If we had a honest fireside chat right now the following would need to be said; please add what else you think is missing
· Xerox currently has a hiring and retention talent problem where we can’t hire or keep the right level of staffing. (Stated in 10k)
· Xerox currently has 15-25% staff within positions that need to be re-organized into GBS positions sooner than later.
· Xerox currently has 25-45% staff that need to be released with 25% being residue from the purchase of Lexmark.
· Xerox when purchasing Lexmark made a mistake by acquiring $1.5 Billion in debt above and beyond the debt we already had on the books.
· Xerox will not be able to make debt payments starting in 2027 and will most likely be filing Chapter 11 in 1st Quarter 2027.
· Xerox is not paying vendors on timeframes favorable to the vendors to save money; every penny we get in interest is needed.
· Our stock price in the next 90 days will go below $1.00 starting the count down till we are delisted or transferred to the penny stock section of the news paper.
8 replies (most recent on top)
@gj The impression I got from the Cebu staff was that this wasn’t necessarily current knowledge transfer it was Cebu managers being asked to delivery a list of tasks that they could just take over without knowledge transfer.
The way I understood it is it’s more like where Cebu staff are already completing or know how to complete the tasks and currently have non-Cebu oversight. The question that is being asked Is what happens if that oversight goes away and is this oversight really needed.
The other take away I received was that Cebu team members are being highly encouraged to look for and point out areas that should be moved to Cebu when they are in larger team meetings and then report those up though Cebu managers / leadership.
@ew yeah, I'm likely involved in some of that knowledge transfer. I'd have been better off being $h1tcanned
They are attempting to cut severence costs by rebadging HCL, and offering severence based on rehire date. There goes 25 years... A$$H0LES
it's obvious that SB was delusional in his street and employee talks. Let's hope that LP at least acknowledges that SB and JB were not meeting expectations, no one wants to hear about their great contributions. JB arguably did a worse job than SB, but was asked to stay on the board by SB who the board fired. Go figure.
I was in a conversation last week with a set of Cebu staff members and they have co-workers whom are making slides on how they will cover specific tasks being transitioned with no knowledge transfer to their operational group.
@d0 Sure. Canning of SB tells us Q1 must be abysmal.
It will be below a dollar (or briefly touch below) before 5/1/26
Sums it up well.
Only thing missing is the laugh track.