Xerox Holdings Corp XRX 2.51% saw 10% owner Carl Icahn add to his stake. He indirectly picked up more than 1.81 million shares altogether for $16.07 to $16.60 each. That totaled almost $29.58 million. Also, a director bought 15,000 shares last... — read more
Topics regarding layoffs at Xerox Corp.
What is happening with non competes More people leaving
What happened at the town hall? I assume that no one admitted that offshoring went too far, that buybacks were ill-advised, or that Wall Street was intentionally misinformed about business strategy.
“ Xerox's core business has been in decline for several years, and recent product refreshes were not successful at turning around mid-single-digit declines in its post-sale business, which represents more than three quarters of revenue. Fitch expects... — read more
New York, August 03, 2020 – Moody's Investors Service ("Moody's") assigned a Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and an SGL-1 speculative grade liquidity rating to Xerox Holdings Corporation (Xerox... — read more
They p-ss-d off the wrong group. Things would be different if Xerox now has an actual functioning security team, but no. Xerox took the “we call your bluff” route. Now our information (as in employees) is “out there”... — read more
This am we were told 30% furlough extended.
EVERYONE that works for Xerox needs to read the posts of “Any layoffs for the Deep Dive team?” You need to know that Xerox is paying attention to sharing the truth with others about the support situation Xerox is clearly trolling that post because... — read more
When is the hammer going to fall and the Layoffs start?
Link: https://www.marketscreener.com/XEROX-HOLDINGS-CORPORATIO-63181095/news/XEROX-MANAGEMENT-S-DISCUSSION-AND-ANALYSIS-OF-FINANCIAL-CONDITION-AND-RESULTS-OF-OPERATIONS-form-31020314/ Interesting read. Sorry for the ALL CAPS, but it's a... — read more
Assuming xerox makes it post vaccine and print volumes return to 65% of pre-covid... not withstanding JV's coming soon innovations, how much longer can xerox... — read more
All going to competitor down the street. The whole company.
Remember. It is not John V’s fault that a pandemic struck, locking people in their homes and keeping them away from the office & thus not printing. That being said, he CLEARLY set up Xerox in a position to fail by not diversifying its portfolio in... — read more
In what world does “we have double digit growth in our pipeline” pass muster without follow up by the investment community? It’s almost like everyone is afraid to ask John V questions. Maybe intentional use of an ambiguous term.
Revenue drop worse than J.P. Morgan’s prediction. “$1.47 billion of revenue, a decrease of 35.3 percent year-over-year or 34.6 percent in constant currency” Folks there it is. This a wrap. ... — read more
I've been on furlough since May from XBS. Are we going t o be laid off? Does any one out there know WTF is going on? Please post any info.
After following the slow demise of Xerox over the years It seems only right to memorialize tomorrow mornings earning call. Anyone interested in a virtual Zoom party to listen in and provide satirical comments? Sure the call is at 7am EST but I’m... — read more
What could possibly go wrong? https://finance.yahoo.com/news/xerox-announces-app-track-remote-151609157.html
I decided to start a list of things making Xerox fail. It is essentially run by Icahn. The company officers just take orders. Not really independent. Employees not respected. Business model unsustainable, now accelerated by... — read more
For those of you asking prior, if you got in your offer letter last year the addendum about the KPP bonus, it was paid out in yesterdays payroll, I was pleasantly surprised!! Say what you want about them but damn they came through with stay bonuses... — read more
If J.P. Morgan analysts are right about a 32% drop in June YOY revenue (earnings call is next week)...well this very very bad news for X & everyone who works there. These numbers are even worse when you consider revenues can potentially fall in half... — read more
This article may have influenced the stock's performance today: https://www.marketwatch.com/articles/xerox-stock-is-down-50-this-year-why-j-p-morgan-says-you-should-sell-51595604367?mod=mw_latestnews
What’s the real deal with this? Just another step in laying off XBS parts and supplies employees ??
Ahead of next Tuesday’s earnings call, how is Xerox revenue & profit shaping up? The performance directly impacts layoffs - so everyone should be very aware and interested in the business results.
Is it open and are they hiring?
Has anyone heard anything about additional cores merging?
Why the hold up? Announce the departments being offshore this quarter so those of us wanting to continue in this dump can sleep better.
I’m sorry folks. It’s done. Carl Icahn bought the company hoping for an HP/Xerox or viceverca merger. Didn’t happen. Then Covid hit.This is now a dead company walking. All talent is walking away or fired. Customers are leaving in droves. Revenue is... — read more
Has anyone the US who is still with Xerox Direct or XBS (not HCL or a third party) and exempt had their hours and pay reduced? Heard a rumor it might be coming and wanted to see if its already happening.
I was on a call the other day with some executives and gleaned that COTGs president is gone. I think his name was Dan? Anyone know what happened? Or who is the president now?
I noticed that fees were taken out in April and again in July. Why is this happening, I don't recall seeing any mention of this.
So what’s the deal with raises? Seem to remember an email mentioning a possible in July. Hmmm? Haven’t had a raise on 3 years. And the last two have been pure he**. We’re just supposed to work ourselves to death with nothing in return. ... — read more
How are the cores doing? I hear that a lot of people are leaving but when I check the career pages they’re barely hiring. Does the hiring freeze prevent replacing lost employees? When will the hiring freeze be over? How are things going at those... — read more
if you leave Xerox do they pay out unused vacation ?
https://www.bleepingcomputer.com/news/security/business-giant-xerox-allegedly-suffers-maze-ransomware-attack/ Based on the photo with the HCL logo: I think I know how they were hacked. Considering I don't see a dump of files I assume Xerox or... — read more