The culture here has shifted so much. There's this constant political game now, with people deflecting blame just to stay safe. They brought in outside hires who brought their own drama with them. Some folks have been here forever but are in roles... — read more
Remaining 50% lump sum US Pension option
Mar 1st is when the funding of the US pension will be announced. What are the chances in underfunding, forcing everyone to take the annuity vs the 50% lump sum? Did they really back date the last notice when the took the 100% lump sum down to 50%... — read more
End of the Day with (YouTube Guy)
Dude is such a goober. His loyalty/praise can be bought with a steak dinner and a thermos with your logo on it. Should you fly him out to a print show or investor event, he’ll even provide strategic guidance (see his comments RE: Kyocera & XRX). RS... — read more
$450M loan? Pay the divvy!
https://www.stocktitan.net/news/XRX/xerox-holdings-corporation-declares-dividend-on-common-and-preferred-fpsj70d1phfg.html
IP JV - A great way to protect IP and prepare for Chapter 11
The more I think about the JV and the future I'm starting to see this as a excellent legal way to protect the IP in filing Chapter 11. We don't fully own it we are licensing it; claims of debt holders may not be able to make claims against it. A... — read more
Time for action
For all your rumour and conjecture, it remains there is a singular point to be focused on - despite the tactical acquisition of Lexmark, revenues continue to decline, profits are hit, cash flow is a challenge. The IP ‘JV’ is simply a payday loan... — read more
Well someone got their money
So did we pay ichan out first so he got a great price so we could then effectively dismantle 2 business down to bits they could sell off.
EC achieve anything?
So the EC schlep to Lexington this week, spending first class money we don’t have, having another day off work and away from clients. But did they actually achieve anything that could not have been done remotely (or even at all)? I no the answer is... — read more
6 to 8 months
Sounds like the board and SB are expecting some sort of financial difficulties from now to 6 to 8 months from now. Just what I got from those announcements/buttering us up.
Sales Re-Organisation - it’s just shuffling around the deck chairs
( Revenue decline + Profit decline ) x ( ineffective SLT/EC + ineffective sales ) = THE END
New loan and amortization
Just incase anyone was wondering. Payments on this new $405M loan work out to roughly $49,931 PER DAY 365 days per year until march 30th of 2031... and on April 1st 2031 Theres a balloon payment due of just a hair shy of $323,000,000. OR $69,827... — read more
Branding
We need to change the Xerox logo to Lexmark Green so that it doesn't think people of all the bleeding of money and people that is happening. Green is a much more positive color.
Is Carl Really Gone?
Think about this for a moment. Carl was brought on “board” and so followed our CEO who Carl brought with him. Eventually they bought our Carl who was known for selling off pieces of companies until nothing was left. I think our CEO is still aligned... — read more
Sales Operations is non existent
We saw yesterday the announcements about our new sales orgs. We need our sales people to now move FAST but there is no support. Sales operations is now managed by RB (reporting to loss-making-CB) who wouldn’t know a customer or account manager if he... — read more
Did we just get partially bought out?
https://investors.xerox.com/node/31106/html We now have to pay to use our own intellectual property (names and products): "Under that agreement, Xerox and selected subsidiaries retain worldwide, royalty-bearing rights to use the contributed IP... — read more
Covenant = Default (Bankruptcy)
The recent news about the joint venture of TPG, states that IPCo (A bankruptcy mechanism organization) now owns Xerox IPO. In the new agreement there is a revenue covenant clause, that states certain thresholds for maintaining branded revenue... — read more
Adding more debt!
They just borrowed another 475m at an 7.5% interest and a 2% royalty on top! They call it a joint venture. ROFL
Xerox needs $1.1B a year to keep the lights on
If you do the math, look at the earnings of recent quarters, then you realise it really is only a matter of time……..
This photo should make you angry
https://www.thecannatareport.com/xerox-global-print-go-to-market-q2-2026/ Very bottom of the page. Looks like some elitist party of millionaires out of touch with their own workers.
The current Tech Powerhouse (xrx) stock
Ka-CHUNKKK... Ffflluuuuuuuuuuuu-shhhhhhhh... Glub-glub-swirrrrrrl-GULP... Hssssssssssssss... (drip)... click
Xerox shares
what happens to the shares that we buy as part of a salary sacrifice scheme now. ? the shares are not trading now I dont think so how do we understand the value of these? Can we still sell them and should we stop buying them?
Ask not what your company can do for you — ask what you can do for your company?
Ask not what your company can do for you — ask what you can do for your company?
Talk is cheap
They always want us to be all in, committed, loyal. But when it's convenient for them, we're just numbers on a spreadsheet. Don't preach teamwork and family to me when you treat people like this.
Can we catch a break?
Is it too much to ask for a few weeks without layoff rumors? As soon as one round ends, the next one starts getting whispered about. I'm so tired of never being able to let my guard down.
EC goes to Lexington
There are more than 1000 people RIF’d, but EC is going to Lexington for a town hall and employee appreciation event! Coffee and donuts for all! Let’s celebrate the dysfunction!
Dearly Beloved, we are gathered here today…….
… to say goodbye to a once great American icon, a Verb, a company once known as the pinnacle of innovation and success. We recognise the lies, deceit, outright greed of the CEO and his SLT, their incompetence has no bounds, no reason, no ethics, no... — read more
So where are all the Valentine's gifts?
I. E. Layoffs Haven't heard a thing.
Layoffs. What is the right number?
Kodak: Market cap 727 million. 3,700 employees. Xerox: Market cap 247 million. 16,000 employees. Is there a “right” layoff number or is this even a factor at this point? What am I missing here?
I'm near retirement, so I'm not terribly worried about my own future here
But younger people should definitely not waste any more of their time. There's no future at this company, and even if there were, all of you could do better somewhere else.
Town Hall Stuper
@SB “What you've just said is one of the most insanely id--tic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now... — read more
The demise of Xerox ethics
We are seeing the demise of Xerox ethics. Not internal ethics. Executive and Board leadership ethics. The Executive leadership remains accountable to the stockholders even if that means they receive false internal information reporting. They have... — read more
Does your manager su-k?
Some indicators: unwilling to take your improvement concepts upchain, intentional attempts to misrepresent reality to upper management. I’m gone from Xerox, but my manager exhibited these traits and some worse ones. What is your experience?
CEO has ki-led this company
…….and for that reason Steve, 👉🏻 YOU’RE FIRED
We are entering an endless rolling layoffs phase
Starting today, by all accounts. Basically, anyone can be affected anytime, anywhere, for months to come. It's going to be insanely stressful. I intend to channel my extra energy into a deep job search. Nothing else comes to mind that would help me... — read more
Is SB’s middle name Nero
Astounding the Board has let a CEO literally burn a company, revenue and profit, people and stock price, Then print some Warrants to add to the fire.
Pay cuts
some will be asked to take pay cuts to reduce debt!
Xerox Lexington Building
Are they really closing it down or is that just a rumor?
Vendors?...
Does anyone know if any vendors or contractors will be effected?