I read in the Q2 financial report that the quarter end employment number was 16,600. Does that include Lexmark personnel? If yes, that means prior Xerox people remaining must be around 12,000 or so world wide?
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I heard executives from Kmart, Montgomery Wards, Blockbuster and Sears are pooling together their lunch money for buyout of Xerox. They think Xerox management could be better.
100% of current zeroids (that aren't already HCL, etc) will be laid off this year, followed by 50-75% of current lextards being laid off and/or sent out to pasture at third parties.
I would estimate the number to be 50 to 75% of whatever the current LEX headcount is but would expect it to come mostly from the XRX side.
Anybody know the Q4 IRIF percentage? I hear it will be mighty.
@mc What do you mean?
@mc of course...that's how they would find out.
Some people are already seeing their names in Lexmark groups on Teams.
@ba Lots of the IT infrastructure use Java. It is still an excellent server platform for business/custom apps. Client side, not so much.
"You don't say? Want to guess which parts of legacy Java are used in applications sold by the Tech Power House today?"
Some of the production printers still use swing, but it's legacy and basically in maintenance mode. The office products do not use swing, but do use Java for their GUI. Many applications running in the back end at xerox that both production and office products interface with use Java enterprise (like most Fortune 500 companies.)
@ba I agree must be traumatic syndrome disease or complete ignorance
More tech powerhouse guy please!
More Java please ! 🤮
Lexmark closed in Q3 so it’s only Xerox people. What is 16,600 less 25%? After the next cut 25% should be 12,450 left standing so about 4,150 to be IRIF soon
Maybe not swing and AWT, but there are plenty of legacy applications that use that.
You don't say? Want to guess which parts of legacy Java are used in applications sold by the Tech Power House today?
I feel like somebody here got molested by java. They are just going on and on about java, it's still one of the top programming languages out there. Maybe not swing and AWT, but there are plenty of legacy applications that use that.
Agreed! 28K of employees for xerox @ 468 million market cap is insane.
Compare with say a wildly more profitable and java-less company like Dollar General: 24 Billion market cap, 185K employees or $125,730 value per employee. Xerox employee count needs to be around 3,600 to achieve that. This would coincide with Kodak’s 3700 employees and 468 million market cap... Good luck everybody.
@a8 Christ you still on that rant? Ok ok we know you hate JAVA….
Move on will you…
How many of those employees had to work with the horrible Java UI ? 🤮
Remember back in the 90s and early 00s when XRX had 140k employees worldwide? How the mighty have fallen.
@OP no I don’t think so. 16k was probably all Xerox personnel- so I think the Lexmark is extra. If accurate, 28k employees for a 490mill company is mad.