XRX is out of ideas and creativity - they are mired by clueless management (led by Visentin) that is subservient to Icahn and his band of mercenaries. When companies cannot grow the top line, they start slashing expenses (ie employees) in the hopes of masking their dying business. Sears, Kodak, Blockbuster and now Xerox - going into the night with a whimper and a thud - forgotten easily by the other successful companies in the marketplace that did bother to adapt business strategies.
Crippled by the lousy results and negative outlook, management will try to make some big splash with the February earnings results to mask the awful numbers. Expect a big announcement with GIX/ XBS along the lines of consolidations within the subsidiaries, movement of functions out east where they would mess that up as they do everything else, or more likely an outsourcing move in preparation for a sale. I'd expect the stock price to jump at least temporarily prior to this being chopped up and discarded.
In 10 years, there will be case studies about this company and their management team regarding how to not run a business.
A truthful post by @XjvdJrH-2flx . I have to say that i agree 100%