Buh bye. Who's next?
33 replies (most recent on top)
@rf And what would you expect the SEC to do? Loan us some money?
@rf what do you mean 'topics openly joked about"? Among who? And what thinking or conclusion is this supposed to generate?
Summary
I am reporting concerns that certain business and financial practices may misrepresent revenue quality, customer incentives, and debt-related risk to investors.
If you care about this company. Go to the SEC.
⸻
Key Concerns
1. Debt and Risk Disclosure
The company appears to be increasingly leveraging debt against trademarks and other intangible assets. The associated risk may not be fully or clearly disclosed.
2. Aftermarket Revenue Reporting
There are concerns that aftermarket revenue may be overstated or inaccurately reported across U.S. operations.
3. Account Repricing Practices
Profitable customer accounts are reportedly being repriced or “upgraded” by up to 50% without clear cost or operational justification, raising concerns about sustainability.
4. Customer Incentives Labeled as “Cash”
Incentives described as “cash” appear to be financed concessions rather than true cash payments, which may be misleading and distort deal economics.
5. Governance and Controls
These practices raise concerns about compliance with internal ethics standards and the effectiveness of internal controls.
These are topics openly joked about.
Think about it.
I predict no answers tomorrow on the call. No merit increases. Surprise move announcement?
Do we know where or what groups the layoffs are coming from? I saw other threads here mention HCL however Xerox has higher up Engineering/Dev with HCL. Some HCL are client facing on accounts. If that is all going away and those people aren't going back to Xerox , Xerox is in deep trouble.
@h3 not true. Fired is fired. Future employers think you were chosen for a reason.
@gd It wasn't a firing.. the person was laid off.. there is a difference. In the term of how it looks for future employment.. being laid off is generally viewed as a employer change where as being fired is generally viewed as an employee issue by future employers.
@ga well said - half the people on here are off topic. Wtf??? The thread starts off with an alleged firing and then taxes come into play. All everyone needs to know is it doesn’t matter if XRX moves to KY or not - they in the sh-t. Regardless.
The discussion is about corporate tax savings related to moving HQ to Kentucky which there is none. Try to focus. There may be minor EXPENSE savings from facilities combination, but the current presence in the Norwalk facility is tiny. Most work from home.
@g5 FYI KY is more of a purple state with quite a bit of Blue elected mayors and current governor.
Moving from a blue to red state. Because the dim's states are a high tax failures.
"So your saying that selling buildings and other holdings in NY and using KY property would have no savings for the corporation"
Consolidation of real estate would save the corporation money, regardless of whether they have headquarters in CT, NY, or KY. Of course there are corporate tax savings that are different based on where the corporation is headquartered. It doesn't make sense to have all this real estate on the books, no matter where it's located, when much of it isn't being used.
Drive through the Webster campus recently? It's a ghost town. Half, maybe more, of the buildings are pretty much completely closed. The other buildings have nearly no people in them, as people are still working remotely most of the time.
No
@e2 So your saying that selling buildings and other holdings in NY and using KY property would have no savings for the corporation?
@fm The benefit doesn't have to be only Corporate it could be for SLT saving funds on income taxes. In addition you can get lower costs of labor in KY then New York.
Many businesses and high income earners are moving out of high costs states to lower cost states.
New York has a significantly higher income tax burden than Kentucky
, featuring a progressive system (up to 10.9%) and some of the highest combined state/local taxes in the U.S.. Conversely, Kentucky uses a flat, low-rate income tax (4.0% in 2026). New York is ranked among the highest-taxed states, while Kentucky offers a more favorable, lower-tax environment.
New York Income Taxes (Higher Burden)
Structure: Progressive income tax with nine rates ranging from 4% to 10.9%.
Top Rate: 10.9% for extremely high earners, with rates of 9.65% starting at lower thresholds.
Local Taxes: New York City and some other areas impose additional local income taxes.
Overall Burden: New York has one of the highest state and local tax burdens in the country.
Kentucky Income Taxes (Lower Burden)
Structure: Flat-rate tax, which is 4.0% for 2026.
Top Rate: 4.0%.
Local Taxes: Some local jurisdictions in Kentucky impose their own income taxes, but the state rate remains low.
Retirement: Kentucky is tax-friendly, with fully exempt Social Security income and significant deductions for other retirement income
Ok one of you down arrow id--ts explain the tax benefit of moving HQ to Kentucky.
@cf you are right. There is no logic nor any business rationale. It is just what the fat Lex men say so. And they say so with no knowledge or understanding.
@d5 moving to Kentucky has no effect on state taxes.
@cg don't forget relocating the business to Kentucky to lower state taxes and be to closer to the new masterminds that will rescue the sinking ship.
I can do the town hall right now. Headwinds, synergy, reinvention, tariffs, employees failure to execute. No raises, except for Bandy and directs. Tough decision made to cut another 25%. Suspend divided. Increase F1 sponsorship. Get back to work.
Wow, you guys su-k. Locations, role, organization has absolutely no bearing on when your turn will come. I IRIF’ed over 60 people and I can assure you, there is no plan of logic. You will all be gone by summer so what’s the difference.
Feb 13th and Valentines right around the corner.. remember to not make any reservations until your sure you can cover the check.
Some real winners here. And spell check is not one of them. But I think the point has been made.
Wow. You have some really sympathetic people on here.
These people would go to a funeral or a wake and scream “increase the dividend!”
She me real winners here attempting to give advice and talking down to everyone else. What a piece of garbage. Totally.
"No location, no organization, no job function, no details ... why leave that all out? A random "I'm gone" post is useful to nobody."
Right. Nobody cares that they're gone, they just want to know what happened, where, department, etc. Sad to say but it's true.
@ba it's not fake. I was also let go today.
@ba it's not fake
I was let go today also - IT/Webster.
Stop feeding the trolls. Of course it’s fake. Start using critical thinking skills.
No location, no organization, no job function, no details ... why leave that all out? A random "I'm gone" post is useful to nobody.
I can't believe people come here, say "i've been laid off" and give absolutely no detail.
@ah sorry, I meant "we will have a town hall meeting this Thursday, Feb 5."
I am very sorry to hear that.
May I ask what was your department and where are you located?
You will have a "town hall meeting" this Thursday and I have a feeling something big will happen.
I wish you well.
@OP so sorry! Where are you located?