Thread regarding Xerox Corp. layoffs

Bonus

Has anyone heard about the potential 3% bonus that employees “might” get? No raises are k–ling the techs. Flipping burgers almost pays as much as we are making

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Post ID: @OP+130CXu9W

7 replies (most recent on top)

I decided to just write John V directly. We'll see if anyone responds. It's not like I'll get an answer from our local leadership.

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Post ID: @2gab+130CXu9W

From email from J.V. on February 20, 2019. Looks like all of the stars will have to align perfectly to see the 3% bonus. Lol.

"*The terms and conditions of EIP are set forth in the 2019 Employee Incentive Plan Participant Guide to be provided on the Hub at a later date. Implementation of EIP is subject to local labor laws and consultation requirements and excludes W levels, those with sales incentives/commissions, temporary employees, interns, students, and those on incentive plans still to be harmonized. Employees who received or will receive mandatory salary increases in 2019 will not be eligible for the 2% advanced payment of EIP. Additionally, employees in Global Delivery (including those currently part of XBS and DMO) will continue on their current compensation plans at this time and will transition to the appropriate plan design later in 2019. Employees must be employed by Xerox on the July 2019 payment delivery date in order to be eligible for the July 2019 payment."

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Post ID: @1qql+130CXu9W

i can earn more fixing dishwashers, and be home by 2

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Post ID: @1lmq+130CXu9W

Email dated Feb 20, 2019

“ Because we have opted to introduce EIP as an alternative to annual raises this year, eligible participants will receive a 2% payment in July 2019, regardless of achievement of performance metrics, with the balance of the award to be paid out in March 2020, subject to company performance.*”

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Post ID: @uoy+130CXu9W

Seriously?

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Post ID: @ycc+130CXu9W

Nothing was communicated. Just like every thing else

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Post ID: @mqy+130CXu9W

Did we ever see communications on how it would be calculated?

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Post ID: @gjv+130CXu9W

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