In case you're interested in how Carl operates, check out some of his other companies listed on this site. Look at https://www.thelayoff.com/xerox or https://www.thelayoff.com/conduent.
You can all kiss your benefits goodbye unless you're in a union. Jump ship at the first opportunity, life is about to get miserable.
Restructuring incoming. Get ready for loss of unnecessary positions.
Xerox has just announced that the 401K match for 2021 is cancelled as well. FirstEnergy employees - run for higher ground! You are about to ripped off in ways you never thought possible.
Office jobs will be outsourced to Guatemala, Philippines and India. No more raises. Older, higher paid workers will be targeted for the unemployment line. Bonuses for the highest corporate level will be based upon cost cutting metrics. The pandemic is ending, start looking for jobs now!
At Xerox we lost all of our 2020 401K matching contribution. This is after they decided to make the match a lump sum contribution at the end of the year. This allowed them to deprive everyone who gets laid off during the year their fair share of retirement benefits.
Then there's healthcare. The worst, most expensive, highest deductible plans offered in the country. Watch health expenses eat away at your income.
But don't worry, Carl is going to get his money. He'll pay exorbitant dividends to the shares of stock he holds.
You've been warned!