Conduent at Germantown also did laid off on May 1,2020 within QA team.
Topics regarding layoffs at Conduent
The Honolulu office was recently hit up with a string of layoffs. The same the state when into state at home order for COVID-19
Massive layoffs yesterday, on May Day no less. Conduent is a sinking ship. Best to jump off rather than be pushed. Don't see how this company survives the year.
Are your colleagues in the field getting PPE? Mine are scared to death and dealing with management that think masks are unnecessary. I'm scared for them.
What need to happen for them to sustain next few months
Now in the mid $2s We're getting closer to the Dollar Store.
Now below $3 Will see the $1 range soon. Sinking Fast! Conduent Workers: Make sure you check those direct deposits every pay period with your bank and use your vacation time while you can.
Well, thanks for the breakdown. That makes a lot of since. The company has been trying to get the money back from the previous Xerox insurance fraud lawsuit 2yrs ago. So they've been cutting a lot of corners. I'm pretty sure this is why they are... — read more
Does anyone what on Earth is going on in regards to Xerox's partnership with Conduent ? I know for sure that Xerox is about to go to the competition (Well they have already as they've sent already some of the work to HCL in... — read more
I work at a location in the US East coast, I feel like they don't know what's going on with Conduent. I guess it's because they are under contract. Surely don't need any sneak attacks finding out something like the day of or hours before it happens... — read more
It's been ill for some time, but now things are taking a deep downturn for the worse. DOW and NASDAQ down - Conduent Down DOW and NASDAQ up - Conduent Down Looks like a trend here.... Conduent Workers: As for the Corona Virus, don't... — read more
What's going on and if other call centers in the U.S Richmond Virginia going to close
Which is the better deal? A share of Conduent for $3.67 or a Six Pack of Reeses Peanut Butter Eggs for $3.68....? One thing is for sure. One is perishable and the other has been rotten from Day One. Stay away from this company.
Now in the mid $3 area. Quite impressive! Burning Cash and with plans to go further into debt, it may last another 18 months. Corona inspired QE5 may extend that until 2022/2023 when the massive debt notes are due.
No Merit raise this year, Restoring 401k match NOT an option, only MGMT deserves their bonus l
Heard that few executives associated with the top level managements with 15+ years of service (ACS, XEROX and Conduent) are left as of last week. Looks like they might have some insights about what's in pipeline which we don't know yet. Anyway, Don't... — read more
Conduent commercial solutions is being sued for unpaid wages. Apparently, they found taking advantage of employees loyalty, as a fix to their financial issues. Blackburn vs conduent commercial solutions.
Stock is tanking as is the company. Huge January Texas Medicaid Fraud Payment is due. Conduent execs are sure to get huge bonuses so they get whatever cash is left before the whole thing goes under.
Watch out guys!! Next earning date is Feb 18th to Feb 24th. Their main goal is to increase the stock price, management will do anything to keep market happy not you, so be vigilant!!
Funny how they RIF people, and then have recruiters call those people in order to fill openings. Had a call recently and was told the 6-months waiting period that was in the RIF package would be waived if I was interested in coming back - and... — read more
How’s everybody doing? Things stable here and Town Hall was good.
Thanks Conduent for the BEST Xmas gift. RIF’d 3 weeks before Christmas. Apparently there are a bunch today. Watch out
more layoffs happening this week.
Down 4% year over year, Cash on Hand down 70% (from $765 to $236 million) in just the past 9 months! Still going down down down, into the ground, ground ground. They haven't had a single quarter where revenue has gone up since the company was... — read more
Q3 results bad. Company has $236m in cash. Burning around $50m a quarter and $118m in Cash must be paid for Texas Fraud Settiement in January 2020. Selling anything and everything.
They are not paying vendors for critical software applications and just letting the software license lapse. Many systems have been impacted. It is only a matter of time before this whole thing goes under.
Every company in the US lays off anyone age 50 or above in the FIRST rounds to save money on medical costs. Welcome to the nightmare of being labeled a Baby Boomer during the reign of the Millennials. Experience does not matter anymore....cost... — read more
More layoffs today. Last Friday and now today. Same groups. Why not just announce them all last Friday and be done with it? This is terrorizing to keep with the constant RIFS when you know you’re gonna have to let people go. Why not just do it all... — read more
There does not seem to be any information about the RIF last Friday. Where did the cuts occur? (divisions, groups, locations, managers or low-level emps only) There is no doubt that this company will cut anyone regardless of the work they do... — read more
Why is the majority of those laid off over 50???
Several coworkers laid off late Friday afternoon. Supposedly it was a 5% cut across the board.
1 Year ago , over $20 - today less than $6 I'm sure that when they annouce the massive cost-cutting layoffs the stock will get a temporary boost. But don't worry employees, your 401k match will be back in a few YEARS.
10-02-2019 FLORHAM PARK, N.J. - Conduent Business Services, LLC ("Conduent"), a technology-based business services company in Florham Park, New Jersey, violated federal anti-discrimination law when it refused to interview and hire an applicant... — read more
Negative 5% growth. No mention of the matching 401k, but some office sites have Coffee! Otherwise, the same old clown show.