Thread regarding Xerox Corp. layoffs

As ridiculous as it may seem, the culture being driven from top down is to use AI for practically everything, even when human judgement needs to be in the equation. Before I was layed off, “Joey” essentially demanded it, even though we only had the Copilot license (which leaves so much to be desired).

@ft Someone in Corporate Finance, Corporate Investor Relations, Senior leadership whom skipped a MBA course or maybe we should just blame it on AI.. parts of the 10K for sure read like AI wrote it.

@fm so who messed this up?

10k is way to long to read.. but just scanning they admitted to an error in reproving Lexmark purchase incorrectly.

As disclosed in Part II, Item 9A – Controls and Procedures – Management’s Report on Internal Control over Financial Reporting (ICFR), the management of Xerox Holdings Corporation elected to exclude Lexmark from its ICFR assessment as of December 31, 2025, as Lexmark was acquired by the Company during the third quarter of 2025. As it relates to this error, management evaluated the error, the design, and the operating effectiveness of the related controls, and concluded that the error was limited to the accounting for contract assets and contract liabilities, specifically related to the implementation of and transition to a new general ledger prior to the acquisition.

Accordingly, management concluded that its ICFR remained effective as of December 31, 2025, and that the error did not result from a material weakness. In reaching this conclusion, management considered the nature of the error, the controls in place over business combination accounting, and the fact that the error was identified through the operation of those controls

Great 10k Quote.. the last bullet item

Risks Related to Ownership of our Common Stock and our Warrants
• The trading price for the Warrants may bear little or no relationship to traditional valuation methods, or to
the market price of our Common Stock, and therefore the trading price of the Warrants may fluctuate
significantly following their issuance;
• Hedging arrangements relating to the Warrants may affect the value and volatility of our Common Stock;
• The issuance of Common Stock upon the exercise of the Warrants may depress our stock price;
• Future issuances of additional warrants may adversely affect the market price of the Warrants and the market price of our Common Stock, but there may be no adjustment to the Warrant Exercise Rate for such issuances; and

• The market price for our Common Stock may be volatile and subject to future declines, and the value of an investment in our Common Stock and corresponding derivative securities may decline.

at the rate of decline, the stock is worthless by end of April?

Can anymore blood be squeezed from this POS!

@f6 We should be out of business just because we can't write well " Whether inventing the copier, the Ethernet" .. I like the "the Ethernet" but this does well to prove a good point about hte company.. we can invent but not implement.

Wow! remember that $7 four for one stock … That $7 is now $.36 cents

When SB said that we must go faster, I didn't think he meant the stock decline

I see 2 problems. Our senior leadership doesn’t understand the business well enough to figure out how to arrest the fall And they had delegated so much to Lexmark that Lexmark’s inexperience in our business is accelerating the decline

It would have helped if the Lexmark culture wasn’t so arrogant But unfortunately it is what it is. My suggestion is leave while you can on your terms I predict running out of cash by Q3.

I wonder if the free fall in the price today is related to the 10-k that was just published. Just saw on Google it was out there and it’s officially in the Xrx site. There must sh-t in there that investors found similar to a horror show. Goodwill impairment etc….?

@f0 correct - setting up the company for the future, ya know?

@ez don’t worry as everything is working and on track

@ef just saw it touch 1.47

XRX is now worth the same as a penthouse on Central Park. OK maybe two...

Non profitable revenue is not a good thing.... Somebody please tell him that. Revenue is also declining at a rate that would be alarming to someone with even average intelligence, which we don't have. Cant wait to do my employe survey. I'm going to sign mine...

1.52 this morning... race to the bottom

Next round of RSUs vested last week, guessing this triggered insider trading flags yesterday once the shares became available to trade. However, cashing RSUs out once vested is common practice.

@bd makes sense. It was said with an air of arrogance that it was semi offensive. If he’s holding onto 8 billion of revenue as the mother of all metrics then maybe he can explain why vendors are not being paid? Just saying.

@b3 not worth, he said $8b company meaning revenue. That in includes LEX of course. And says it without context.

Do I here 99 cents

@b5 ok so I’m not losing it. He has officially gone mad

@b3 oh yes we are an 8 billion company he said..

Is it me or did I hear in the fireside chat that Xerox is worth of around 8 billion..? Did anyone hear that?

You are gonna just keep figuring all this out until the stock goes to zero

Whoops I mean xero all you need is the x. Give it up already call it a day.

I said a few months ago that the stock would hit 1.60 in June, based on the trend back then. This is incredible that it is halfway through March and they closed 1.54

I'm just here for the ride.

For what it’s worth - January 2025 market cap was $1.05 billion - with a ‘b’…

@ah Just enough to cover those merit increases that people are crying for.

Just touched 199 mill in market cap. Let that sink in for a moment.

Right on.....

What high interest loan are they using for merit increases? 😂

So what stocks do you recommend for our "merit" raises since it wont be coming form Xerox?