Thread regarding Xerox Corp. layoffs

Some perspective on growth:

Xerox stock Nov 23 2015 $28.32 (adjusted for reverse stock split)

Xerox stock price Mar 29 2019 $31.98

Xerox stock growth since Nov 23, 2015 12.9%

S & P 500 index growth over same period 35.6%

a couple decent, informational posts on this board, otherwise a bunch of toxic know-nothings.

Just so we have correct info...

Nov 23 2015

$28.32 (equivalent price w reverse stock split)

Mar 29 2019

$31.98

Hey, you know, I think we all get that "this is business" and this is how capitalism works. Shame on us for not being rich, I suppose. And shame on us for not buying Xerox shares when the company wasn't doing well and making bank now! And shame on us for not just "going and getting another job". Silly us.

Yes, Xerox is "winning" in the eyes of shareholders and Wall Street. Too bad it's at the expense of 1000s of jobs lost, 100s of jobs shipped over to HCL only to be dumped in the near future and 1000s of people doing twice the work with no pay increase. I guess if your idea of winning is gutting the company to boost the stock price, cool. For many of us, winning would have been working for a company that cared about its employees, honored its retirees and hired leadership that had the sense to know that it's truly the PEOPLE that worked at all these cores that made the company successful. Is success something that benefits the wealthy few (shareholders) or something that benefits all the hard-working people who did more than just shuffle numbers around on a spreadsheet?

Omg, are you serious? GIS was handed all the c-ap accounts that owed tons of money or who hated Xerox direct so much that they were trying to cancel their contracts, what a freaking joke. GIS had to step in and try to save the disaster that Xerox direct created!

On

Mike Feldman, accounts were handed to GIS to end the direct sales channel not to make GIS look bad. Hence, the thousands of direct job loss. GIS was handed billions of dollars. You should say thanks, not be upset because you couldn’t manage a major account. Direct accounts made GIS look far better than it was. That’s a fact jack.

You think Icahn cares what the price was in May 2018? There are only two Prices he cares about.

Q4-2015: $10/share

Q4-2019: ≈$40-$45/share

Why are these two numbers important? Q4-2015 is when he acquired his stock for $230M, and Q4-2019 is when he will sell his shares to a buyer for $40+/share. And, in the meantime, he split off Conduent and he now owns about 10% of that company as well.

At $10/share, he was buying Xerox & ACS (Conduent) together. Since getting involved, the stock has multiplied by a factor of four, plus he now owns 10% of Conduent with no additional investment. He will make about $1 Billion dollars PROFIT in this four-year experiment.

Xerox isn't dying, on the contrary, it's becoming exceedingly valuable to its owners (shareholders). We, Xerox employees, have been paid for the work we have done, and Xerox doesn't owe us anything more than that.

If you own something, it's your right to determine what you do with it. If you don't own Xerox Stock, you don't have any say in what happens to it.

XRX price May1, 2018 32.29

XRX price March 29, 2019 31.98

There's a lot of emotion on this site. Lots of anger, disappointment, and feelings of betrayal. That leads folks to say things like "Xerox will Fail" or "has failed". The reality is, Xerox is not failing.

Yes, the Senior Executive team has one objective: Drive up the value of Xerox to the highest bidder. They do not care about culture, history, etc. They care about creating value.

Xerox is the second-best performing stock on the market since the beginning of the year (up 57%). Carl Icahn stands to make about $1Billion (with a "b") dollars in PROFIT on the sale of Xerox. It will actually turn out to be one of the best investments in his portfolio.

If "Xerox Died" it happened a long time ago, far before Icahn got involved. Icahn just found a way to make money on what was left since no one in leadership at Xerox had a clue.

I'm sorry people have felt hurt or betrayed, but Xerox doesn't owe you anything. You were paid to do a job (and for many of us we were paid handsomely). That's it. If that job is no longer available, well, be thankful the unemployment rate is below 4%.

I'm not -btc, but I'll back that statement up from years of experience with HCL. It's just a fact. Many (not all, but more than half) of the accents on conference calls are so thick as to be incomprehensible.

'Send me an email and I'll get back to you' is sometimes the only response that can be made.

Re: "Can't understand a word they are saying." It's ok to be upset with out being ignorant. The people you are talking to / about are just other humans trying to make a living like everyone else.

Morale at our Core is in the gutter. Nobody wants to work for a company in India. Especially when they can’t understand a damn word they are saying!

It just amazes me that a few men can destroy so many lives and not care even one iota, I lost all my energy, I was so passionate about doing a great job, I have always given 150% and I get rewarded with being badged over, it's just the biggest F you to me and all us cores!! My resume was uploaded a few days ago and I cannot wait to find a new job!!! I just wish all my fellow cores the best, please get out, please don't give Xerox your best anymore, they don't appreciate any of us!!!

We are definitely heartbroken. Morale is awful at our core. People are updating their resumes and sales people have left. I have no idea how they are going to get anyone new to work for this company. Our benefits are garbage, our people are defeated and people are so sad. It’s hard to watch all this fall apart and try and act like this is anything besides the demise of our company.

Global is dead and each individual core company is heartbroken! All the great employees have either left or will be leaving in the next few months..

Xerox has ruined one of the most successful parts of the organization. Nothing will be left to sell to anyone. The employees are suffering and the customers will start to feel the pain.

When will this fiasco be exposed and impact the shareholders and greedy Carl Icahn?