With the current state of Xerox, if given an opportunity to work outside the company for the same pay and benefits, should one take an offer or stick around to see if the dust settles? With talk of more layoffs and the future being an unknown, what are current/former employees thoughts?
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The problem is they are rebadging employees so they don't have to pay severance.
Depends on how much you are going to collect in severance when the time comes that it is offered to you. If you haven't been at Xerox that long and/or it isn't going to make or break you, then take the other job offer.
Why would you stay? There is no loyalty anymore, no “family”, and everyone is looking.
I can't understand why anyone would ask this question! You are working for the most unethical CEO I have ever met and for Icahn who is only interested in his own pocketbook. These guys could not care less about XRX employees or even other shareholders. If you know what is good for you, you'll run to the door! I certainly did. I was not afraid about being laid off but could not stand working for such b--tards. I have too much respect for myself and the many hard working, talented and dedicated XRX employees left. You deserve so much more! GET OUT
The industry is dying, and nothing any management team can do will stop the long term trends, and force hold back the tsunami.
Former employee here. Take the other job if offered.
I was laid off; found my next job the next day. And the world didn't end. Take ownership of your situation and don't wait for them to define what happens to you.
Every person's situation is different. If you're in the Rochester area, I can tell you I have been interviewing for a year, and we have some of the most expensive health insurance in the area. I interviewed with at least a dozen places and only found one with more expensive health insurance. I recently took a job with another company. I'll save $4-7K a year on healthcare costs with my new employer.
Depending on your field you shouldn't wait. Layoffs are flooding the market with candidates and people are having a hard time finding jobs.
If there's even a remote chance that you could be affected by an IRIF (and for most of us I'd say that's the case) you really should be actively looking.
That doesn't mean you have to take an offer for another position, but just getting your resume into shape, getting it posted to job search sites, and making contacts with recruiters can take time. If you start that process now you'll already be ahead if you get a tap on the shoulder in the future. And being prepared will help tremendously if you're interviewing because you'll be more relaxed.
There are several websites that offer job comparison help. The idea is to find an objective approach, to reduce the emotional factors in making your best decision. If you're at all familiar with LSS at Xerox, you'll find similar approaches, for example, one from the Harvard Business Review:
https://hbr.org/2017/04/a-scorecard-to-help-you-compare-two-jobs. Other sites focus primarily on financial comparisons, particularly if you are thinking of relocating. The research term I used? "job offer comparison". I will tell you one thing though - by being proactive and working through the decision, whether it's stay or go, you will feel empowered that you made the right decision for you and your family. Wish I'd chosen the option to look vs being totally blindsided by a layoff.
Xerox benefits stink now. You’re bound to get better benefits elsewhere. Time to get out. That’s what I’m doing.
It depends on the function that you are in. The grass is not always greener. If you’re in an admin role, I would take the position. If you are in a sales or service role, wait until the end of Q2 to see where things are. It also depends on your manager.