Some changes are bound to happen. I can’t imagine thing staying the way they are in terms of the headcount of workers. You may disagree, but for me the only questions are when, in what for, and how many people.
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Transition to a holding company has little to no impact TODAY on us. Think of it as a yard sale. By creating a holding company Xerox is organizing its various divisions under a new umbrella, getting everything ready for sale. Just like a yard sale where all the kitchen stuff, clothing, furniture, electronics, etc are all sorted on your front lawn for sale. Well, essentially that is what Xerox is doing by creating a holding company.
Xerox Financial Services (XFS), PARC, The Americas (Feldman), Europe/DMO (Herve), PARC, oh yeah, the debt, don't forget the debt. These are all going to be isolated under a single holding company as individual divisions pre-packaged for sale and then the Yard Sale sign goes up around town.
Perhaps CIT, US Bank, Wells Fargo, etc are interested in purchasing the lease portfolio. Remember when Ikon sold off its portfolio for $0.85 on the dollar.
Perhaps some Silicon Valley firm is interested in purchasing PARC. Heck, Apple may do it just for the nostalgia.
Perhaps HP is interested in acquiring The Americas Sales organization. There were at the beginning of 2018
Perhaps Fuji is interested in Europe and the DMO Channel. And Probably at a BIG discount just to appease them and settle the lawsuit.
You create a Holding company (with the Xerox name) so you can sell off the pieces, but keep whatever value is left in the name. I don't know that anyone will be interested in purchasing the Xerox name, which is another reason you put it in a holding company.
And finally, there is a "poison pill" in the Xerox/Fuji Joint Venture that makes it very difficult for Xerox to be sold off to another company as a whole. By breaking everything up into pieces, and selling them off without the Xerox name, Icahn may be able to wiggle his way around the poison pill by not selling off the whole company to a single competitor, and leaving the Xerox name with the holding company.
Icahn is playing chess.
no
Duck.
I hear about "consultants" in the Chicago core, but we didn't have any here. Did all the cores get visited by the consultants? Can anyone here on this site confirm they talked to a consultant?
I hate how much most of us don't know.
Coming soon - choppy choppy, outsourcy-outsourcy courtesy of consultants that were here in January in XBS land. "uh, how long does it take for you to do this? how many people does it take? how long does it take to train them and get 'em up to speed?!" Well duh. Xerox Management fell asleep at the wheel during the last ten years and can't improve revenues so they default to this way of doing business - keep on cuttin bodies. Add in the continued delay of paying our vendors to make our expenses look better than they really are = sale of the parts of the company. Then Johnny V and 'lil Carl will go sit on a beach and count their millions while everyone else is looking for a job.
Unfortunately the thought process of current management is that the annuity of the business is strong enough to sustain a healthy profit with significant additional cuts. It has been said that a penny saved is 3 dollars earned. I am not sure I am in agreement with this sentiment, however you know what they say about opinions, what they are like, and everyone has one.