Thread regarding Ricoh layoffs

Ricoh

Expects net sales for FY2020 to be down 17.2% YoY to $15.3 billion

Expects to finish with operating loss of $452 million
FY2021 goal is $17.5 billion in net sales
Operating profit of $461 million
Plans to save $212.5 million via “optimizing its service operation”
Will reduce its “customer engineer” headcount by 15%
FY2022 expects net sales of $18.4 billion
Operating profit of $923 million
FY2025 expects net sales of $20.3 billion
Operating profit of $1.38 billion
Operating profit margin of 6.8%
54% of profit will come from Office Services and only 25% from Office Printing (print hardware)

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Post ID: @OP+1a1AzMR7

4 replies (most recent on top)

Ricoh is emulating Xerox too?

Laying off the bottom line and tech workers, while retaining the Old Boys club, the executives, and keeping the eye candy at the front desk whose relationship with the company is more of a Lewinsky? How do these globalist companies survive with mediocrity?

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Post ID: @3kpt+1a1AzMR7

I can't believe they canned more techs in Canada! How can this place still be open for business?

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Post ID: @2vde+1a1AzMR7

I would assume customer engineers are field service technicians. I'd like to know where these numbers are coming from but I can tell you they're true as Ricoh Canada purged some field service technicians today. Company is a total joke and everyone should run from this raging sh– pile

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Post ID: @1ema+1a1AzMR7

"Customer engineer" Is that the field service technicians? Sounds like more layoffs coming. Glad I left.

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Post ID: @dfc+1a1AzMR7

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