I know there are people who are hoping Xerox will turn around and we'll once again have job security and better work environment and pay and whatnot. My question is how? How can this happen? We are part of a dying industry. If we pivot one way or another people who are currently employed will have to be let go because they'll become obsolete. So please explain to me, how can it happen?
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I think what many clearly are missing, Xerox is moving away from a direct sales force to a privately owned dealership model. The same as the competitors. Reduces overhead significantly on Xerox while passing the buck to dealers. If you step back and look at everything that has transpired over the past few years, this is the only logical explanation. Be assured, Xerox will always make copiers and printers, but if you are a direct employee involved in a sales or support office on the direct channel or supporting that channel, your days are numbered...
Industry has challenges but equating xerox issues with other players is not informed. Only one that comes close to x precarious position is ricoh.
No. it is over. This round cemented the final death throes. No attempt to shore up core competency printing any more. Delusional gambles on new "stand ups". Ichan just loaded up on more stock so guessing this is his last attempt to fool the market and sell out by next year either on a high (unlikely) or cut his losses like he did at Hertz. He's not waiting for the tiny returns from 3D IOT or CleanTech (ha!), he knows those are smoke and mirrors. Xerox only exists as tiny IT company in Cary, with single digit stock. Carl cronies all moved on fully enriched, and a zombie company shambling forward until rigor mortis sets in and finally shuts it all down.
I'm not a Xerox employee but I work at a closely related company which has same problems. Our company has had significant downsizing in the last 2 years. The best thing is to downsize and carry forward. Printing will continue, pages will still be printed, machines will still be serviced and purchased, ink/toner will still be sold. Not a good company for a young person to join but the world is not ending. I understand there are layoffs at Canon and Ricoh as well. Eventually the various equipment manufacturers will combine to survive. A very sincere good luck.
Xerox can't turn around fast enough, or profitable enough, to satisfy I-con. Even if we could, the industry is dying. Covid is just bringing the end earlier than it would have happened anyway.
Xerox is dead!
The pandemic is ending and companies will begin to hire again. The Xerox brand is valuable on a resume. No one likes doing it, but you need to update your resume. Use a professional service to check your resume, the insights they offer really pay off. Update LinkedIn and remember what Joker said, "My mother always tells me to smile and put on a happy face"
There will be no Turn Around. Do you believe all the "One Boat" and "Tech Powerhouse" nonsense? Xerox had many chances to Turn Around but failed spectacularly. The guy running the show is a vulture. You ever see an animal Turn Around after a vulture gets at it? And that's no slight on vultures. They were n't the cause of death and they provide an invaluable service. I think the following applies to xerox perfectly:
"Vultures play an essential role in maintaining a healthy ecosystem. These misunderstood birds fly in to pick decaying carcasses clean, thereby helping to prevent disease outbreaks. A world without vultures would be a foul-smelling place filled with disease and carcasses across our landscape."
A good place to work? Doing what?
In Rochester NY we saw this play out with our family and friends that were with Kodak. When it got near the end at Kodak - jobs went super fast. At Xerox are we getting close to the end? Carl Icahn is about a win only for his stock trade, not about the customer or building good jobs - the Xerox brand name will continue (like Polaroid) as long as it has value. But, will we be known as a good place to work? I think we see how it is to work for the "new Xerox" right now.