The stock market is in bubble territory and Xerox is overrated due to profit margin growth on the back of employee, building, research and investment cutbacks. Anyone in tune with investing fundamentals knows Xerox is seriously in trouble. Without a merger with HP, Xerox is dead from lack of investment in future technology and manufacturing shortfalls. Point being, HP wants nothing to do with Xerox and will fight this stupid merger attempt to the grave. Why merge when HP can buy the remnants of Xerox for pennies on the dollar when the company collapses in a year. Fundamentals people... Unless you are clueless, it’s time to leave Xerox. Those that stay, will look back in a year and regret not leaving. Save this post, because I promise it will be true. I promise!
6 replies (most recent on top)
Well I think that was the point of hcl rebadge. They work with you to document your process and cross train someone else to cover your role rather than just walking people out the door.
Although we know how great the hcl transition is going. They cant read or write so I guess in the end it doesnt matter
Agree totally with this analysis especially regarding spineless management rolling out these cuts without putting up any fight back. Nothing but "yes men" in management now, they are mostly in collusion due to their incompetence and inability to move to similar roles in other companies. Hanging on to the end is their only viable strategy and they will do whatever to stay in position.
@weo+13fjoRoO is absolutely correct.
"So many gaps on business teams with no planning on how to fill them. It’s literally just “get rid of that team “ with ZERO knowledge of what it damages.
What makes it even worse is the senior business leaders that don’t stand the ground on insisting on what the removals will do to the company.
I guess if you yell enough and bully managers in meetings enough, people become complacent and just do as you scream even though they know it’s completely devastating to everything required to survive"
This is 100% correct. There has been a HUGE impact to several business units & teams, where a SME or critical resource was walked out and now the processes or systems they supported are in shambles. And these aren't small or financially unimportant systems. In a perfect world there would have been backups in place and all processes fully documented so someone could come behind them and pick things up and keep them moving. But we all know over the past few years there's been zero time or available resources to cross train anyone, or spend time documenting every step of a process. So now that the person responsible is gone, the damage is orders of magnitude higher than the small savings Xerox got by offloading their salary and benefits.
If they really cared about supporting the business, stabilizing things, and then improving, they would allow mid-level managers to veto IRIF submissions. I don't want anyone to lose their jobs, but if the EC team mandates XX amount of cuts there are better ways to do it than walking a critical SME out the door.
"Failure is the only option because it’s the intent"
Again, I have to agree. The only reasonable explanation for what the Xerox EC team is doing is that they WANT this outcome.
Still lots of cutting left to do before things get apparently bad - I say 1 year is too short but u will see things collapsing within 3 for sure.
Well I keep getting emails about how we are #1 in marketshare so i assume we are doing better than the other companies. Yes the market will continue to shrink but there is still plenty of business out there. Especially if some companies merge or collapse.
AGREED!
An option for HP is to takeover Xerox and collect the real value in it (patents, technologies, properties, clients, BRAND) and then “nuke for morbid” all the rest. Notice there is no mention of saving a single job. People are clearly not needed after the purge.
Think people, think!
Carl has both hands in the companies so which one is going to play that stronger deal?
Xerox is toast and so is everyone that works for it. There is no way the customer base is going to stay loyal to the brand at this point unless the brand has a massive change and becoming a child to parent HP may just be that needed move
Xerox is a MESS right now
So many gaps on business teams with no planning on how to fill them. It’s literally just “get rid of that team “ with ZERO knowledge of what it damages.
What makes it even worse is the chicken s__t senior business leaders that don’t stand the ground on insisting on what the removals will do to the company.
I guess if you yell enough and bully managers in meetings enough, people become complacent and just do as you scream even though they know it’s completely devastating to everything required to survive
Decisions made by a fool and followed out by spineless servants
Failure is the only option because it’s the intent