REUTERS: Xerox Corp beat fourth-quarter profit estimates on Tuesday (Jan 29) as it reined in costs, but its revenue dropped more than expected as businesses continue to cut spending on printers and photocopiers. Read more at... — read more 

Given this site is ultimately about layoffs, let's revisit THE FACTS as the Q4/FY2018 results were just released. As I stated in a previous post (https://www.thelayoff.com/t/W0VxvHI), Xerox is restructuring at a consistent pace from previous years... — read more 

XRX is out of ideas and creativity - they are mired by clueless management (led by Visentin) that is subservient to Icahn and his band of mercenaries. When companies cannot grow the top line, they start slashing expenses (ie employees) in the hopes... — read more 

Remember, there's a process for submitting your input! We all know you have something to contribute, make your voices heard. https://www.youtube.com/watch?v=vhZRi2x8mk0

With publicly traded companies, often times pressure on the stock price and devaluations of credit ratings cause those in charge to make short sighted, rash decisions. This is what is occurring now. First, Xerox's processes are awful. They are... — read more 

5-7 affected

It looks like there might be some corporate accounting layoffs today. This is just based on what is happening around me.

I am telling you all right now, if you have debt, get rid of it. NOW. Anyone who is living paycheck to paycheck and in debt because of mortgage, cars, student loans, credit cards, you need to sell that home you can’t afford and downsize. NOW. If you... — read more 

Was told there is a tomorrow for West Coast folks that has to be attended in person. Anyone with any information on what that could be?

Xerox has become such a toxic company with all the uncertainty, stress, politics... I've found myself considering handing in my resignation and applying for work at McDonalds, just so I can enjoy a peaceful and frustration free life at least for a... — read more 

It's a safe assumption. The cost associated with the recent Reduction In Force (RIF) was realized in the fourth quarter. All imposed efficiencies had to be completed before the end of the year because the 1st quarter will be hugely important from the... — read more 

There are rumors in Europe about De Lage Landen (DLL) as buyer of the leasing unit. Anyone else heard the same thing? What about in the US?

With 4th quarter earnings announcements coming, and some sort of strategy also coming early February from JohnV, it seems likely no layoff actions will come before then?

https://gisx.com/ This update occurred within the past week. The site now has the Xerox "look". So far, it appears the GIS senior leadership team has been left intact. Let's hope it stays that way!

Moving to lower cost facility in Lisbon

I'm curious if anyone has decided to forgo severance and pursue legal action instead.

The American operation is in complete disarray with no realistic path to correction. American leadership is disrespected for good reason. The American operation will continue to shrink as Canon, HP, Ricoh and KM run circles around xerox products... — read more 

I’m pretty sure the rest of the office technology world is laughing as Xerox CEO says there is no more global imaging. Last I checked, global imaging still does 1/3 of its revenue from businesses selling products other than Xerox. Imagine the... — read more 

I wonder when Mr Feldman will take a look at the very high priced global field executives who make $800k + to help global be global. Eliminating revenue generation positions to allow overpriced fake executives to coast in an unaccountable reckless... — read more 

) On June 21, 2018, Xerox Corporation (the “Company”) announced the appointment of Steven J. Bandrowczak as the Company’s new President and Chief Operations Officer, effective June 25, 2018. A copy of the press release announcing the appointment is... — read more 

EX-10.4 6 d430950dex104.htm EX-10.4 Exhibit 10.4 EXECUTION VERSION XEROX CORPORATION May 14, 2018 John Visentin Dear John, Xerox Corporation (the “Company”) is pleased to extend to you an offer of employment as Vice Chairman of the Company’s Board of... — read more 

The departure of the Xerox Channel chief was explained by the called-off merger with Fujifilm and the ongoing restructure within the company. What can the workers expect? Is there a possibility that this spills over on lower levels, resulting in more... — read more 

I know somebody mentioned layoffs that happened on 12/31, but have there been any layoffs so far in 2019? And if not, when can we expect them? Not having any layoffs chatter is just making me more nervous, like something big is coming our way and... — read more 

Based on the Mike Feldman webcast yesterday... Global Imaging is no more.... The new unit is now called XBS. What does this mean for the cores? God knows... Yet, they did manage to be creative and they screwed up our health insurance plans as well as... — read more 

Is it normal not to have received severance nearly two months after being laid off?

It’s over Name change announced Health care plan combined 401k reduced 40 cores to ? 25 Centralized service hr it Accounting billing going offshore Real estate closing Sales compensation changing Management compensation reduced

I took the VRIF at 59 with the understanding that they would provide a health care supplement ($290.00 monthly) until 65. Well Friday I called to ask why i hadn't received the supplement for the January insurance payment. ($719.00 monthly) They told... — read more 

This thread is about kickoff 2019 and is a place to share your thoughts on division and team kickoff. Did executives provide you with a sound vision and strategy for the year? Did they increase your comfort level with job stability? And for upcoming... — read more 

Will this do us any good in the end, though? As they start 2019, Norwalk-based Xerox and Stamford’s Pitney Bowes continue to remake themselves by relying less on old-line technologies and shifting their focus to digital services... — read more 

Any chance somebody here can tell me if unused vacation is paid if you decide to quit on your own? I know it used to be the case, but with all the changes that have been implemented at Xerox lately - and none for the better - I wouldn't be surprised... — read more 

Many have commented on John V lack of vision and strategy. His educational background is rather weak and he lacks any advanced degree. It’s not unprecedented, but disconcerting for someone to be selected ceo of Xerox. Ultimately, he’s just a talking... — read more 

More layoffs today 12/31 in sales as they move more accounts to GIS

Remaining Employees should simply do less work. Leave on time. Don’t put in extra hours. Don’t get me wrong, be kind to your coworkers when possible and continue with quality. There’s no need to add further stress. Xerox will never repay you for your... — read more 

benefits 401k back office going good people leaving compensation changes Happy New Year

It is sad that times have changed over the years that there is no longer a sense of American business and the relationship they have with employees and the communities in which they were founded. I know it is happening other places not just Xerox but... — read more 

My guess is the strategy announcement in early February will give them "cover" to go public with the layoffs going forward. They will spin them as "realigning with the new strategy". My fear is that the new strategy will enable or require much larger... — read more 

I know some states allow for unemployment in addition to severance, but I just heard that the moment you receive a job offer that unemployment stops. Is this true? Literally any job offers stops the payments immediately? So what happens if an... — read more 

January is getting closer and there is still very little info about layoffs. Do we know anything new? Do we even know for sure there'll be layoffs in January?

Last week for the first time (too busy working to take time off) since being laid off in October, I decided to assist my husband with Operation Food Basket. As we were driving to Xerox I was consumed with anxiety over returning. Once we made the turn... — read more 

I hope that 2019 is the year when Xerox starts treating its employees with dignity and respect once again. I know it's most likely just a pipe dream, but this company used to stand for something and people loved working here. Today, fast food... — read more