Thread regarding Xerox Corp. layoffs

A brief history of Xerox

Xerox revenue for the quarter ending June 30, 2019 was $2.289B, a 8.8% decline year-over-year.
Xerox revenue for the twelve months ending June 30, 2019 was $9.380B, a 7.94% decline year-over-year.
Xerox annual revenue for 2018 was $9.83B, a 4.24% decline from 2017.
Xerox annual revenue for 2017 was $10.265B, a 4.7% decline from 2016.
Xerox annual revenue for 2016 was $10.771B, a 6.05% decline from 2015

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| 1313 views | | 4 replies (last August 18, 2019) | Reply
Post ID: @OP+10AXZpOB

4 replies (most recent on top)

I worked for Xerox for 26+ years, I am so glad to have left and joined a proper company, how Xerox was 15-20 years ago but with vision.
It is a difficult industry but Xerox management seem intent on making the least of what is there, no vision, no integrity and destroying a once great company.
Such a shame.

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Post ID: @1twp+10AXZpOB

Wow! Expected nothing less from this “Tech Powerhouse.” CEO deserves another raise.
Admonition to the people , “Work harder.” The future looks brighter ...

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Post ID: @vdz+10AXZpOB

“Looking Good.”

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Post ID: @flx+10AXZpOB

And Mr V can be credited with the 2019 added decline while the prior numbers reflect segment decline. Ironically the deep productivity cuts made on employees backs to inflate the share price are starting to affect renewals and new customers and is even driving cancellations by unhappy existing customers. The spiral to the bottom has accelerated under his “leadership”.

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Post ID: @pam+10AXZpOB

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