“During the six months ended June 30, 2019, we recorded net restructuring and asset impairment charges of $72, which included $25 of severance costs related to headcount reductions of approximately 300 employees worldwide, ...” Interesting that... — read more
Everybody is tired of this
People are checked out and apathetic. And I don’t blame them. Leadership continues to ignore and point fingers as if the rebadged employees are the problem. Xerox is the problem, not your once dedicated and loyal employees! I am amazed at how quickly... — read more
My tank is just about empty
I was (notice how I use was and not am) a very loyal long time employee of my core, I thought I would retire from here, once I was badged over that loyalty started to diminish and is now totally gone, I honestly believe the powers that be at Xerox... — read more
Is this even legal?
The management team awarded themselves a ton of shares when the market tanked and the stock price dropped to $19. Now that the market has rebounded, they all made millions just because of the stock market fluctuations, nothing to do with real... — read more
Ichan and Deason's deal with Jeff and former board to step down just got nixed.
https://www.law.com/newyorklawjournal/2019/09/13/judge-nixed-settlement-7-5m-attorney-fees-in-challenge-to-xerox-fujifilm-tie-up/ "In a 15-page ruling, Justice Barry R. Ostrager said that Deason and Icahn did not adequately represent the class and... — read more
Herve Tessler Sells 32,200 Shares of Xerox Corp on 9/10/19
I wonder why??
Desperate and dangerous
I worked for Xerox for 26+ years in the US and UK, now I work for a proper company, who are a multibillion dollar distributor and services company - IT with some print. Our CEO sends out a weekly update, how long since Xerox did that? Never is the... — read more
The Good Old Days
If you study the history of Xerox, you will find a list of pocket stuffing CEOs, where many barely avoided jail time, a history of nepotism, especially in engineering, widespread abuse of women, sea saw layoffs and rehiring of valuable employees... — read more
Parts, Supplies, Customer Service, Shop Repair
What’s going to happen to parts, warehouse, shop repair, supplies, and customer service. Haven’t heard anything in these positions.
Small PARC layoff today
No further details.
Sadly lost sight of customers
Bashing Xerox is easy and I have done so, however watching some older Ramseys kitchen nightmares USA it reminds me of quite obvious principles, such as pleasing the customer pleases the bottom line, that has been lost in Xerox today. Clearly Xerox... — read more
Xerox Bonus to All Employees
At Xerox bonus is two words.
Webster Campus For Sale
Entire Webster campus to be sold and then leased. Let's think back to the now empty Xerox Square tower in downtown Rochester. Watch out for that iceberg!
HCL F**k Ups
I know of so many things at my core that happened that are just sad and ways employees should not be treated. Between PTO being messed up, going for weeks sometimes months without questions answered regarding benefits and policies, employees who have... — read more
XRX Xerox Holding Corp up 4.86%
Anyone know why ?
Xerox Webster Supply Chain
If any of you are impacted by additional layoffs, Amazon Webster is looking for logistics management.
Fuji merger
The position and state the company is in right now can no way he better than what would of happened if Xerox merged with Fuji. Opinions or insight to give me better understanding? I just can't grasp how hard of a nose dive this route is going.
60 day notices going out soon!!!
Word on the street is that many badged over HCL employees who are in wave zero and wave 1 of the cores will get 60 day notices late September as the clueless ones at Xerox overseeing the transitions (because once again HCL passing the buck so xerox... — read more
How much do you have on the left drawer?
I love when JV tells BO (this happened more than once in my presence) that they should have something 'in the left drawer' to cover operating shortfalls in the business. In other words, hide the EPS shortfalls to Wall Street with accounting... — read more
Xerox outsourcing to HCL
Xerox is truly screwed when HCL replaces rebadged Xerox employees with HCL people. I hope HCL will do a better job for Xerox than they have for Boeing. Kind of scary that Boeing (HCL) cannot provide the technical details of the software... — read more
Where do the people that think Xerox will survive draw their hope?
The industry is down as it is, the market is far from perfect, and on top of all that Xerox has a hard time reacting to those circumstances. What makes you think this is anything other then a slow death?
Gil Hatch center publicly demonized by JV
Read that in another thread. Can someone please share what was said about it?
Watch out for retention carrots
As many functions will be transitioned to younger and less paid workers in Raleigh/Cary, be ready for the “here is some money to stay” ruse. That will indicate you are soon to be let go, after training your younger and/or less paid replacement. Best... — read more
Why stay?
For the past several months, our numbers at our core has decreased to a point where we are barely able to get by. Some people, like myself, have taken over related functions from other cores we have merged with. So one person may be doing the job of... — read more
How soon can we expect mass layoffs?
I hate to say it, I think it could get ugly in the last month or two of the year.
I understand that the industry is down, but how are the competitors surviving?
I know none of the companies in this business are in a good place right now, but none of them sank as low as xerox either. Is it about time to stop blaming the slow market for our lack of ability to innovate and adapt to the trends?
Long-term career at Xerox
Is there anybody left who still believes that's a possibility? From what I can see, most people are here short-term, both new hires and older employees. Seems to me like more and more people are starting to accept the fact that Xerox is a sinking... — read more
The destruction of Global Imaging and lots of dealers
How did we get to this point Mikey F no vision of what a dealer is about No idea on existing profit margins The thought pattern that more xerox distribution would grow revenues John V not a very nice person short term plan to sell company... — read more
INTERVENTION
After 7 years in one of GIS's best cores in the MW, I left the company a few months back when I saw how horribly they were treating hard working employees. Lies by HCL, lies by Xerox, lies by our core's so-called 'leadership team' made me... — read more
CEO Club?
Heard there was a new email about the CEO club sent out today. What did it say?
What amount of layoffs could we see until the end of the year?
For some reason I feel that the last three months of 2019 are going to be the worst. Thoughts?
What cores are in most danger of layoffs happening?
Is there any logic to where layoffs might strike next? What parts of the company have to fear more, although I know none of us can say that they’re safe?
There is no place for us in the future
We are an outdated company with outdated products and outdated way of thinking that focuses on layoffs to improve the bottom line instead of innovating and trying to figure out how to evolve with the times. How anybody can think that Xerox has a... — read more
Look for a new job or wait it out until my pension?
Does anyone have the same dilemma? I’m a long time employee who always thought that I would reach my pension at Xerox. I have a little less than five years until I retire. If the state of the company was any better I would wait it out,but how things... — read more