Thread regarding Xerox Corp. layoffs

Current Xeroid said I was lucky to be rebadged and asked if HCL was hiring so they could get out of Xerox.

Better benefits and 401k and able to roll pension away from Xerox into a IRA before they file for bankruptcy putting the pension fund into jeopardy. Said they heard something from someone in finance.

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Post ID: @Zjx83nL

9 replies (most recent on top)

Maybe you were lucky to be rebadged. Maybe that person knows you better than you know yourself and has insight to your employment potential.

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Post ID: @Zjx83nL-5zfp

HCL is in place to learn the rebadged jobs. Nothing more. Better benefits now because they want don’t want people to bail before learning their job. Wake up.

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Post ID: @Zjx83nL-1lfn

Old “Band As” still raping Xerox coffers.

Hundreds are scared they’ll get cut off from the gravy train.

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Post ID: @Zjx83nL-1vfd

“We are encumbered with significantly heftier Norwalk leadership salaries to support than we’ve ever had.”

Executive salaries have been huge in the past. Many more people covered by HUGE salaries in the days of Ann, Rick, Paul and David. Some from that era are still getting paid obscene benefits.

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Post ID: @Zjx83nL-1pux

Currently Xerox is not near bankruptcy. Putting a “Holding Company” into place, sets the stage to spin off, sell profitable segments of the business as well as those that are not performing nor profitable. We are encumbered with significantly heftier Norwalk leadership salaries to support than we’ve ever had. Sales are at an all time low, at some point more consolidations will be needed, more of us will be eliminated or outsourced or Xerox will be cash poor. Be vigilant and aware of what is going on around you. Check quarterly SEC reports 10K, etc., which are publically available on the web, so you’re not caught with your pants down around your ankles with no job and your pension compromised.

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Post ID: @Zjx83nL-1jfa

What good is benefits and better 401k when you’re going to be canned in 6 mos?

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Post ID: @Zjx83nL-1ege

Oh the fear mongery

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Post ID: @Zjx83nL-ahw

HCL is not the place to be

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Post ID: @Zjx83nL-qoa

Xerox is no where near bankruptcy. That’s a really uneducated comment.

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Post ID: @Zjx83nL-yjv

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