Conduent Layoffs

Topics regarding layoffs at Conduent

Everything Must Go - Pre Bankruptcy Sale

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.

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Post ID: @11Tm2xTx

Conduent Is Not Paying Vendors

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.

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Post ID: @11G3zcO6

EXPERIENCE IS NOW A LIABILITY!!!

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 

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Post ID: @11A6RFpU

Layoffs Oct 9, 2019

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 

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Post ID: @11r3hRLT

5% RIF Last Friday - Lack of Information

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 

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Post ID: @11rIZ09Q

Layoffs October 5, 2019

Several coworkers laid off late Friday afternoon. Supposedly it was a 5% cut across the board.

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Post ID: @11pfV7fi

Stock Below $6 and dropping

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.

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Post ID: @11lP9EWz

Giveaway to Indian Workers

https://www.breitbart.com/politics/2019/09/20/mike-lee-promise-green-card-giveaway-indians-next-week/

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Post ID: @11ac4Gew

Big Job Cuts Friday

In keeping with the rotten tradition of getting rid of people just before a major holiday. You're terminated and have a wonderful Labor Day.

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Post ID: @10NRPaLf

Two More Board Members Quit

"A Conduent board member, who was singled out by Carl Icahn’s appointee for contributing to the company’s falling fortunes, has resigned. The business process outsource company announced the resignation of William G. Parrett, the former chairman... —  read more 

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Post ID: @10JfG7YD

Tacoma

Layoffs at Conduent Tacoma

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Post ID: @10GcRVD5

Has Grand-Pa Icky lost his magic touch?

Both Conduent and Xerox have been using the same playbook - move work to India, cut already meager employee benefits, create a very expensive, ruthless and unethical executive team, etc. And for what? Conduent stock price is down 75% since separation... —  read more 

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Post ID: @10tr4zHQ

Conduent Might Get Put Up For Sale

In the Q2 Earnings Call, they mentioned looking into various ways to deal with their financial situation, including selling off parts of, or even the entire company. It didn't sound like it's definitely the way the plan, but it's something they told... —  read more 

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Post ID: @10s4lbp6

Q2 Losses

$1 Billion writedown. The solution? Hire more sales people. Other than that a bunch of bad sh– will be flying the way of U.S. workers (what's left of them) Pay Cuts are coming to drive more people out and straight Job Cuts coupled with... —  read more 

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Post ID: @10rIp7RY

Toxic

How is it going?

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Post ID: @10obCCLn

Conduent Recent Disaster Recovery Drill

This week Conduent had the annual Disaster Recovery Drill The result was that a long list of major systems failed! Now the executive level management is tweaking the results so that they can report to auditors (and clients - the real customers) how... —  read more 

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Post ID: @ZMJ6eMw

CTS/ITS needs new leaders

Leader RIFs or resignations have been focused on the business side management chain. Little done to hold accountable those who caused significant damage to the development engine in the company through unnecessary reorganization, obstructing progress... —  read more 

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Post ID: @ZziGs5E

Ah, the Drama

Part 1 - http://www.thenewspaper.com/news/67/6721.asp Part 2 - http://www.thenewspaper.com/news/67/6722.asp —  read more 

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Post ID: @ZkyNigs

Conduent has a new COO: Cliff Skelton

https://www.prnewswire.com/news-releases/conduent-names-cliff-skelton-president-and-chief-operating-officer-300857723.html Skelton joins Conduent from Fiserv Output Solutions, where he served as President. He previously spent five years as Executive... —  read more 

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Post ID: @ZhF9B7H

Did you hear that thud?

Did you hear that thud? It was Conduent falling out of the Fortune 500. "Overall, New Jersey gained one company in the 500, as Zoetis, in Parsippany, came in at No. 487. But it also lost one company, as Conduent, in Florham Park, dropped to No. 517... —  read more 

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Post ID: @Z9rSItP

Missed forecasts

No wonder we miss our forecasts and deliver disasterous results, it’s all complete air. Never seen such management style in my life. Leaders promise numbers to the top then go back to squeeze and beat the sales teams to magically come up with the... —  read more 

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Post ID: @Z0azX4g

When will it start?

And how bad will it get? Conduent leadership will have to make up for these disastrous results and a drop in share price somehow, and sadly cutting more employees is the easiest way for them to do so. So buckle up everybody, this ride is about to get... —  read more 

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Post ID: @YY93SKS

More layoffs

Q1 call stated that Government and Transportation were problems. The company is still cutting costs. In absence of new growth, the way to recover stock drop is to say you’re cutting more.

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Post ID: @YYjqCSy

Ashok announces he's stepping down as CEO.

Do you think it's a good or bad sign for the company? To me it looks like he's getting out while the getting is good. Found his exit in the board of directors at Kroger, then went "See ya s---ers! I got mine!" Or did Icahn's coup attempt actually... —  read more 

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Post ID: @YXiPU3S

Surprise Meeting Tomorrow

Just got an invitation for a team meeting for tomorrow morning - no subject mentioned I do not see any team member names missing so other than the boss himself quitting It must be something worse like an "across the board" pay cut or something else... —  read more 

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Post ID: @YXxV2do

Severance just two weeks?

The severance was 4 weeks and now because the company has money issues you will only get two weeks no matter how many years of service. This is a sinking ship and will lie and take you down with it! Get out now! Is this true? Some people are saying... —  read more 

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| 1278 views | |
Post ID: @YQyhWBu

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