I can live with LEX “taking over”. I can live with implementing improved processes from LEX and I can just about stomach the constant LEX narrative of “Xerox are sh** but everything we do is world-class” BUT what I can’t live with is the lack of... — read more
GLobal Imaging Solutions
Sure would like to know why xerox spent millions to buy GIS(a growing/profitable Co.) Only to gut it and turn it into an expense . Seems like a total waste/bad business decision... No wonder stock is hovering $1.70 Lexmark next?
Don't stop searching
Just because cuts stopped for a bit doesn't mean they won't start again. Keep looking now while you have leverage. Future you will thank you.
HCl America
Are there any current HCL employees at Xerox?
Will Q1 save the day
I’m hearing Q1 is not good
Non-Timely 10K
So the brain trust didn't hand in their homework and asked for an extension to file their year end numbers. I'm sure the numbers are great, and they didn;t lie through their teeth on the earnings call.
Employee feedback
Rumour is they are going to do an employee feedback survey. Is the current thoughts and views and morale and feelings and challenges and of the vast number of employees not very obvious? Another crazy idea from crazy KK lady.
U.S. severance???
Can anyone who's been let go recently ACTUALLY CONFIRM the severance package given and your job designation? A3 A4 D2 D4 ETC? I'm not asking what you think, what you've heard or what the documents in SharePoint say, is there someone with a real... — read more
Work harder make less
Work harder, no merit, no bonuses. Not to worry though, Chief Clown Steve and the band of merry pirates continue to raid the cupboards for any and all $$ they can pull out
Correct meter reporting
Just got the email to "ensure proper meter reporting" so we can squeeze every cent due to xerox. We are past the point of picking up pennies on the ground and they can't afford to IRFF anyone else (maybe?? Or not). Very sad.....
$1.72
New low-oh-oh-oh oh-oh (NKOTB jingle). Wow, we're really sinking, gang. How long do y'all think we will circle the drain until we're under a buck? Will the savings from the layoffs keep our heads above water in Q2? I'm in the weeds trying to keep up... — read more
The culture is dead
It's over for this place.
Chicago Fire partners with Dumpster Fire for tech partnership
https://www.chicagofirefc.com/news/chicago-fire-fc-and-xerox-it-solutions-announce-new-technology-partnership "Xerox IT Solutions will serve as a presenting partner of Chicago Fire FC’s “Man of the Match” campaign, awarded to a player following each... — read more
Have Xerox advised Aston Martin F1
It is incredible that as soon as Xerox sponsor the Aston Martin F1 Team their performance goes backwards. Despite having Adrian Newey join the team, the car is at the back of the grid ahead of the 2026 season. No doubt the CMO will be smiling and... — read more
Legacy Xerox Employees tossed the Global Imaging Playbook in the trash.. so why not Lexmark’s?
Legacy Xerox Employees like to turn you in / setup red tape as much as possible.. almost purposely trying to add on multiple layers so that absolutely nothing gets done…. Things went out the door when the company they purchased to be the true... — read more
Let’s get the truth straight here
Lexmark was purchased by Xerox. Yes Lexmark is owned by Xerox. BUT... Lexmark the company has not yet been disolved. SO.... Lexmark employees are still getting pay checks from the Company Lexmark. But lets be honest. Legacy Xerox no longer exists... — read more
Let’s get one thing straight here
There are no LEXMARK employees any longer, you got bought by XEROX and are therefore all XEROX EMPLOYEES now. There, has that now sunk in.
Bad Divorce not a buy out
As a legacy Lexmark employee the last few months feel like my parents got a divorce and we were left with the dysfunctional family; whom parents lie to themselves, go on spending sprees and are barely able to pay the rent at the end of the month.
After Chapter 11 - How close is the future?
Whom is going to pickup Xerox when it goes up on the block? Will Xerox split of ITSavy before the print and copier business goes up for sale? And how many months do we all think before we start these steps?
