Thread regarding Xerox Corp. layoffs

They will spin the layoffs as "realigning with the new strategy"

My guess is the strategy announcement in early February will give them "cover" to go public with the layoffs going forward. They will spin them as "realigning with the new strategy".

My fear is that the new strategy will enable or require much larger cuts than they have been doing. I think the cuts up to now have been small in comparison to what is coming in 2019. If you're switching to a "tech company" (I don't believe they are, but for the sake of this discussion let's assume they are) you need different talent than what you need for a copier/printing company. So I think there will be significant cuts in 2019.

This was taken an reposted from @WPKD3AT-1vzq .

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Post ID: @OP+WQMrYgg

4 replies (most recent on top)

The pace of cuts will continue, probably increase. No substantive modifications to the core business are planned. Therefore, cost cutting is the only option. Delaying 401K matching contributions to the end of 2019 & depriving terminated employees the benefit is a dirty tactic. Chances of Xerox being sold are high. Everyone should be working on their resumes.

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Post ID: @1jrb+WQMrYgg

Nope, chill out.

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Post ID: @jcj+WQMrYgg

Speculation.

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Post ID: @jpi+WQMrYgg

Fearmongering at best

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Post ID: @ppo+WQMrYgg

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