So why doesn't Lexmark post anything on Layoff
Maybe it's all good
9 replies (most recent on top)
@189 Lexmarker here.. WE WIN IN IMAGINING BAYBEEEEH! WOOOO LEXMARK NUMBAH WAAAAN
@188 Longtime Xerox employee here. I agree with so much of this. I’ve been really impressed with the Lexmark people I’ve interacted with so far. Smart, easy to work with, and most importantly, they UNDERSTAND the print industry. I wish I could say that about our management. Steve B has always chased the shiny ball. First it was AR, then 3D printing, then digital services, now it’s all about AI. All the while disparaging our print business, selling off our stake in Fuji, all but destroying our production business, etc. etc. By the way, we HAD all these digital services in the 2010’s but we gave them all to Conduent.
Prior to Steve B, we’ve had other CEO;s that have chased the shiny ball (anybody remember erasable paper?!) but none of them have done so while ki-ling our core competencies like this management team has.
I will say that there are a few things I think are good about what we’ve done: I think the acquisition of Lexmark was a good decision. I think getting all of our systems onto one global system is an investment in time/money/resources that our other CEO’s all punted for the sake of stock price knowing we needed to do it. So painful as it is, I think it’s the right decision. Overall, I’m still hopeful that we can turn this ship around.
@188 spot on Xerox is a complete disaster dump fire as far as workflows approvals bureaucracy to the point of stupidity and thus we loose hundreds of million each Q
Top down 1970 leadership is the death roll for Xerox. They can’t help themselves they are so out of touch? What does top leadership get as reward for 200 million loss? Answer a check for 15 million and an at a boy
@188 One more thing. I'm biased, of course, since I'm a Lexmarker, but I wanted to address our debt. I've seen several posts implying we're a failure, financially speaking. Please be aware that we make money EVERY quarter. A lot of money, tbh. We didn't have significant debt until about 10 years ago when a former CEO decided we should acquire a few billion dollars worth of software companies. And then a few short years later we sold them for over a billion dollars in loss. So yeah, we are still paying off that debt. Gonna take a while. But we do make money 😀
I've worked at Lexmark for over 20 years. Here are my initial impressions:
Listening to SteveB makes me feel icky. In another life, he'd be a used car salesman. But somehow, he used enough corporate buzzwords to weasel his way into a multimillion dollar CEO job. Unbelievable.
Xerox is where we were about 15 years ago. Trying to compensate for printer industry declines by transforming into a software company. Spoiler alert: it doesn't work. Focus on what you're good at. Print is declining but it's still a HUGE market.
Xerox is overstaffed and has too many layers of management. Lexmark has 1 or 2 people doing what 10 do at Xerox. We need to be somewhere in between.
Actually, overstaffed might be the wrong word. Maybe they're all very busy. I think a better way to say this is there's too much bureaucracy. Too much non-value add work. When comparing workflows, Xerox has like 50 steps for what we do in a few. Xerox has too much complication, too many approvals, too many boxes to check.
Xerox executives read everything from a script and don't take Q&A during employee meetings. Being so distant doesn't instill confidence or motivate your staff.
Expect 5-7000 gone this year.
@c3 it won’t be slow with Lexmark more like a speeding bullet
Xerox is in desperation mode at this point
A good question,
I have noticed that a lot of Xerox employees have no clue about this site and many of them absolutely love rumors and conspiracy.
When GIS was bought, we floated along for a few years before most of us started to realize what was slowly happening......