Thread regarding Xerox Corp. layoffs

“Cutting our way to tech powerhouse greatness”

Xerox (NYSE:XRX) reports revenue dropped 6.1% on an adjusted constant currency basis in Q4.

Equipment sales decreased 9.5% to $629M (-7.7% in constant currency).

Post sale revenue down 7.2% $1.9B (-5.5% in constant currency).

North America revenue declined 5.2% to $1.52B (-4.9% in constant currency).

International revenue slipped 7.2% to $929M (-3.2% in constant currency).

Gross margin rate fell 30 bps 40%.

Profit up...

Cutting our way to tech powerhouse greatness!

You can't argue the facts, and when they are lined up like this you gotta admit that look brutal. PostID of the original post is: @XmAvBHH-bdt

by
| 1714 views | | 9 replies (last ) | Reply
Post ID: @OP+Xmc8xVB

9 replies (most recent on top)

Message to GIS cores.. you built your business from the ground up and was bought out. You can do it again with these same employees. You won’t be limited by Corporate BS, cost savings to add $$$ to senior executives pay/bonus or product restrictions.

Start looking into it before Xerox decides to outsource you. You’ll be delivering a much better CUSTOMER experience than outsourced people would.

Oh wait, Project Own It was supposed to be about customer experience. We all know it’s about lining Carl Icahn, Deason, John V, Steve B, Mary M, Mike C., Joanne C-S, Fred B, Louis P’s pockets. They came in under outrageous payout bonus to cut costs and sell the company. They will leave pocketing the $$$ and no care in the world for the thousands of employees out of a job to line their pockets.

Go for it Cores.. you’ll most likely get many ex-Xerox employees to provide you with excellent references.

by
| | Reply
Post ID: @2psv+Xmc8xVB

Outsourcing is there curse! They have been dragging the company down for years now. Amongst employees it’s frustating to see how standards are overlooked and ignored to meet the job, yet their dumb enough to not see how people generate more costs by not knowing wth they are doing!? Ha ha managers are in the same position regardless if they are looked down.. by style states.. people won’t commit to a local company as much! They could care less of results! They don’t deal with them directly so who cares!

by
| | Reply
Post ID: @2nji+Xmc8xVB

Consultants have been at some of the XBS subsidiaries in January reviewing processes and procedures under the premise that they are going 'to share them as best practices.' Funny thing is that these consultants work for firms that specialize in outsourcing. So NO, the line they are pushing is all c-ap. Everyone around me knows what's happening - some are in denial, others are angry. But when the leadership of Xerox cannot grow revenue they fall back on expense cuts and the easiest way to do that is to outsource. Why pay a team of 8 people $500K in the states when they can kick it to the Philippines for a fraction of that? Then multiply that exponentially across the XBS companies. Who cares if the service is c-appy - they sure don't. It's all short term gratification. John V and Icahn will be sitting on a beach while hard working Americans who were dedicated to doing a good job will be in the unemployment line struggling to make ends meet.

Morale is in the dumpster and XRX already fired the managers that had a brain in their head that could have made this tolerable. If you are an employee in one of the XBS companies, get your resume together and make contingency plans. These people don't care about you. That's what I am doing as well as many others. The only downside is that if the timing doesn't work, I'll miss out on the little severance package that Xerox is offering yet they can choke on their week for every year severance package.

by
| | Reply
Post ID: @2uqq+Xmc8xVB

Xerox are finished. Seriously guys, it was all fine and dandy until 1999 and was a young, fun, sales place to work. If you’ve been there 20 years (you have), you’ve been there too long. Two words. Carl Icahn. You don’t think he’s after the US real estate?

by
| | Reply
Post ID: @1ljl+Xmc8xVB

Wow. Terrible Q4. It seems the titanic is taking on more water.

by
| | Reply
Post ID: @1wbu+Xmc8xVB

SPLAT!

by
| | Reply
Post ID: @xit+Xmc8xVB

Don’t forget their c-appy outsourcing Project managers and teams, that only have preved by today’s results, and reputation, they keep on screwing up the customer relations relations and any potential deals due to their lack of dedication and performance. Is someone watching over these people? I am pretty sure a juicy amount of money is getting over sees to maintain these unrequited jobs.

by
| | Reply
Post ID: @jmh+Xmc8xVB

Cutting, cutting, cutting!

We can’t sell ”cuts” to our customers that want newer technologies.

More layoffs coming. More resignations to match.

by
| | Reply
Post ID: @cko+Xmc8xVB

High end (aka production) revenues down nearly 15% in cc.

Old iGen products, no r&d, dependence on FujiFilm, no wide format, b2, or sellable inkjet.

This place has hit the wall.

by
| | Reply
Post ID: @zkr+Xmc8xVB

Post a reply

: