#company

Company wide reduction in force.

Company’s market share will be cut in half fast

Did anyone get notification today?

I just feel even tho stocks crashed, they will just keep us lol as I don't see any layoffs happened in recent years

What’s going on PW UHG org? New CISO, CDO, ETIPs head …. mostly from financial institutions. Any insight?

Looks like it’s the new CSO hub.

It's that simple, the current work force is broken. Good luck on the unemployment line.

Anyone else see the recently posted engineering positions in limerick Ireland? It looks like they are targeting fresh graduates. I have a few problems with this:

1. Weren’t all international operations sold to BT?

2. Why Ireland when our network is based in the United States?

3. These would be good positions for associates looking to move into engineering. Why are they looking outside the company when people inside the company would want these jobs.

I could not watch. Could someone make a favor and do tldr

As reported in the NYT this morning. Gail took full credit of course, but I could just envision her thinking “these RIF’s are working great! Gotta kick it into high gear”. Glad I retired a few months back and out of that stress.

the whole thing su-ks and it has been going on a long time. heard rumors that it is mainly going to impact frontier any thoughts on that?

Coming back from GC already, I heard they are in line to get a new C suite role in HQ. That was short lived in GC! I guess that’s why they never updated their LinkedIn.

If you have left the company and you're in here moaning, then you haven't stepped away at all.

Xerox has to change. Decades of poor leadership, management and poor execution, coupled with quite incredible world events- remember COVID, have led it, and others in its sector to where it is today.

Many hark back to the days when Xerox dominated; sadly, Xerox didn't invest and didn't diversify then and, like others in the sector, is paying the price now as they attempt to do this against a ticking clock, which ultimately will and does impact employees.

You appear to have decided to move on; good for you. Others have made the choice to stay and support this change, and others will have found themselves stuck.

Many need Xerox to not only survive but beat the competition; they need the income.

Far too many posts on here don't contain facts. In fact, I would go so far as to say they deliberately carry disinformation intended to sow doubt, not healthy debate or even offer useful help, support and advice. That isn't healthy.

Far too many posts carry voices from the past, who are now on the sidelines shooting into the barrel. Let me point back to my earlier statement: it took decades for this to happen; if you were here in the past, you were a part of that decline; be accountable, stop saying 'I told you so' and su-k it up, you helped make this mess.

I don't drink the Kool-Aid, but I need to work; the best chance of me staying in work is to deliver, so that's what I'll do.

A couple of final words: If you're unsure, ask your manager, not some random on here. If they don't know, ask HR; you'll have to wait for a reply for sure, but it'll be correct(ish)(mostly). Don't get caught up in mindless survival assessments with folk on here. Let's be frank: if they knew what the markets did and how they worked, as they claim, they wouldn't be on here moaning and groaning; they would be spending the $ they were making. The last and most important thing. Focus on you, be healthy, don't come in here and worry about a financial assessment made by someone that literally doesn't know what they are talking about and who no longer works for Xerox. If you're struggling, reach out to someone who can help.

Giving the post a negative? You're part of the problem, not the solution.

Front page of the online version of the WSJ at time of article publication and still there as this is being posted -- 06:01 UTC, Wed., 15 July 2026.
There is no way in he|| that AK can remain as CEO after presiding over this absolutely catastrophic devastation. No CEO can (or should) survive presiding over losing 25% of the company's value in one day.
Perhaps this will spur another company to finally make and offer to buy it.

https://www.wsj.com/tech/ai/ibm-stock-profit-warning-earnings-software-8652c06e

Shares of the corporate stalwart plunged 25% as AI purchases crowd out traditional tech spending in many companies’ budgets

By: Robbie Whelan and Heather Gillers |
July 14, 2026 5:18 pm ET

The SaaS-pocalypse has come for IBM [IBM -25.21%]. Shares fell more than 25% Tuesday, the largest one-day drop on record after the company issued a rare profit warning, citing a shift in customer spending from software to artificial-intelligence hardware and memory chips. IBM is scheduled to release its official second-quarter figures next week and could offer a preview of the toll corporate America’s AI bills might take on software spending.

The selloff in software stocks like Adobe and Salesforce earlier this year was triggered by fears that AI companies like Anthropic would enable people to easily make cheaper copies of the software-as-a-service products sold by traditional firms. However, the selloff in IBM’s shares, which wiped out $69 billion in market capitalization, is being driven by a different phenomenon: worries that new AI purchases will crowd out more traditional tech spending in company budgets.

The rapid rise of AI has made chips more expensive, which in turn has driven up prices for everything from laptops and gaming consoles to AI data-center servers. That run-up in costs has squeezed tech budgets at big institutions including banks—a core customer base for IBM—that buy an enormous amount of computing power from cloud companies to run in-house AI tools.

IBM Chief Executive Arvind Krishna said that in June, clients shifted their quarterly capital expenditures toward servers, storage and memory to secure supply-constrained infrastructure ahead of anticipated price increases.

“These conditions require our teams to execute perfectly, and this quarter we faltered,” Krishna said. “While we anticipated some supply chain-related impact in our expectations, we did not anticipate the magnitude of the capex reprioritization.”

Firms like OpenAI and Anthropic are projecting massive upticks in revenues as more companies test cutting-edge tools for a range of tasks like coding, marketing and data analysis. To pay growing computing bills to those and other AI giants, companies are likely to shave down non-AI software and hardware spending sold by traditional firms, said Gil Luria, head of technology research at D.A. Davidson.

“This earnings season is going to be strewn with companies that fall in that category,” Luria said. “They are hearing from their customers, ‘We need to make room in our budget for AI.’ ”

IBM’s challenges aren’t limited to software. Sales of the z17, the company’s flagship enterprise mainframe designed for the AI age, fell short of its expectations. IBM said it expects infrastructure revenue to fall 7%, after previously anticipating a low-single-digit decline.

