Why do people worry about next layoffs date? Have you not realize yet that every day is layoffs day at Xerox? Ask around. Every single day you'll learn about somebody new who was laid off from this or that department.
I know there's some comfort in thinking the next big one is still days, weeks or months away, but we are past that point by now. Why worry about next big one when today could be the small layoff that gets you unexpectedly?
Sad !
I agree, I just go to work and one day I won't
I just don't really let it bother me anymore because I like everyone else am in line, I just don't know where I am in that line
+3
“Look at this chart.
https://www.macrotrends.net/stocks/charts/XRX/xerox/revenue
The last time Xerox grew was 2010. Revenue shrunk by 50% in 2015, and we've been shrinking half a billion year over year since then. Revenue reduction has far outpaced layoffs.”
They don’t expect Xerox to grow. They are making the cuts to get the organization down to a size that aligns with the revenue. Right or wrong, they have been very open about that. Go back and read his plans for Xerox. Tells you what you need to know. “Xerox carries the legacy of a much larger business. With processes, systems and resources that are beyond what are required or affordable today. “. - John Visentin July 2018
Cuts will continue until the business “resources” are aligned with revenue. All back office people and processes are still on the block. Anyone that “supports“ sales that isn’t actually sales is on the block. Any process or administrator that is a band-aid for a broken process is on the block. Anyone that administers a process that can be automated is on the block. Anyone that pulls reports, books travel, schedules meetings, fixes error prone billing, researches meters, does anything as an “assistant” for others is on the block. The cutting has not stopped.
Good point