Thread regarding Xerox Corp. layoffs

This sounds like my manager posted this so we don’t all leave at once.

@e6 This is the equivalent of taking a title loan on your car to pay the rent. We will not make it through the year.

@cf They would not, except for Stevies severance. Most of these posts come from offshore admin centers where the employees are very low level, or, from shi* stirrers. Nobody with intelligence or knowledge.

@ay was think about this loan as well. Nothing concrete has been reported it seems. Who in their right mind would give XRX a loan based on the current stats? All I know is if true, this loan is a desperate, desperate measure but who knows what this management is thinking. There is hardly any communication of any substance being released to the employees. People find out sh-t like this all the time - no point being defensive, just be honest.

More desperate cr-p to keep people on board a sinking ship. No fricking way.

why would they increase severance??

@OP Did they ever get the Intellectual Property backed $500 million loan approved?
I could see them creating some nice packages for SLT with it.

I have a non-transferable Tech Power House skill-set! I'm gonna quit!

DON'T TELL ME WHAT TO DO !!!

Zip it

In the US, Xerox doesn't 'layoff' and 'payoff'. Since John V, they IRIF and give you two to twelve weeks of pay and healthcare until the end of the month.

If you have that kind of information, please give more. Some sort of details; departments, regions, how it works, etc. Don't just drop one line and leave it to us to start burning down starbucks or whatever mobs do now.

@a1 - Maybe country or region dependent ? I personally know of someone due to retire this year that received a very substantial package in late 2025, even though they were ethical and went back and said to HR to check if they knew they were due to retire in early 2026 - some decisions Xerox make are so d-mb

Not a chance. They would get nothing out of it and cannot afford to.