RIF planning now in the works. They did not even make us sign an NDA which is unusual.
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I think it's zero, it's been scooped
Does anyone know what the redundancy package will be like in the UK? Currently waiting to find out..... #worried
@b2 I have been made redundant as of the 15\11\2025 so you are a L**R
@OP I will be made redundant from xerox In November 2025 so I can say that it is not rumors it is real.
Prayers out to my Xerox coworkers affected. This is not the end of the road for anybody but the next step. Good luck on your journey! It's tough today, but it will be ok.
Confirmed layoffs for October. Worldwide organization received the news today. Reasons cited are role overlap and restructuring purposes to reinvent the ways in which customers/employees can be better served as part of the new transformation. But we all know it’s the shareholders and them wanting to regain the money recently spent on the acquisition. As a qu--r woman of color, this is terrifying and devastating to my other colleagues as well.
I wish Xerox would realize that the customer experience has been completely decimated. The company is focusing on Metrics that if attained will eventually push most of the customer base away!!!!
@241 how do we know this is not some bullsh-t
Nope
@b2 Names were turned in 2 weeks ago for Oct 15 percent of staff for service.
Spending freeze never applies to the senior level, nor should it.
@xb Thiis exactly what’s happening. But it shouldn’t surprise anyone. Anytime there’s an acquisition a bunch of heads get cut. BAU at Mother X
@m9 who? Initials please?
Employees at both companies should have been making an exit plan well over a year ago. I'm being told Lexmark and Xerox execs are trying to finalize which parts of Lexmark make sense to keep/outsource or remove. Lots of travel between sites from the exec team. I'd expect the India/Cebu sites to grow.
Removed the DEI hires first.
@gs Interesting that two high-level people an Exec and a VP were able to both travel for this trip when there is now a travel ban if travel does not meet specific requirements.
Bruno was the first rat jumping from the ship.
Louie Pastor and Kim Kleps recently visited Lexmark Cebu R&D site...they said Lexmark people are strategic for Xerox future.
Stock closed at $3.69 today. All upper management are puppets and toxic. Protecting each other until the game is over… I’m surprised they are still in business.
@b2 I bet you there are. They want changes made in Q4 so they can show a change by the end of the year (more bonus for them) and have ready the new “streamline” organisation for the start of next year. They/them = ineffective SLT so not the people who do the actual work and know clients and know process and know how things really work.
OMG @bd that cr$p was funny....
@b2 You think this floating terd won't need several flushes. Think again.
@aw Agree first round should be Executives, SLT and SLT next level need. Those are some big salaries and their has to be duplication between Xerox and Lexmark. Then those leaders left can do some work to determine any excess in the working level employees. This is just common sense; but common sense does tend to be an elusive skill of executive leadership (especially in the HR area who should know this).
I was offered eight week severance
More dividend please!
Layoffs are inevitable- you can’t be a 490 million usd company and employee 19000 people. It doesn’t work. Hate to say but the layoffs should have happened a long time ago - this is unsustainable. It’s a horrible situation but there is no profits coming it - well minimal at best - so the only way is to cut employees. This is the point of no return.
Nobody's getting laid off in October.
Lexmark employees most likely to be affected by this as well if this is true. Upper management need to be looked at. Service has already been deeply affected by last round of layoffs 2 years ago.
@ad Not fake news. You are either trolling or an absolute mo--n to think that there isn’t a 2 part action planned.
Fake news
@a3 It is true. 15% again.
They said as much in the town hall. The CEO said he was disappointed and “difficult decisions” would be made. No one was surprised when we got the assignment to cut heads.
If true, will all happen before earnings call. The lower the share price, the more people need to be fired to appease Wall Street
Doubtful it is that openly out there.
But if it's happening, what are employees supposed to do? Start working really hard, show their value and how they make a difference and hope they stay off the list? Or would the list already be made? Or does the Manager just get to keep their favorites and "yes" people like they usually do?