Retirees just received a letter today stating that their health insurance, $400 HRA contribution and Employee only life insurance will be canceled effective 12-31-18. (Those under the "NEW PLAN" Policy). My question is is the company that desperate... — read more
It’s a total sh-- hole.
One would have to have 0 Corp real estate standards to think otherwise.
No climbing back to top with this leadership
Becoming leaders in print again with innovative products & technologies requires, among other things, clear strategic direction, focused investment, and the right mix and depth of workforce skills. From my seat here (still in Xerox, in product... — read more
Xerox Webster Campus Spruced Up?
Is it my imagination or are things in Xerox Park being spruced up? Roads paved, parking lots fixed and repaved or sealed. New parking stripes down. Crumbling sidewalks replaced. A new look for a new Xerox or for a prospective buyer. Akin as if... — read more
Sales layoffs
Has anybody confirmed layoffs in sales? I haven't heard anything aside from that one post here, so I'm just wondering. While on subject, are we expecting anything else for this week or can we relax for at least a few days before starting to stress... — read more
Deadpool dates
What are the month and date when Xerox Webster enters the Deadpool any takers start picking months and dates
Curious
Does anyone know if the SVPs who are leaving "voluntarily" are getting the old severance or the new severance or a golden parachute?
Xerox offering other positions attempt to limit your post employment $
I am hearing Xerox is attempting to offer some direct sales people other positions at GIS in order to not pay severance to individuals who decline the move. In addition, Xerox will absolutely fight these persons unemployment benefit requests. They... — read more
Severance Pay Delay
Were you due your severance pay end of 3rd quarter and now told it will be an additional 2 weeks?
Severance
Anyone else have severance that is MIA?
What kind of week are we looking at?
There has not been a lot of chatter about more layoffs, which I find encouraging. I'm going to assume no layoffs, but if somebody knows differently please share. I'm just hoping to stay at Xerox long enough to find a new job. I have zero desire to... — read more
Wharton should make a case study out of us
Wharton or other should make a case study out of Xerox. Unskilled mgmt, risk averse, unable to monetize anything new even with the might of PARC. SAG functions cannot succeed because of continual budget and staff cuts. It’s 2018 and mainframe is... — read more
Concerns about Xerox
While many have shared their concerns about Xerox and their business prospects, their disdain and lack of empathy for employees seems most tragic. Their lack of work life balance, deceitful activity, advanced “coaching” techniques, ageism, and false... — read more
Thursday, again
Hello everyone, Here we go again, another Thursday. Has anyone heard anything yet?
Wow, just Wow. If you look at the numbers....not pretty.
It’s hard to believe just how small Xerox has become. As of today, Xerox Market Cap is $6.9B. Compared to HP $41B, Canon $35.6B, Ricoh $8B. Even one of its former partners have grown more....Docusign is all the way up to $8.4B! 20 years ago, Xerox... — read more
It's a new week ... Who is Xerox getting rid of this Thursday?
It's been quiet, no rumors so far.
The Hub - layoff statement?
I heard from someone who still works at Xerox that it was formally published on The Hub that Xerox now plans to layoff 1/3 of its global workforce... can anyone corroborate? and Please paste the text here.....
Severance Package Payout..
Lots of talk about pension, etc and severance payout. If you are let go and qualify for say 8 weeks of severance, do you get 2 weeks of salary continuance (i.e. health benefits) and then a lump sum for the remainder and you're out (no more benefits... — read more
Xerox Hiring HR Data Analysts
Why is HQ/HR hiring data analytics people? To find a more efficient way to lay us off? Who would want that job? Anyone know anything about this? Also it's Thursday- LAY OFF DAY! Anyone hear anything today?... — read more
Any news on the 60 in R&D this morning?
Has anyone heard/seen any of the supposed layoffs this morning in Webster R&D?
I'm so done
Made the decision to leave this joke of a company and I'm feeling great about it. Like a huge weight has been lifted off my chest. I might be going to a lower pay, but frankly I don't care anymore. My mental health is more important than 5% of what... — read more
Watch IBM Employees - Don't take buyout, join lawsuit instead
Notice how John V is loading up on corporate officers from IBM? Take special note of Smee. Don't take the 12 weeks of severance, you won't be able to participate in an age discrimination lawsuit. This is about to happen to us:... — read more
Next year's interest rates available online
Next year's interest rates have been updated for your benefit projection.
Major Age Discrimination Lawsuit filed against IBM after they layoff over 1k
https://www.bloomberg.com/news/articles/2018-09-17/ibm-is-being-sued-for-age-discrimination-after-firing-thousands
Is our pension in jeopardy?
With all the changes taking place can anyone tell me if our pension can be affected. No one can tell me for sure if our leaders get creative can they mess with our pension. Can we lose our pension or is it legally protected. I plan to bail out in 6... — read more
R&D RUMOR of 60 to go
Rumor - 60 to be let go in Research and Development on Thursday 20th of september. Although there are over 1K worldwide, 60 will be let go. There are many in Webster in R&D. Another Rumor, goal is for D05 and D06 reduced by 20-30% over the next year... — read more
RUMOR 9/17/2018
Those of us that have earned 6 weeks vacation (25+ years) will soon be limited to 4 weeks.
Banded emps
Anyone hearing anything about banded folks (D05 specifically) being downgraded, and corresponding cuts in compensation? I assume APIP will be a thing of the past as well.
Rollover RIGP to 401K or Leave it?
I am 50 and not ready for retirement yet. I am not sure if I should rollover my RIGP amount to the 401K or leave in the trust. Does anyone have any thoughts or suggestions? Leaning towards rollover due to state of the company.
Severance Taxed at Higher Rate
I received my severance payment today. I was surprised to see that it was taxed at a higher rate than my regular pay. Federal at 22% and State at about 10%. It would have been nice if this was called out in the IRIF Information Package. Payment was... — read more
Stolen from another page, well worth the read
Might make you laugh or tear your hair out. Or both. Xerox in a nutshell. A Japanese company and a North American company decided to have a canoe race on the St. Lawrence River. Both teams practiced long and hard to reach their peak performance... — read more
Mass Layoff in Xerox Gurgaon India on 30 and 31 August 2018
Close to 50 employees fired by Xerox on 30 & 31 August 2018 from Xerox Gurgaon Location India for no reason. Restructuring is the reason what they have given to me and many. Lack of vision, Poor management failed to save employees. All Big fish smart... — read more
It's Thursday - any layoffs?
Thursday seems to be the day the past few weeks. Are there any layoffs happening today?
Stick it out, people
I know it must be very tempting to quit right now, but trust me when I tell you those on top would jump for joy if you did that. You'd be saving Xerox and in turn them severance money. Why not wait it out and let them lay you off? Start preparing for... — read more