Thread regarding Conduent layoffs

Ashok's resignation is long overdue and welcome news. There are a couple of other C-Level execs that need to go ... such as the Lawyer masquerading as a "Chief People Officer."

The board needs to get fixed and the senior leadership team at Conduent needs to be replaced. That's the business transformation we really need!

A.V.'s recent Town Hall made it obvious he knew the writing was on the wall. His arrogant response and attitude, blaming others for his mistakes, etc. His failure to recognize how easily he could be taken down by the Board Members open letter just shows how arrogant he is. He needs to go. He made broad changes before doing research to understand if they made sense. He hired bunch of his friends to take positions they aren't qualified for. Won't be surprised to see many of them leaving now. This is a big shake-up and let's hope the worker-bee's won't get further screwed.

Ashok and his choice of direct leaders was awful. “Pivot to growth” is not a 180 turn you make on a dime after cost cut after cost cut. His “change”, was just chaos and continuous restructuring that never allowed real growth. I hope his crony team gets dumped with him. They made out well while raking employees over the coals and telling you how they “understand.” There was a lot of arrogance, favoritism and failure to actually listen to people who had been in the organization for a long time.

The decision to keep A.V. any longer than this month is malfeasance. Not having a replacement in the wings, or even a temp CEO strongly suggests that the board has been asleep at the wheel, just lining their pockects on the BoD circuit, or entirely incompetent.

You never know what happened behind the scenes. Icahn got leverage and forced Xerox to spin off Conduent. The "concessions" he offered enabled him to get access to information that would enable him to force half of Xerox’s board and CEO to resign. No telling what may have happened to Ashok. May have been poor performance + Icahn threats. Leave now and you can have your parachute or stick around and face the consequences.

Ashok was an absolute disaster. He was right about the need to transform the business, but the steps he took to make that happen rose to the level of gross negligence. Anyone who misses this guy is just bummed out he hired them and then sunk the ship. This company won't be around in a year.

Stock is already down 12%

We'll know more once the 1st Qtr earnings report is posted...