Thread regarding Xerox Corp. layoffs

May 29th webcast key takeaways?

Can someone please summarize the key messages from the webcast? Did Johnny Vaseline sing and dance?

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Post ID: @ZkNzIwY

5 replies (most recent on top)

Webster is dead, at least for IT and security. Some VPs already told their people that they are no longer allowed to hire in Rochester, only Raleigh. JohnV and Steve B think Rochester s---s, even though so far all they've been able to do with their people is cut expenses to the point of damaging ongoing operations.

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Post ID: @ZkNzIwY-gtb

My take is the significant Webster staff retrenchment will be occurring prior to mid-June so that savings will be captured in 2Q and people will be off the books on July 1.

A big question mark around future of most of the webster campus.

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Post ID: @ZkNzIwY-obw

All IT functions (includes yahoos who are under XIM/XDX who don’t do IT) currently done out of Webster will be performed elsewhere, mostly North Carolina.

Or is just a coincidence that the person who asked about the NC openings was let go today. (Sarcastic tone implied)

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Post ID: @ZkNzIwY-tfy

Takeaway is be careful what questions you ask. Heard that the employee who asked the question about the Raleigh postings was let go this morning in Webster.

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Post ID: @ZkNzIwY-uoj

Heard new Layoffs in Webster today

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Post ID: @ZkNzIwY-kyq

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