I sense not just bankruptcy, but also liquidation in our future.
Luckily, I spent time wisely while furloughed
The only saving grace of being furloughed (at least for me) is that I took the time to network and polish up my resume. I spent the last few months looking for other employment because I knew that the odds of me going from being furloughed to being... — read more
Loyalty bonus
In New York State, many companies are now offering a year end bonus where they formerly never had. What do you think is the reason? I think there must be a NY tax incentive or other reason for this-not that Xerox wants to reward loyalty.
IRRIF
It finally happened, Everybody that was on furlough got let go to day. Maybe Xerox is going to use that extra money for our year end bonus
You are just a number
If this pandemic has showcased anything, it is you are literally a number here. You, your well-being, your family, none of it matters in a corporate environment, especially one as toxic as xerox. You are essential only as much as trying to keep... — read more
December RIFs?
Any news on December RIFs? It wouldn't be the first time Xerox decided to cut a bunch of employees just ahead Christmas.
Rule of 55
has anyone who has been layed off before they were 59.5, able to tap their 401k using the rule of 55 and 10 years service to not get hit with the 10 percent penalty. I am wondering how much I can pull out per year till I reach 59.5. Benefits center... — read more
Xerox Layoffs 2021
This is a generic discussion thread to capture comments about potential Xerox Layoffs 2021? Any news or rumors?
omg
i just got back from furlough and omg a spider monkey could run this place better
Workers at Cary NC facility
Does anyone have a count of individuals working at Cary NC or committed to be there after COVID-19? They are hardly hiding the fact that Cary was a mechanism to get older IT workers in Rochester off the payroll. Any insight would be interesting... — read more
Guatemala, Philippines Outsourcing logic
Wonder how the Business Resumption Plan working for the US jobs offshored to Guatemala and the Philippines? India has its own issues with Covid-19. The only thing helping the situation is that Xerox has a much lighter customer base now.
Thank you John Visentin and Carl Icahn for saving Xerox!
No one could have predicted a pandemic like Covid-19. However through keen business management you reduced waste and lowered operating costs. This was done because Xerox was mismanaged by insiders too close to the operations. Your tough decisions to... — read more
Xerox ability to predict
Seems like history continues to repeat itself. The Company may have new leadership but those leaders are looking into the same murky ball. Where as Apple closing its stores seemed to be a predictor of spikes of Covid cases, Xerox must have a few... — read more
Medical Coverage Cost At XRX
When I left Xerox within the last two years I was paying about $400 a month for two ppl with a $6k deductible. Has medical insurance increased for this year and what is the high deductible threshold ($6k / $8k / $10k)? The benefits at Xerox are... — read more
Xerox Everyday Toner
Xerox announced it's everyday toner program to ship non Xerox toner to customer. Well this just answered any questions from XBS cores about how Xerox will.support non Xerox supplies. Good luck customer care teams that are still left.
He’s at it again
https://money.usnews.com/investing/news/articles/2020-11-05/carl-icahn-boosts-xerox-stake-to-over-14
An investment to avoid
Recalling this May 2020 article- more timely than ever: https://seekingalpha.com/amp/article/4348930-how-to-avoid-investing-in-next-xerox
What is happening at Lewan
Technology powerhouse?
Xerox Net Margin down to 5%!
“Net margin is calculated as Net Income divided by its Revenue. Xerox Holdings's Net Income for the three months ended in Sep. 2020 was $90 Mil. Xerox Holdings's Revenue for the three months ended in Sep. 2020 was $1,767 Mil. Therefore, Xerox... — read more
Xerox Employees VS HCL
Are any of you that were transferred to HCL seeing a difference in your workload or treatment compared to your Xerox counterpart? Example - You're doing 80% while your Xerox counterpart does 20%. Have any of you heard of going back full time - 40... — read more
We Need a Theme Song For This Final Chapter as Xerox Goes Bankrupt
I'm going to propose Closing Time from Semisonic Closing time, open all the doors And let you out into the world Closing time, turn all of the lights on Over every boy and every girl So, gather up your jackets, move it to the exits I hope... — read more
XRX Earnings Are Out
XRX beats Wall Street EPS & Revenue estimates, but hardware sales (ESR) we’re down 15% and PSR (post sale) we’re down 20%. That 20% PSR reduction will have future financial implications for years combined with a BB rating and outlook remains... — read more
Blatant manipulative tactic
With the Oct 29 earnings call approaching, with results likely “not good”, is it suspicious that an annualized ~15% dividend pmt is floated one week prior? Seems like this is just asking for investors to buy. Aside from tax implications of selling a... — read more
If rebadged... check everything
I was rebadged to HCL in April of 2019 and laid off in April 2020... when they offered benefits... I declined because I didn’t need them at all. Well, they still automatically enrolled me and my primary carrier pulled all payments. I was able to... — read more
Warehouses
Which xbs cores still have active warehouses? Who has been laid off so far? What expected to happen to warehouse employees?
Need advice on what steps I should take now that I gave notic.
So I have given my manage 6 weeks notice and would like to know what exit plans I should make with HR and my benefits. I have over 24 years with Xerox and 58 years old.
XBS Southwest
Total joke. Delusional leadership Gender/Age discrimination Nepotism Employees treated like trash Customers treated like criminals
Q3 revenue results
Any guesses or Q3 revenue result predictions?
Quarantine Pay Changed This Week?
Xerox direct mid-Atlantic....Am looking for confirmation on Xerox’s new Covid policy on being off 14 days (10 business days paid) for Covid quarantining. Apparently because some people were trying to get extra days off because they had the... — read more