Topics regarding layoffs at Xerox Corp.

Topics regarding layoffs at Xerox Corp.

Xerox Recovers

It looks as though all of Xerox's troubles today have been resolved. There is no need to worry, in the coming weeks you can all expect a communication regarding this. You will all get your jobs back, they will move the offshore jobs back onshore. ... — read more 

September noise for XBS

Going to be some changes in XBS next month. Directors, TSM and hardware techs moving over to Xerox. Oh but it's not for everyone, going to be some techs layed off as the max techs per territory will mix with existing Xerox techs. Core sales reps... — read more 

Watch Out! Icahn's On The Move Again!

Xerox Holdings Corp XRX 2.51% saw 10% owner Carl Icahn add to his stake. He indirectly picked up more than 1.81 million shares altogether for $16.07 to $16.60 each. That totaled almost $29.58 million. Also, a director bought 15,000 shares last... — read more 

Townhall comments

What happened at the town hall? I assume that no one admitted that offshoring went too far, that buybacks were ill-advised, or that Wall Street was intentionally misinformed about business strategy.

Fitch Ratings revises Xerox outlook to negative

“ Xerox's core business has been in decline for several years, and recent product refreshes were not successful at turning around mid-single-digit declines in its post-sale business, which represents more than three quarters of revenue. Fitch expects... — read more 

Moody’s negative on Xerox. Likely to default.

New York, August 03, 2020 – Moody's Investors Service ("Moody's") assigned a Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and an SGL-1 speculative grade liquidity rating to Xerox Holdings Corporation (Xerox... — read more 

Old school legal team again hurts Xerox

They p-ss-d off the wrong group. Things would be different if Xerox now has an actual functioning security team, but no. Xerox took the “we call your bluff” route. Now our information (as in employees) is “out there”... — read more 

IRIFS

When is the hammer going to fall and the Layoffs start?

It’s not John Vs fault but he sure didn’t help.

Remember. It is not John V’s fault that a pandemic struck, locking people in their homes and keeping them away from the office & thus not printing. That being said, he CLEARLY set up Xerox in a position to fail by not diversifying its portfolio in... — read more 

Analysts need to follow up

In what world does “we have double digit growth in our pipeline” pass muster without follow up by the investment community? It’s almost like everyone is afraid to ask John V questions. Maybe intentional use of an ambiguous term.

XRX releases 2nd Quarter Results

Revenue drop worse than J.P. Morgan’s prediction. “$1.47 billion of revenue, a decrease of 35.3 percent year-over-year or 34.6 percent in constant currency” Folks there it is. This a wrap. ... — read more 

XBS laid off.

I've been on furlough since May from XBS. Are we going t o be laid off? Does any one out there know WTF is going on? Please post any info.

Xerox Earnings Zoom Call Listening Party

After following the slow demise of Xerox over the years It seems only right to memorialize tomorrow mornings earning call. Anyone interested in a virtual Zoom party to listen in and provide satirical comments? Sure the call is at 7am EST but I’m... — read more 

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| 1660 views | | 8 replies (last July 29, 2020)
Post ID: @OP+169OElGG

Xerox shortcomings

I decided to start a list of things making Xerox fail. It is essentially run by Icahn. The company officers just take orders. Not really independent. Employees not respected. Business model unsustainable, now accelerated by... — read more 

KPP bonus payout----HCL

For those of you asking prior, if you got in your offer letter last year the addendum about the KPP bonus, it was paid out in yesterdays payroll, I was pleasantly surprised!! Say what you want about them but damn they came through with stay bonuses... — read more 

32% drop in revenue YOY (estimated)

If J.P. Morgan analysts are right about a 32% drop in June YOY revenue (earnings call is next week)...well this very very bad news for X & everyone who works there. These numbers are even worse when you consider revenues can potentially fall in half... — read more 

XRX down 6% with a SELL recommendation today

This article may have influenced the stock's performance today: https://www.marketwatch.com/articles/xerox-stock-is-down-50-this-year-why-j-p-morgan-says-you-should-sell-51595604367?mod=mw_latestnews

SNOW

What’s the real deal with this? Just another step in laying off XBS parts and supplies employees ??

Q2 earnings - how bad was it?

Ahead of next Tuesday’s earnings call, how is Xerox revenue & profit shaping up? The performance directly impacts layoffs - so everyone should be very aware and interested in the business results.

Cary, NC?

Is it open and are they hiring?

Cores Merging

Has anyone heard anything about additional cores merging?

Hurry up with next wave

Why the hold up? Announce the departments being offshore this quarter so those of us wanting to continue in this dump can sleep better.

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| 2260 views | | 6 replies (last July 22, 2020)
Post ID: @OP+162g8ro9

The Xeroxtitanic has Sunk

I’m sorry folks. It’s done. Carl Icahn bought the company hoping for an HP/Xerox or viceverca merger. Didn’t happen. Then Covid hit.This is now a dead company walking. All talent is walking away or fired. Customers are leaving in droves. Revenue is... — read more 

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| 3090 views | | 9 replies (last July 19, 2020)
Post ID: @OP+15Z5rnFj

Reduced hours?

Has anyone the US who is still with Xerox Direct or XBS (not HCL or a third party) and exempt had their hours and pay reduced? Heard a rumor it might be coming and wanted to see if its already happening.

Anyone know what happened to COTGs president?

I was on a call the other day with some executives and gleaned that COTGs president is gone. I think his name was Dan? Anyone know what happened? Or who is the president now?

401K fees

I noticed that fees were taken out in April and again in July. Why is this happening, I don't recall seeing any mention of this.

XBS raises

So what’s the deal with raises? Seem to remember an email mentioning a possible in July. Hmmm? Haven’t had a raise on 3 years. And the last two have been pure he**. We’re just supposed to work ourselves to death with nothing in return. ... — read more 

ESI, Lewan and RK Dixon

How are the cores doing? I hear that a lot of people are leaving but when I check the career pages they’re barely hiring. Does the hiring freeze prevent replacing lost employees? When will the hiring freeze be over? How are things going at those... — read more 

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