Thread regarding Xerox Corp. layoffs

@ev ethics should also investigate when a VP loses so many employees. When multiple managers leave, due to them, there is a problem!

@pp the new CMO is not exactly an educated man either - was an Office box salesman in Birmingham originally in the 90’s and not good at that 🤣

yeah, last CMO and her senior staff except the guy they let go didn't even know what we sold. I remember the fashion design manager, that was funny. Friend of the family or relative or something. No one even knew who these people were

Last CMO and team were fundamentally not qualified. 2 yrs at Beauty school is not exactly Harvard, let alone even state college.
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@p4 and bangs on about GI on EVERY town hall.

@k7 you mean the CMO who got his two sons jobs - one in GI and the other in a partner ?

@ev ethics investigate? Do me a favor- they are an ineffective as a chocolate teapot. They let all governance failures pass by with zero consequences. What you were saying about F1 events - maybe clients went (if there were any spaces after the current CMO friends and family) but did they do any business with us or just take advantage of a fun day out?

@ev who is ethics?

@dx ethics should investigate how many clients went as part of the deal as I heard it was the boys and girls club who all went along under pretence they invited customers

@dt the sponsorship was so the SLT members could attend races. That’s it.

@bb we make work work is certainly the truest thing we put out there. That half wit deena p did that one. As well the stupid f1 sponsorship. Millions of dollars for what? People mock us over that ridiculous slogan and the f1 team is a terrible one. Actually kind of symbolic in a sense.

lmao his housing allowance is more than my entire year's wage

https://www.investing.com/news/sec-filings/xerox-appoints-chuck-butler-as-chief-financial-officer-with-revised-compensation-93CH-4399706

Ge-z, huge pay increase when no one else can get an increase and benefits like 401K match are dropped because the company can't afford them? Can't wait for the next town hall!!

hey guess what? Fck that guy.

The funniest strap line ever - Make work work.

I wonder how much Bandy the 🤡 paid for that.

More than they paid Aston Martin for the F1 sponsorship ??

Oh wait, that was down to another complete clown - the new CMO, just so he and his sycophants could go to F1 races.

I wonder if he had a Red to Blue analysis for that too.

So much money wasted, but hey, keep your old mates in a job - eh, Darren ??

With rosy red cheeks and a twinkle in his eye Old Bandy Clause already told you all his great vision for 2026. Just be good little elves and work harder and faster than you already did this year and forget about any raises. You’ll also magically inherit the job responsibilities of those that quit or are let go too because they won’t be replaced. This will only help to add to the festivities and morale. But don’t worry-old Bandy Clause already understands it’s tough and if you don’t want to work his pole anymore he supports you in that decision. He’ll think about it deeply while counting his millions of presents. Then by some Christmas miracle he’ll finally deliver stellar results for all this time in 2027! A tech powerhouse Christmas story indeed!

Umm nobody needs copiers anymore. All digital with electronic needs. Ask toll takers that used to accept coins

@a7 It's not a question of recruiting failures as you say it's a question oh whom can quickly set up and take the opening we now have. If you were a high level executive out in the world and Xerox approached you for a position would you want join the company with everything you see? It's not like Xerox is Apple or Microsoft or someone other leading tech company were people are seeking out the company.

But on IT Town Hall we were told merit increases are coming

change of control = Bankruptcy Trustee

He has a better out than SB.

@a7 nobody else will take the job. Look how long MG lasted. Everyone knew it would happen.

We should just continue without a CFO. Won’t make a bit of difference.

@a7 totally agree. It’s shocking what they are giving him.

Don’t care if this is the “norm” for executive pay, it is plain dishonerable at a time like this when there is no merit increases for employees, expectation of more with less, no respect . Still baffled as to why anyone wants him as a Chief Financial Officer though - or even on a EC - this is the finance guy who presided over a $600M loss for Lexmark last year. Why has Xerox started to recruit failures?

If you scroll through all the SEC filings ALL OF THE SLT gets packages like this. Miranda voluntarily quit and ended up with over $2.2M in exit compensation along with YEARS of covered health insurance, continued salary at $27K PER WEEK for a YEAR and she is eligible for ALL 2025-2026 managerial bonuses.

Handing out golden parachutes left and right

@OP I read the same. This will go down well won’t it? People struggling to make ends meet and no industry base raise to counter inflation and rising prices - but he gets a 10% rise and a mind numbing housing allowance. I hope folks actually speak up about this. I am also taking more roles and responsibility like many others and we get nada. Welcome to the inequality of Xerox.