I was canned. Ham I am.
IEP Stock Price
IEP closed below $24 today (Wed) with a one month high price of over $51 (50% + decline in one month).
Talented employees are somewhere else
The hardest thing to admit to oneself is that being stuck here is the result of not having enough talent and skills to get a better job. What is the reputation of Xerox employees on the job market? - It's not a good one. Complaining is fine, but... — read more
Carl Getting Icahned
https://www.fa-mag.com/news/carl-icahn-is--15-billion-poorer-after-hunter-becomes-the-hunted-73294.html
Simple question
Here is a simple question I would like management and HR to answer: if research shows that the reward and recognition people want are things like pizza parties, lunches and Starbucks cards for all their hard work how come sales, B and A bands... — read more
Lexmark + xerox = ?
If Lexmark is a security vulnerability and xerox is relabeling Lexmark gear…. How is this not a concern? The report also stated that Lexmark has “connections to Chinese military, nuclear, and cyberespionage... — read more
Ricoh Toshiba Merger
"... and the king will be left standing alone, like a guy on a street corner." No solid OEM partner for xerox. Beginning of the end is accelerating. https://www.industryanalysts.com/051823_ricoh_toshiba/
Stock Price
Lot of hot air about having a good Q1. Meanwhile Xerox stock price is down 2% this year, while the S&P is up 7%. Just for fun, HP is up 11%. Xerox is a dog with fleas.
Icahn Enterprises Ponzi Scheme - The House of Cards will come CRASHING DOWN
This is just the beginning - The US attorney's office is preparing for a full scale probe into their business practices. Hindenburg is “accusing the asset management company of inflating the valuations by as much as 70%" , and they’re using the term... — read more
Last day to sign the MAA
If Employee does not wish to accept and be bound by the terms of this Agreement, Employee must terminate their employment before the Effective Date of this Agreement, May 15, 2023.
Age discrimination lawsuit?
When I worked here, there was a program that paid employees to retire as long as they were 60 years old. When I left, I tried to get that same benefit and was told by HR that it was not allowed any longer. I'm wondering if any other former employees... — read more
Xerox Printer Tech Opportunity
https://www.cdwjobs.com/jobs/12258149-sr-print-tech-norfolk-va
"Those that live by the sword die by the sword" – the saga continues…
Hindenburg Research has dropped another bo-b: "Icahn’s Latest Disclosures Raise Critical New Questions About Margin Loans, Continued Portfolio Losses". Icahn's company's stock price is down 40% in the last month - and keeps falling. This... — read more
I feel sorry for some of you
The work-life balance at Xerox is absolutely atrocious, and what's worse, most of these poor suckers actually choose to work longer hours just to ensure they look good to the higher-ups. In a company that is on the verge of dying and that only hands... — read more
Are there rules of engagement for CDW to sell to current XBS/Xerox Direct customers?
… Or has Xerox completely gone into full desperation mode, not caring about its own internal Sales Teams? It’s the same Tech’s servicing these CDW sold devices that service Xerox/XBS sold devices … how is this fair? XBS Sales seems to be treated... — read more
FREE SHIPPING (& Handling?) !
You fools! That’s the sweetest plumb! Xerox not charging for S&H is truly a sign of the end! https://www.shop.xerox.ca/en/supplies-accessories?utm_source=xcom&utm_medium=homepage&utm_campaign=freeshippingsupplies
No transferable skills
I would leave this place if only I could get something better. Problem is that I don't have transferable skills to get a better opportunity somewhere else. Unfortunately, my skills have atrophied while working here to a point where I'm no longer... — read more
"Those that live by the sword die by the sword"
"Carl Icahn’s Empire Propped Up By ‘Ponzi-Like’ Scheme, Short-Seller Hindenburg Claims" Activist investor Carl Icahn's wealth plunged by $10 billion on Tuesday after Hindenburg Research targeted Icahn Enterprises with a scathing report. The news is... — read more
Operation Dry-heave: “At Xerox, sustainability is our way of (not) doing business.”
Excellent Marketing SPIN xerox! “ Our aim is to achieve carbon neutrality no later than 2040” Totally plausible as there is no way Xerox will be around that long… but 2040 sounds better than 2025? “ Between our first baseline year of 2002 and 2016... — read more
Life after Xerox
I left a year ago after 12 years and more than 30 years in the industry. There are many opportunities waiting for the many skilled and professional people I worked with. Just have the courage to make the leap! Life after Xerox is brighter than I... — read more
Sales representatives
It’s funny how “certain “ sales rep that never goes out to sell but she manages to sell sitting in her “corner office”. Wow! How amazing. While the rest of the reps at this Miami lakes location spend all day hustling trying to get deals done. We all... — read more
You Too Can be an Activist Investor!
You’re My Hero Carl! https://www.cnbc.com/2023/04/28/carl-icahn-slams-illumina-q1-results-and-cost-cutting-plan.htm Excellent template resource! “______ CEO ______ seems to believe that he can fool all of the people all of the time,” “Those not... — read more
How come this was opened to all employees?
https://www.pionline.com/courts/xerox-corp-shell-out-41-million-settle-erisa-lawsuit Perhaps a reason why there is a Mandatory Arbitration Agreement now?
Xerox import data
https://www.importyeti.com/company/xerox
Do NOT sign MAA
DO NOT SIGN the MAA document, this is very unlikely legally enforceable, and a scare tactic if you are already employed. If you have 401K money managed by Xerox (via Voya), pension due, or the possibility of any legal (or medical) claim this is a... — read more
Prioritize what needs changing
I no longer harbor any illusions that things will get better here. Nevertheless, I can't help but sometimes wonder about what could be done to at least slow down the decline of the company, that is, what would be the priorities to change?
Q1 figures
Financial Summary Q1 2023 Revenue of $1.72 billion, up 2.8 percent year-over-year or up 5.5 percent in constant currency. GAAP earnings per share (EPS) of $0.43, up $0.81 year-over-year. Adjusted EPS of $0.49, up $0.61... — read more
Age Discrimination Lawsuits?
Anyone know of any class action lawsuits against X with regards to Age Discrimination (specifically referring to the HCL action a few years ago)?
LP resigning rubs me the wrong way.
A legal expert leaves just as the mutual arbitration agreement drops. 2018: "Pastor will oversee all of Xerox’s legal affairs, including legal aspects of the company’s various strategic initiatives, and lead the company’s corporate security and... — read more
PARC is gone
Donated to SRI International, a research company. Email from CEO just now.
Stocks
So how is your Xerox stocks?
IT Services
Any rumours around IT Servicing restructuring globally?