The comparison…
… between the weekend of Bandy 🤡, CB chuck, our CMO, our sales-operations-but-don’t-know-anything-head and the other EC members. Counting their money. Putting the future of the company and any thought about employees at the back of their mind. Making... — read more
Hard to recognize this place anymore
The culture here has shifted so much. There's this constant political game now, with people deflecting blame just to stay safe. They brought in outside hires who brought their own drama with them. Some folks have been here forever but are in roles... — read more
Remaining 50% lump sum US Pension option
Mar 1st is when the funding of the US pension will be announced. What are the chances in underfunding, forcing everyone to take the annuity vs the 50% lump sum? Did they really back date the last notice when the took the 100% lump sum down to 50%... — read more
End of the Day with (YouTube Guy)
Dude is such a goober. His loyalty/praise can be bought with a steak dinner and a thermos with your logo on it. Should you fly him out to a print show or investor event, he’ll even provide strategic guidance (see his comments RE: Kyocera & XRX). RS... — read more
$450M loan? Pay the divvy!
https://www.stocktitan.net/news/XRX/xerox-holdings-corporation-declares-dividend-on-common-and-preferred-fpsj70d1phfg.html
IP JV - A great way to protect IP and prepare for Chapter 11
The more I think about the JV and the future I'm starting to see this as a excellent legal way to protect the IP in filing Chapter 11. We don't fully own it we are licensing it; claims of debt holders may not be able to make claims against it. A... — read more
Time for action
For all your rumour and conjecture, it remains there is a singular point to be focused on - despite the tactical acquisition of Lexmark, revenues continue to decline, profits are hit, cash flow is a challenge. The IP ‘JV’ is simply a payday loan... — read more
Well someone got their money
So did we pay ichan out first so he got a great price so we could then effectively dismantle 2 business down to bits they could sell off.
EC achieve anything?
So the EC schlep to Lexington this week, spending first class money we don’t have, having another day off work and away from clients. But did they actually achieve anything that could not have been done remotely (or even at all)? I no the answer is... — read more
6 to 8 months
Sounds like the board and SB are expecting some sort of financial difficulties from now to 6 to 8 months from now. Just what I got from those announcements/buttering us up.
Sales Re-Organisation - it’s just shuffling around the deck chairs
( Revenue decline + Profit decline ) x ( ineffective SLT/EC + ineffective sales ) = THE END
New loan and amortization
Just incase anyone was wondering. Payments on this new $405M loan work out to roughly $49,931 PER DAY 365 days per year until march 30th of 2031... and on April 1st 2031 Theres a balloon payment due of just a hair shy of $323,000,000. OR $69,827... — read more
Branding
We need to change the Xerox logo to Lexmark Green so that it doesn't think people of all the bleeding of money and people that is happening. Green is a much more positive color.
Is Carl Really Gone?
Think about this for a moment. Carl was brought on “board” and so followed our CEO who Carl brought with him. Eventually they bought our Carl who was known for selling off pieces of companies until nothing was left. I think our CEO is still aligned... — read more
Sales Operations is non existent
We saw yesterday the announcements about our new sales orgs. We need our sales people to now move FAST but there is no support. Sales operations is now managed by RB (reporting to loss-making-CB) who wouldn’t know a customer or account manager if he... — read more
Did we just get partially bought out?
https://investors.xerox.com/node/31106/html We now have to pay to use our own intellectual property (names and products): "Under that agreement, Xerox and selected subsidiaries retain worldwide, royalty-bearing rights to use the contributed IP... — read more
Covenant = Default (Bankruptcy)
The recent news about the joint venture of TPG, states that IPCo (A bankruptcy mechanism organization) now owns Xerox IPO. In the new agreement there is a revenue covenant clause, that states certain thresholds for maintaining branded revenue... — read more
Adding more debt!
They just borrowed another 475m at an 7.5% interest and a 2% royalty on top! They call it a joint venture. ROFL