I left Xerox 18 months ago after 30 years service. For the majority of these years this was a great place to work. Great people, respected leadership team, great reputation, good products, decent wages and good incentive structure.
Now there is disillusioned staff, a leadership team generally made up of people who failed in previous companies who are being driven by someone who bought ACS, failing reputation in all business sectors, shrinking product array, stagnant wages and Xerox board focussed bonus plans.
Splitting the company in half sounds like cutting out the bits you do not want long term, more suicidal outsourcing with a hint of executives making what they can before further sell offs, layoffs and executive ego satisfaction.
It is a fact that in all of the outsourcing and layoffs that were undertaken to improve the company and make Xerox financially stable, not one example impacted the underperforming senior management.
In my latter years the internal bureaucracy grew, despite the recognition that it had to be decreased at all levels. Today there are too many people frightened to make everyday decisions, too many internal process changes and activities that do nothing to increase shareholder value and a lack lustre leadership.
I genuinely feel for the current employees and their future.