Rumor has it. Watch for the unexpected late evening Outlook mtg invite from your boss for the next morning and the cardboard boxes..

Is CEO Club on the table for the axe?

Sometimes I think leadership is taking some kind of pleasure in dragging on the anticipation of layoffs. Power trip or what?

... from Sharp USA https://www.youtube.com/watch?v=Nts1_NDHQBo Will they aggressively poach current Xerox customers?

Why are technicians in my engineering department being asked to provide an inventory of any tools that have a value of $100 or more.

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 

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 

Heard L&D was decimated today. Any confirmations? Sounds like it’s starting to happen.

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 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 

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 

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?

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

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 

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 

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 

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.

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 

For US employees to be told if they in or they out. Everyone gone by 29th February.

Please turn dial thrice clockwise then push some buttons. https://m.youtube.com/watch?v=MprgRbwYlHU

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 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 

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

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 

No surprises there. https://www.investorsobserver.com/news/stock-update/what-is-wall-streets-target-price-for-xerox-holdings-corp-xrx-stock-monday-3

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 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 

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 

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 

Absolutely horrid. Deck was as thin as the substance, which given the size of the miss is really indicative: evident to all that xrx is more lipstick than pig. Only interesting part was the small print disclaimers; Non GAAP Financial Measures. If xrx... — read more 

JB and SB are doing it. New look of Xerox seems to be very well received by the Street. Optimistic about the future. Low performers should be worried (obviously). High performers, giddy up. Change was needed, change is happening, finally.

Would be interesting to really know if TK left on her own, or was told to hit the road? Her package is not listed on SEC Edgar site, I suspect she is still on payroll and it will be listed when she is officially gone, other than a good-bye note she... — read more 

Buckle up folks - the recent announcements have put the proverbial train on the tracks. 15% in Q1 is just the beginning - expect another 15% by June. Some have said this is all overseas - not the case. X leadership is in daily talks with Fuji to sell... — read more 

Thank you for once again providing me with your weekly entertainment. Every Friday after a few beers I leisurely ready through the entertaining posts and comments from the prior week. This week’s were particularly funny. I chuckled more then... — read more 

Oh baby. This is goon-nah be epic! Get your, NBG (Nonsensical Business Gibberish) drinking game on. https://www.businesswire.com/news/home/20240118295014/en/Xerox-Holdings-Corporation-Plans-Webcast-to-Discuss-2023-Fourth-Quarter-and-Full-Year-Results — read more 

Lil Stevies announcement has frozen this place. MOTHING happening around here: no activity. No orders. No installations. No projects going on. Its like everything is frozen in place. What a shitshow in Webster and across NA. INdications that its... — read more 

Looks to me like the company is being very generous with severance. Take a look at the payout/severance for JCS. XRX will pay JCS over $1.7m just for leaving the company. Wow. ... — read more