Unlike other major AI infrastructure providers and large cloud companies like Nvidia, Google and Oracle, which sell chips and networking hardware and rent computing capacity from their own data centers, IBM focuses on selling hardware and software systems that corporate customers install at their own sites. The company’s customer base is heavily concentrated in financial-services firms.

IBM’s mainframe computing and consulting businesses compete directly with AI models like Claude Code, and its infrastructure business faces threats from the rising deployment of massive AI data-center clusters, which offer enterprise clients access to the computing resources they need, often at more competitive prices.

In late May, IBM announced a $5 billion cybersecurity effort with subsidiary software firm Red Hat, known as Project Lightwell, under which the two companies will deploy tens of thousands of engineers and sophisticated AI tools to help secure software supply chains for enterprise customers including Bank of America, Citi, Goldman Sachs, Visa and Morgan Stanley.

Chris Versace, chief investment officer at Tematica Research, said that IBM’s comments, paired with recent statements made by some of its major customers, including J.P. Morgan and Goldman Sachs, represented “confirmation that AI adoption and usage are rising and companies are prioritizing it to drive efficiencies and productivity.”

IBM has also invested heavily in infrastructure for quantum computing, widely regarded as the next phase of advanced processing. In June, the company announced it was launching a unit called Anderon, seeded by $1 billion from the Trump administration, which will manufacture silicon wafers for quantum-computing chips, and that it will spend $9 billion more over the next five years to develop quantum supercomputers.

The race is on to secure memory and storage chips, especially those known as DRAM and NAND flash memory, that transfer data and store information on devices. AI companies use those chips to help train and run large language models, coding agents and other tools.

The industry that makes those chips, meanwhile, which includes South Korea’s SK Hynix, Micron and Samsung Electronics, is contending with a memory crunch. The problem has already started to drive up the cost of consumer electronics, from Macs and iPads to Xboxes.

Declines for software companies like Workday, Adobe and ServiceNow were less pronounced Tuesday than IBM’s selloff, but the idea that AI spending is crowding out other parts of companies’ tech budgets rattled software stocks.

Salesforce, Workday, Adobe and ServiceNow all fell more than 5% in the first few minutes of trading before rebounding to end the day down 2.1%, 3.5%, 4.3% and 5.8%, respectively. Investor fears about software budget crowdout likely lessened upon a close read of the IBM warning, Luria said, which cited a key driver of the weakness as a shortfall in demand for the z17 mainframe. Most software companies don’t sell mainframe computers.

Why is it that every time there are layoffs, they always target the people who actually do the work instead of the ones who don't contribute anything? It's no surprise the company is in worse shape every year.

I used to be proud to tell people where I worked. It felt like a company that actually cared about its people. Now it's unrecognizable.

Ouch. I am fairly sure Fiserv still retains the largest build out for IBM.

Just got word Thursday is a go, however my leader had no word who's impacted. I'm in CP on the retail side. Good luck and may the odds forever be in your favor 🤞

https://www.foxbusiness.com/technology/ibm-sends-shockwave-through-tech-industry-ai-warning

Published: July 14, 2026 9:25am EDT

It's pretty obvious that Ramon and his team have no clue what they are doing. It's only a matter of time before the company is broken up. Frito can probably be sold off to either Dow Chemical or DuPont since they are all Chemical companies.

Heads up

Seems like yes layoffs are coming at some point based on what Lanell is saying. A lot of language around "roles shifting" and that "decisions will be made as we learn more"

Between that and AI this company is really trying it's absolute hardest to run itself into the ground.

It's stunning to see longtime employees, people who dedicated their careers here, get pushed out with no consideration. And now there's so much more to come. What happened to this place?

https://www.cnbc.com/amp/2026/07/09/goldman-sachs-asset-management-deals-verizon-lockheed-martin.html

I keep hearing that future severance packages might get cut. Is that actually likely? The current terms seem reasonable to me.

I've been struggling with motivation lately and I think I know why. I've been seeing the people who work the hardest get laid off while the ones who barely contribute get to keep their jobs. It doesn't matter how well you perform, you're just as likely to be cut. Why should anyone care about doing a good job when effort isn't rewarded?

From Bloomberg (paywalled)

“You really don’t need the latest cutting-edge, incredibly expensive model to summarize an analyst report,” Chief Financial Officer Jeremy Barnum said on an analyst call Tuesday after the firm reported its second-quarter results. “So the idea is use the right model for the right purpose.”

bwahahahahahaha.

Charlie Scharf: oh yeah? Hold my beer while I tokenmaxx.

We desperately need more people, we're dying over here, but we're being told nobody is being hired currently. Is this true? I haven't heard anything about a hiring freeze happening.

Curious, if any other people leaders have been informed on those that requested the VSP yet. And if so, how is that process going?

Why

Are a lot of people taking it?

Anyone the it will offered again?

What’s the Reorg look like after?

Anyone know if the Tech Mahindra contract for infrastructure is getting renewed or how long is the contract for?

For those who previously worked at CDW, I’d appreciate hearing which VAR you’ve joined and how your experience compares to your time at CDW. Many of us are exploring opportunities within VAR organizations that place a stronger emphasis on coworker value and overall culture, and your insight would be extremely helpful.

Morgan Stanley is vacating Jersey City location by EOY. Does anyone have more information?

It got corrected

but does anyone ever see Kate J come right out and address the many layoffs over the past few weeks, or just continue to RIF more workers every month until she feels the time is right to sell off the remaining parts ?