any tools that have a value of $100 or more.
Is this the week?
When finally the senior leaders show us what they have been working hard and diligently on all these weeks and months. it has to be. This lack of anything is what’s ki-ling us all now - more so than just knowing and then can get on with it. — read more
One in Six of being let go - then what should I be doing if I am in that 15% planned?
If our chances are 1 in 6 at Xerox of losing our job - if my Doctor said I had a 1 in 6 chance of dyeing in the next month, I would be preparing (making sure everything was in order). Just in case I am getting laid off soon, what should I be... — read more
L&D
Heard L&D was decimated today. Any confirmations? Sounds like it’s starting to happen.
No point in worrying
We are all spending so much energy worrying over what is going to happen. Worrying now will not change the outcome. It is unfair and disrespectful that we have been kept in the dark for so long now, yet knowing that the big layoffs are coming. But... — read more
Tick Tock
Tick tock, tick rock, we wait, tick tock. that is the sound of xerox right now. Everyone now just waiting for the the next wave of announcements and information (and so to see who is going and who is affected). Anyone have any more updates on when... — read more
Xerox to Buy Out Lexmark by End of 1st Quarter 2024???
The company that owns lexmark is in trouble so it makes sense I can tell you that Xerox and Lexmark have announced previous partnerships, where Xerox will provide financing for selected Lexmark Managed Print Services (MPS) engagements. This is part... — read more
WARN act and Eligibility?
I've kinda moved on from the fact that people are getting let go and just started planning for the next phase. Does anyone know if WARN act will cover this layoff?
XBS is being slowly shuttered
all cores will be eliminated, first quarter 15% reduction, second quarter aimed for 10%. operations and support will move into Xerox, and existing branches will move under existing leadership. fully renamed one Xerox by 2026
Global thoughts?
So apart from the GTM selling orgs, every other function will be global. Can Xerox be really global when the mindset from the US is so insular? Can anyone really see a box sales bloke from an XBS core respecting and aligning to a sales operation... — read more
Feb 28 - keep your calendar open for a morning meeting.
The day of reckoning will come on Feb 28. Or, at least that is the latest and greatest rumor from someone very senior in Finance organization. Who passed it down to me at the bottom of the pile. Was told the list is done - now just the details, and... — read more
Your changes are about 1 in 5
If I were in Vegas, or betting on the Super Bowl, and I had about a 1 in 5 chance of wining I would bet BIG $$$$. Since Xerox is my livelihood, and I have a mortgage and three kids in school, I am not feeling so great about a 15% change of losing my... — read more
Xerox Toronto - Closed.
Moved out couple weeks ago. Xerox no longer has an address in Canada’s largest city. It wasn’t much square footage to begin with but at least it was something… this looks really bad.
Six signs you are about to be laid off
Signs you're about to be laid off: Budget reductions, hiring & spending freezes. Employees who left last year are not being replaced. Projects are being put off / delayed. Reorganization, speculation of mergers and acquisitions. Change in... — read more
16th feb is the date
For US employees to be told if they in or they out. Everyone gone by 29th February.
Stock is down again… Could someone please increase the Dividend?
Please turn dial thrice clockwise then push some buttons. https://m.youtube.com/watch?v=MprgRbwYlHU
Pit in my stomach
A 20+ year career mostly in sales and sales leadership. I’ve become accustomed to the annual recalibration , resetting of expectations , starting over at zero and the sometimes hard swallow or pit in my stomach that comes with a new year. This... — read more
I see things have not improved
I left in 2021. It was bad then but judging by what I've been reading here things have only gotten worse. I'm sorry, guys. I worked with some great people and I really did hope the leadership would get its act together for the sake of the rest of... — read more
They don’t have a clue
Announcement from Steve B about -15% and a brand new organisation was right start January. Weeks later nothing happened. They don’t know what they are doing - making it up as they go along. No plan before Steve B said what he did. Not a clue
Cash is becoming an issue at Xerox
Xerox stock has been boosted by dividends and stock buy-backs since Icahn's failed attempt to buy HP back in 2020. The lightning-quick comment at the end of the Q&A session that there would be no buy-backs in 2024 was telling. That's a warning... — read more
Wall Street is negative on Xerox Holdings Corp
No surprises there. https://www.investorsobserver.com/news/stock-update/what-is-wall-streets-target-price-for-xerox-holdings-corp-xrx-stock-monday-3
Hang in there
How are you current Xeroids doing? Get out now or don't. Make sure it works for you. If you can stick around and are "happy", great. If not, stick it out til getting the call and get that severance. It may be weak now compared to prior years, but... — read more
When is the layoff in US expected?
When do you think we have the talked about 15% rank-and-file layoff? I would think they want people gone by end of 1st Qtr. I work with someone who was told they are getting laid off IRIF and they had / have until Jan 31 as their last day (they are a... — read more
There are two types of Xerox employees
Those who are looking for a new job and can't wait to get out of here. Those who are close to retirement and are just riding it out until they can get out of here. If there is a group that likes working here and is not looking for a way... — read more
New Sales Leadership?
Any thoughts on the new sales leadership? Jacques for channel (global), then in direct sales coverage - Darren in Europe for 3 counties, and reed and Randy and Ezekiel in the US? …… The five musketeers? …. Don’t know them all so interested in views. — read more