Revenue forecast is cut, shares went down... And we already know this leadership only knows to respond to such events in one way - more layoffs. I'm betting you we'll have a new announcement very soon.
https://www.reuters.com/article/us-xerox-results/xerox-cuts-full-year-revenue-forecast-shares-fall-idUSKCN1UP14Z
This bodes very poorly for remaining XRX employees! You are at risk for sure especially those left in the old GIS world. Expect more consolidations at the higher levels (CFO, Controller, presidents). They will save a lot of money by doing this. They do not care if accuracy falls or any other consequences.
With current customers not renewing their contracts and others cancelling existing contracts and services it will accelerate the downward spiral. JohnnyV and SteveB will probably strong arm Xerox’s largest spend supplies into buying Xerox products and services or threaten to cut spend with them in order to support the preposterous Senior executive salaries. Reciprocity at its best.
I believe John V earmarked 75 million for restructuring in 2019 alone which means layoffs were already in the works. It will be a nice s**t show.