About a third of our team was sent packing with a very meager severance package. Company is getting desperate. Poor financial condition stops new sales which worsens financial condition which scares new customers away. Death spiral as they circle the... — read more
Conduent now at JUNK rating!
Moody's downgraded Conduent to B3, which is the equivalent of junk status. Too much debt - and now difficult to fund its operations given the high borrowing costs. New CEO Harsha Agadi not making any progress.
New CEO Harsha Agadi claimed he was a co-founder of WNS. I did research and not tried. The only think I see is he ran Church's Chicken.
Seems like an ego maniac ---- since he has been on board as ceo the stock has gone 50%. Said he was friends with Apple founder - again at best an exaggerator at worst a lier.
Whole Leadership Team Turnover
Surprised it took so long to occur. That last crew did not perform at all. Did a lot of bad stuff to lower ranks - intentional or not. Stock price at $1.38 today.
Director
It's starting to show that C suite leadership is not effective in growing revenue, continuing existing client relationships or has an effective plan for the future. Look at the negative growth for years and years. Quarter after quarter of... — read more
Conduent RIFs 5/16/25
Was RIF'ed today for the Health Equity Contract. Very disappointed but, grateful for all that I learned. I knew something was sketchy because, the workload decreased. I honestly don't even feel bad because this is happening all over the US. It's just... — read more
Conduent is a joke of a company, my advice is to stay clear
Terrible leadership, they can't even explain the services they offer. Solutions are o!d and they sold off the only good ones they had. Volume of work is going down and they are losing more contracts than they win. CLIFF spouts off about growing the... — read more
8.5 TB of data taken from Conduent
https://www.comparitech.com/news/another-ransomware-gang-says-it-breached-it-giant-conduent/
FYI more layoffs coming
Exactly what the title says. Bunch of folks from our COPC team were let go already.
I lost a fortune coming to Conduent from Fiserv
Fiserv stock when I cam $90, today $235 Conduent stock I received $11, today $3 Thanks Cliff and Chris K. I cant pay for my daughters college of my mothers assistance --- what an id--t I was to of listened to both of your lies!
Greed
The company seems to get greedier as time goes by, and I understand that’s just business, but trying to save a dime they end up losing money. I feel this cyberattack was done by someone in IT that either had their position eliminated or was about to... — read more
Systems are a mess.
I’m sure our jobs are at risk with another situation with our systems security. Clients will leave. It’s time to get my resume brushed up.
Nearly 400 Conduent layoffs in April. Last month.
Check the New York. WARN notice site.
Demotion
Good thing Tracy got demoted. Letting 80% of your leads sit idle costs you millions of dollars as opposed to running anonymous 360 feedback reviews. She / he / they deserves a PIP
Cuts before the end of the month
How true are rumors about more cuts in March?
Results also known as shareholder returns matter!
And unfortunately no matter how many phony accolades HR drums up the company hasn't delivered and the share price is the only metric that matters. Don't drink the cool aid until you take the stock price to $20 you losing!
This company is a joke.
Period. Inept management, good old boys club, sheer stupidity.
Stock Down
Will be in the $1 range soon. DCOPS2 will be another financial and operational disaster. Delisting and Pink Sheets sometime in 2024
What is the strategy to restore shareholder value?
5 yr high $22 share price, today $3. What is the game plan to return value to shareholders. I also agree with last post, time to get rid of all the high paid bureaucrats who add no real value. Start with all the functions, especially HR, us... — read more
Ok time for tough medicine.
My advice - eliminate everything and everyone who is not driving or creating tangible value. That is the only thing that will make a difference short term. Stop thinking we are some big conglomerate, time to release all nice to haves.
1Q Earnings
Nice job on 1Q Earnings Conduent. I read the transcript and Cliff steady talking about the company is turning the corner lol … Stock below $3.00, that’s crazy !!!
Conduent
What is the Conduent severance package? How many weeks?
big layoff today 12.15.2022
heard the news today that several of the most tenured operations and IT staff in my division were let go. maybe b/c they were making the most money. but if you asked me who you should never let go - it would have been these people. they all had 15-30... — read more
Conduent lost contract with Humana?
Thousands of hourly workers scheduled to start a contract with giant business services company Conduent on Monday October 3 told the deal is off and to return the equipment they supplied them.
Tough Situation
I feel for the good people. Seems to be headed to an auction.
There are no winners
It's been a little over a month since the last layoff round and I'm at the point where I wish I was among the laid-off group. We lost several people and since then we've had to do our and their jobs with no indication of when we might get some... — read more
Lay off from June 1
Anyone else let go yesterday? I know 4 people only.
Pays to play with the big boys, no matter how badly you perform
https://www.marketscreener.com/quote/stock/CONDUENT-INCORPORATED-32683206/news/CONDUENT-INC-Change-in-Directors-or-Principal-Officers-Other-Events-Financial-Statements-and-Exh-40596605/
Shorten Hours
AHA (remote) workers are having hours shorten for the past two months now. Its just a mess.
More cuts before the end of April
There's talk about more cuts before this month is done. Can somebody confirm this?
Hiring freeze
I personally know two people who are employed during the hiring freeze. On the other hand, my workload hasn't been reduced at all, in fact, it is higher than ever. Does anyone have any idea how many people total were employed during the hiring... — read more
Discrimination
I was discriminated against last week and twice. Where to get help?
Is Conduent is truly diverse and at the top?
They claim to be LGBTQ and women friendly . . . However; all the women at the top are White. Why aren't there any Black, Asian or Indian females in the C Suite?
Aversion to skilled people
Not only do those who are knowledgeable and high performers have more work to do, but they are exposed to much more pressure due to micromanagement, exposed to more criticism, and so on. I sometimes feel bad when I see how my superiors treat the... — read more
2022 and 2023 Outlook
What happened to the growth? Revenue is decreasing by $200 Million in 2022. Cliff is saying it is due to COVID stimulus going away. What the heck is the Sales team doing besides getting paid. What a train wreck … Conduent is supposed to be... — read more
A lot of damage is done
The best of the best are long gone. Conduent did its best to get rid of the most talented ones who otherwise might have stayed here longer. I don’t know how is the situation on your team, but we are missing some of those people a lot. My team is... — read more