Thread regarding Xerox Corp. layoffs

It will prob be a disaster (for staff and customers) if it happens,Its a forced marriage,HP will hinder everything , xerox will not innovate the pc/laptop business, all we can hope for is Jonny V leaves and we will be run by HP managers.

This deal only benefits Carl Icahn and the shareholders. No one else. That's all you need to know. Any employee who thinks this is a good idea is extremely naive.

It's amazing how a junk bond rated outfit all of a sudden can land several billions at investment grade rating. Carl must have those banks by the short hairs. It's a shame that it is to be invested in a pump and dump scheme, instead of gainful, innovative, enriching, employment-promoting projects for all involved.

Xerox is desperate.
HP fired Johnny V.
Xerox is notoriously late paying everybody
I want to know how in hell anyone would give Xerox financing???
Print is a dying business

I would say people think it makes sense based solely on merging eliminates a competitor. So basically you eliminate HP printer division, Xerox customers double and can still likely meet that without increasing your Xerox workforce.

It only makes sense to Carl Icahn. HP is moving away from printing and putting their efforts into 3D, their computers and industrial equipment now. They also have some great products in the works that I can't say anything about (yes I work at HP in the research division). The after market ink cartridge business is dying fast and HP does not want anything to do with another failing printer company.

Re " I'm just an engineer".

Remember that HP was formed by two guys who were "just engineers".

This deal makes Carl Icahn and his legion even richer, that's all that matters. Business sense, financials, market conditions, and especially employees are irrelevant.

I think some sort of merger makes sense. We are in a declining market, and often companies in declining markets consolidate their resources to stay around a little longer. Certainly the way it is normally done focuses on retaining value for shareholders and executives, and not the employee.

The way they are doing this though doesn't make sense to me, but I'm just an engineer so my business knowledge is pretty much zero. How does it make sense to take on 24 billion in debt to buy a company that itself is also declining? What is the payback period? How many people in Xerox and in HP will lose their jobs? is this the best thing for our customers, or a short term money grab for a small number of people?

Collaboration makes sense in some way. Getting our engines from HP instead of (or in addition to for the short term) Fuji Xerox allows us to still have a market presence. But for how long?