Most deep dive analyst are now predicting bankruptcy as soon as 2026. Even with stock going so low nobody will buy the company.
Get what you can out of the pension fund now.
The cuts were just a show, most were at or near retirement age.
With no raises and flex PTO and no 401K match in 2026 is a sure sign of bankruptcy planning.
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Don't forget no pension payout anymore, it's been scooped.
You will never see a 401k match again. There will never be enough money. Cash flow disappearing. Look at the balance sheet and it is clear. Revenue decline = cash decline. We cannot afford to pay the debt, only refinance.
NO IT'S NOT!!!
@mj doubtful
Email said no 401k match for 2025. 401k match is back monthly starting jan. 2026.
Just leave this place already. Okay!!!
SB was never meant to lead X when brought in by JV and Ichan. It was a cascade of events never anticipated that derailed the HP merger. JV passed and SB doing only what he knows;spin narratives, creative cost reductions, acquire and sell assets. He is not an entrepreneur which is what X needs.
Yeah and Lexmark is sending the jobs to India and the Philippines. Everyone knew Xerox was doing bad, especially with losing almost all of the HCA contract to DEX Imaging.
@dp we got a list of the positions and ages of employees with our exit package. Question all you want.
@br I question the redundancy. There were over a dozen impacted last week. There were no Lexmark people to be seen, instead we gave territories to agencies. Smoke and mirrors.
Don’t spread misinformation. Cuts had nothing to do with age. They went after redundancy and certain departments lost to the Lexmark side. There were 20 year olds who got let go. I got let go and the age range was all over.
Pension had already been scooped.
Have not seen a $B shortfall reported anywhere. They will probably eliminate the 50% cash option if they have not already done so.
@a3 It's insured and they can;t touch it, but they also have a ~1BN liability for monies they have shortfalled the plan. That gets wiped out in CH/11
Pension is not part of the company and is federally insured. XRX cannot touch it, but they will never add to it. Keep in mind as the cash is drawn down, the liability decreases too.