Thread regarding Xerox Corp. layoffs

We work for the total opposite of this company haha

We get benefits cut, screwed out of 401k match, no raises and jobs outsourced
This company in this link is who I would love to work for, they are appreciated and valued, what must that be like?

https://www.wcvb.com/article/watch-company-hands-out-jaw-dropping-dollar10-million-in-bonuses-to-nearly-200-employees/30180404

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| 1709 views | | 6 replies (last )
Post ID: @OP+12sGVCRo

6 replies (most recent on top)

Every company goes through these sorts of phases. In decades past, Xerox could do no wrong. Profit sharing! Bonuses! Big raises! On time promotions!

Eventually, most companies peak and no longer offer all these exceptional monetary items. The company in the article will likely no longer be doing this in 10 years. They may not even be around in 10 years. I have no idea of course, but as a general rule companies build up, attract talent, pay them to stay in dollars and perks, and eventually they peak and can no longer offer these.

Xerox obviously peaked in the last 90s before the accounting scandal. Since then, it's been a slow decline. I'd like to think at some point it picks up again, but we need new products and technology to do so. Will something like Vader help? Maybe. I hope we have more technologies that can be brought to market outside the traditional marks on paper.

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Post ID: @1qob+12sGVCRo

The total value of Xerox compensation started to decline over 25 years ago. Started with retiree medical (Jan 1 1995). then Profit Sharing, etc.

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Post ID: @1rgz+12sGVCRo

The guys came to my school many years ago selling the company as a great place to work. Full benefits, great pay and wonderful stories from employees. Nothing lasts forever.

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Post ID: @1ejq+12sGVCRo

A blast from the past .Xerox once set the standard for the employee being their greatest asset. The salaries, benefits ,and work environment was number ONE. Today it’s hard to believe how far down they have fallen. Very sad ...

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Post ID: @vsc+12sGVCRo

That was the Xerox of many years past. When we used to refer to the company as Mother Xerox.

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Post ID: @kii+12sGVCRo

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