Thread regarding Xerox Corp. layoffs

Gemini helped on this quick list of Xerox acquisitions since 1975. It's a long walk down memory lane, and I know some are insignificant and some may have been missed, but they do show that capital destruction experience seems to be a prerequisite to joining the executive leadership team.

1970s – 1980s: Diversification into Finance & Tech
During this era, Xerox attempted to diversify away from its core copier business.
• 1979: Western Union (Acquired to form XTEN; later sold to MCI in 1982).
• 1982: Kurzweil Computer Products (Pioneer in OCR and scanning technology).
• 1983: Crum & Forster $1.6B (Insurance company; part of a shift into financial services).
• 1984: Van Kampen Merritt (Investment firm; later sold in the 90s).
1990s – 2000s: The Shift to Digital and Managed Services
• 1997: Rank Xerox $1.5B (Xerox bought out its European partner’s remaining interest to take full control).
• 1998: XLConnect Solutions Inc. (An IT services and network integration firm).
• 2000: Tektronix (Color Printing & Imaging Division) $950M (Gave Xerox the "Phaser" line and solid ink technology).
• 2006: XMPie $54M (Variable data printing and cross-media software).
• 2006: Amici LLC $175M (Discovery and document management services for legal markets).
• 2007: Global Imaging Systems (GIS) (A massive acquisition of a nationwide network of office tech dealers).
• 2007: Advectis, Inc. (Cloud-based mortgage document collaboration).
2010s: The Services Giant Era
• 2010: Affiliated Computer Services (ACS) $6.4 billion (the largest acquisition in Xerox history, transforming it into a services company).
• 2011: CredenceHealth (Healthcare clinical intelligence software).
• 2011: XL World (Italian BPO company).
• 2011NewField ITUndisclosedStrengthened their Managed Print Services (MPS) software.
• 2012: WDS (Customer care and device management for mobile operators).
• 2013: CPAS Systems Inc. (Pension administration software).
• 2013ImpikaUndisclosedEntry into aqueous inkjet (production printing).
• 2014: ISG Holdings $225M (Workers' compensation medical bill review).
• 2015RSA MedicalUndisclosedPart of the "Health Enterprise" push before the Conduent split.
• 2018Itec ConnectUndisclosedMajor UK-based acquisition to expand European IT services.
2020s: The "Reinvention" & Recent Consolidation
In recent years, Xerox has focused on "Reinvention," acquiring regional IT providers and finally consolidating the print market.
• 2020: Digitex Canada (IT and managed print services).
• 2020VeenmanUndisclosedA key Dutch distributor acquisition to solidify the Benelux market.
• 2021: Groupe CT (Eastern Canada’s largest independent document management firm).
• 2021Competitive Computing (C2)UndisclosedBolstered their IT consulting and cloud services capabilities.
• 2021: Document Systems (SMB market expansion in Southern California).
• 2022: Powerland (Canadian IT services provider).
• 2024: ITsavvy (Acquired for $400 million to scale integrated IT infrastructure and cloud services).
• 2025: Lexmark International (Completed July 1, 2025, for $1.5 billion; a landmark merger that combined two of the world's largest print brands).

Notable Spin-offs: To provide context, Xerox also shed major acquisitions. In 2017, it spun off its services business (including most of ACS) into a new public company, Conduent.

Place is a total joke. Gross Mismanagement Everywhere.

Sometimes you just need to junk a car.
The crusher and shredder are the answer for this place.

What I am amazed by is the ostrich mentality currently on display, by the quality business/sales -people who I know are remaining at the lower echelons. Xerox already pulled a personal finance - JG Wentworth move and sold off their XFS receivables for pennies on the dollar to PEAC 2023/2024. Then they put $800million on the "secured bonds" family credit card beginning of 2025, followed by $125million payday loan at 13% rate at "Check Into Cash", followed by the attempt at the IP loan (essentially using your 2005 Miata as personal loan collateral). Now they've pulled the second mortgage parachute another million diluted shares.

If Xerox was your actual family member, they'd be the one with a 600 credit score who found a way to get a 96 month lease agreement on a Grand Wagoneer... While they stack debt servicing as a greater percentage of operating expenses, they have spent years trying to standardize the and migrate the customer management systems to a singular repository, while simultaneously setting up reseller agreements with DEX, VEIT, and anybody else that will hoc re-badged Katun products.

What does this all indicate? They are are about to sell off the last " true assets" they have to dealers = which are = the customer management agreements and the customer residuals themselves. Just like how they MIF'd all the Xerox Direct customers to GIS 10 years ago. They won't need local sellers, techs, brick/mortar, and account managers when they don't have to service customers anymore. Which also explains why they continue routing all of the customer support operations and handing more and more responsibilities to HCL - who only destroy the customer relationships. If its not bankruptcy due to the sheer weight of their ineptitude , it is the plan A offload, which they would have executed 2 years ago (except they cut too deep and took out all the mid-level ops folks who could have actually accomplished it).

Your biggest asset in new job negotiations is that you are currently employed. Leverage that one thing Xerox is actually doing for you, and use it to fulcrum your way out of what's next. If you don't, this bus is going off the cliff with you in it.