Thread regarding Xerox Corp. layoffs

Earnings call - much the same as 2019

I actually wondered if they simply took most content out of a 2019 report.

Highlights from 2Q 2021:

  • More cost optimizations (layoffs)
  • Admission of failure on non-print initiatives . “ Part of our strategy includes working with strategic partners to accelerate the commercialization of new technologies in our focused areas: 3D printing, industrial IoT, and clean tech.”
  • more stock buybacks (less cash for improving the business)

Summary: still circling the drain and Wall Street still has blinders on

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Post ID: @OP+1c5O4ZtQ

2 replies (most recent on top)

Good pseudonym, Russell!

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Post ID: @aiw+1c5O4ZtQ

Good summary. This will be the same story until it leads ultimately to a sale, merger or bankruptcy. Print is not dead but dying, company dying along with it. This company is going places, are you going with it??

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Post ID: @vah+1c5O4ZtQ

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