I called it months ago that we would never hear the results of the employee survey results. Similar to the survey results prior to this one, they claimed the 3rd party who facilitated lost them. Did I miss the results? If so what were they?
Does anyone here know how to read financial statements?
What part of the quarter can be described as "great"?
Great Quarter. Guess Whose Plate Stayed Empty.
Q2 was apparently a great quarter for the company. Great enough to raise the yearly outlook. Leadership made sure to credit us for it. Remember when the raise was contingent on a good Q2? Yeah. Turns out the goalposts have wheels. Other regions got... — read more
To the person that posted Louie’s salary in the all company chat
It made it 3 hours before it got deleted lol I got a screen shot. Savage and hilarious 😂
What will the new credit rating be?
So it was CCC+ before this 2nd (and 3rd, really) Selective Default they reported on the 8-K. Does XRX for the SD and back to CCC+ in a few days like last time, or does S&P fing them down to CCC or CCC-?
Leave, leave, leave
Three months out and I'm a different person. I should have made this move years ago.
Culture?
lol. What culture?
Good Q2 - No raise for you...
Spin doctor Louie just handed you nothing again while blaming tariffs, prices of fuel, inflation, and some other world event outside anyone's accountability. Yeah, we know the everything is up, except for our own income year after year.
Too much credit
You are giving to much credit to those guys, believing they have a strategy. Lexmark was not profitable at all and Xerox was drowning in debts. They added costs to have short term cash and, considering the declining market, there is no way they can... — read more
The real problem
We keep cutting the wrong people. Until leadership goes, nothing fixes.
For those who don't know who our CEO really is
I'm seeing a lot of people (some know a lot, others don't have a fckng clue) analyzing the financial engineering the company has been carrying out in recent months. Well, none of that is a coincidence, considering who is at the helm. Without a shred... — read more
How many employees left yesterday?
End of month yesterday. How many people left and IRIFed? Anyone left to manage the shop? Anyone with experience and savvy left?
I NEED CASH BABY! Xerox Sells $105 Million in Tariff Refunds For $80 Million in Cash to Pay Off Debt, Stock Rises to $3.45.
I NEED CASH BABY! Xerox Sells $105 Million in Tariff Refunds For $80 Million in Cash to Pay Off Debt, Stock Rises to $3.45. (Google this)
Still calling the acquisition "growth"
Next quarter should be interesting when that nonsense rolls away.
Getting ready to climb to $8
only a couple of days to wait for Louie to give the great Q2 numbers and the stock takes off
Look for a Going Concern warning this earnings or next
It's gonna happen sooner or later. The closer to CH 11 they do it, the worse it looks.
Riddle Me This
I understand senior management milking this whole game of grabbing cash till it is gone. I also understand older employees staying until social security is close. Perks of vacation time and free travel to events must be great for them. But, how is... — read more
It's exhausting to feel like we're just a line item to be eliminated
Whenever they talk about reducing costs, we're the cost they want to cut. Do they seriously think the company can survive without the people who actually do the work? Not the ones who attend meetings about meetings, but the people who keep things... — read more
Xerox = Deep Junk
I’m hearing that S&P Global Ratings assigned Xerox Holdings Corp. an issuer credit rating of 'CCC+' with a negative outlook. Aka: “deep-junk rating.”
Q2 was a turnaround
I’m hearing Q2 will be the turnaround quarter, word is the numbers coming through look fantastic, maybe that $8 target for the Warrants is in sight
STARTEEPO Increases Xerox Position to 8.8 Million Shares, Becomes Second-Largest Common Shareholder
I saw this yesterday and wanted to know, what does this guy know that we all do not? Apparently he is not afraid of the debt number.
This isn't healthy
If you have left the company and you're in here moaning, then you haven't stepped away at all. Xerox has to change. Decades of poor leadership, management and poor execution, coupled with quite incredible world events- remember COVID, have led it... — read more
Is any backfilling happening?
We desperately need more people, we're dying over here, but we're being told nobody is being hired currently. Is this true? I haven't heard anything about a hiring freeze happening.
Form 13 d/a filing - wtf is this?
Community friends - any idea what this filing indicates? https://www.stocktitan.net/sec-filings/XRX/schedule-13d-a-xerox-holdings-corp-amended-major-shareholder-report-bf53a3f1aefe.html From a quick google search seems this indicates an investor... — read more
Xerox Wins Maryland DocuShare Contract to Keep State Document Systems Running
GOOD NEWS: Xerox Wins Maryland DocuShare Contract to Keep State Document Systems Running ( Google this!)
LP's Golden Parachute Expires on 12/31/26
https://investors.xerox.com/static-files/101bb5f2-18b8-4db1-897e-52c1c92a3bc7 So, LP has a golden parachute, that pays out for 24 months, or in one lump sum, at 2x his annual salary. This expires on 12/31/26 if there has not been a "Change in... — read more
Xerox Retention Plan: facts, not fan fiction
A lot of people are reading Xerox’s retention plan as if it were a secret bankruptcy announcement. It is not. What it actually says is simple: "Xerox is under pressure". No surprise there. "Xerox is going through transformation, restructuring... — read more
What Type???
Now that it looks like from managements maneuvering that bankruptcy is certain to happen very soon, what are the odds it could go directly to Ch 7 instead of Ch 11. There was an analyst stating it could line up that way because of the abnormal amount... — read more
Please, don't give them what they want
I think the endless surgical layoffs and toxic environment are designed to make people quit. Don't fall for it. Make them pay you to leave if that's what they want.
July layoff odds
What do you think the chances are of more cuts happening this month?
The snail continues
We integrating to become more efficient and reduce cost. Don’t matter if you like the decision but tomorrow Xerox supposed to move to Lex CRM platform (a date already slipped) and the date moved again. Jeez. Sales Strategy and Sales Operations (a... — read more
Healthcare services shake up
A reliable source mentioned that there will be a radical shift or shake up in healthcare and managed accounts. Getting rid of lots of dead weight employees and removal of on site techs and managers, as to reallocate them for other purposes... — read more
What is going on with commissions?
It's been since April 1 since I've received a commission check, my boss said we would have plans at the end of April so we could get commissions, then May, then mid-June, and he now admitted he has no idea when plans will be out so that we can get... — read more
IT AS A SERVICE
Anyone know how it’s getting on. Heard it’s not going too well. Taken us back to the 90’s
Another week done
How is everyone doing? Another week done and it feels like we are hamsters on wheels. Same s*** different day. We get a message from Our Chief Revenue Officer about finishing the Q strong - with 2 days to go that’s kinda late. Where he been hanging... — read more
Xerox Share Price
I wonder how long more before the market realizes that the current share price is unsustainable and start to drop to $1+ level? The addition of Lexmark will pull Xerox pre-consolidation price of $2 further down for the debt that is being accumulated. — read more