Thread regarding Xerox Corp. layoffs

Xerox will not end any time soon

I see a lot of this talk on here and nothing will meet the histrionic “end” that people talk about.

Xerox as a brand has a lot of power in the name and will be around for, I’m guessing, “forever” as far as most people are concerned. It’ll be around for twenty years, conservatively.

That doesn’t mean Xerox will be independent. That doesn’t mean it’ll employ even 10,000 people. I’d there are people starting a career at Xerox today that will finish it under some form of “Xerox” even if it’s owned by someone else or much smaller. Look at Kodak.

You could argue that it’s already “ended” as it were, depending on perspective. There is a sort of morbid catharsis or satisfaction in some grand implosion - it’s like a sort of disaster tourism where you have a front seat - but even that backward satisfaction will be denied for continued death-by-a-thousand-cuts shrinkage, layoffs, and off shoring.

This is business as usual for the corporate world these days. There will be no picket line and there will be no fireworks. It’s a slow burn of continued value extraction for the C-suite and activist investors because it lines the pockets and doesn’t upset a critical mass of people to cause direct action against said extraction.

Hit the next shop up the street and hope it doesn’t happen again there, yet.

@Yi9PcQ0-suz hit the nail on the head.

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| 1342 views | | 6 replies (last March 29, 2019) | Reply
Post ID: @OP+Yi8W1kg

6 replies (most recent on top)

The vote for Xerox to become a holding company is happening in May, with it being put in place by June. That will give Xerox about 6 months to start selling off the pieces before the fiscal year close.

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Post ID: @1guj+Yi8W1kg

It comes down to definition. Xerox means different things based on context. 1- Xerox as the leader in document technology has ended. Xerox as an innovator has ended. Xerox as an employer of choice that took care of employees has ended. 2- Xerox, the corporation, has life left. A corporation is by definition an entity without a soul. Essentially a piece of paper in a filing cabinet. This is the Xerox being raided by Icahn and crew. It’s simply shuffling the deck to increase shareholder value. Employees are costly overhead and very disposable during this process. Layoffs will continue. Xerox the corporation is now a holding company, meaning ALL operating functions will be outsourced over time.

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Post ID: @ise+Yi8W1kg

Either you drank the kool-aide or are one of the clueless chiefs in Norwalk

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Post ID: @gfu+Yi8W1kg

Just like Kodak, RCA, and Motorola, eh? How many of those jobs are in the US now? None you say?

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Post ID: @yac+Yi8W1kg

Someone keeps taking these posts out of context from other threads and throwing them as a new topic.

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Post ID: @epd+Yi8W1kg

NO ONE is starting a career at Xerox today and what the hell is your point? What does this have to do with layoffs?

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Post ID: @vry+Yi8W1kg

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