Things continue to get worse. Forced selling on 9/22 from the index.
Staples-Essendant Lays Off Over 200 at Houston, Charlotte, and Orlando Distribution Centers.
Staples-Essendant Lays Off Over 200 at Houston, Charlotte, and Orlando Distribution Centers. https://tonernews.com/forums/topic/staples-essendant-lays-off-over-200-at-houston-charlotte-and-orlando-distribution-centers/
RUMOR: Sycamore Partners Shutting Down Essendant’s Office Products Business, Layoffs on the Way. ☹
RUMOR: Sycamore Partners Shutting Down Essendant’s Office Products Business, Layoffs on the Way. ☹ https://tonernews.com/forums/topic/rumor-sycamore-partners-shutting-down-essendants-office-products-business-layoffs-on-the-way-%e2%98%b9/
Do We Have Any Health and Safety People left?
Can someone tell me how to report a safety issue here? I have asked several people and get a who cares, nothing will be done. WTF people. Anybody, I really mean can anybody tell me who to call?
Will The $500 Million Pension Deal Go through and Save Kodak?
Will The $500 Million Pension Deal Go through and Save Kodak? https://tonernews.com/forums/topic/will-the-500-million-pension-deal-go-through-and-save-kodak/
Total compensation for c suite and senior leadership.
Tell me how someone gets a $12M BONUS while freezing hiring and raises and at the same time firing thousands of people all while destroying our stock value. Extracted Compensation Data from the 2025 Proxy Statement (Covering FY 2024) The provided... — read more
He is deluded
Fireside chat “I am more confident in our strategy than I have ever been” The man is deluded. Future performance is normally determined by previous performance and all that has happened under SB tenure is chaos, confusion, reducing results, reducing... — read more
Layoffs are a constant
They are happening in a slow, agonizing trickle, but it goes mostly unnoticed since it's not a major round but just a few people in different groups. I've been a nervous wreck wondering each day if my team would be impacted. Not sure I can deal with... — read more
What's ahead of us?
Anyon hearing new updates about what’s happening this quarter... The rumors keep circulting and its hard to tell whats real and whats just noise and fear... Morale is already shaky, and people are on edge waiting for the next move. Keeps feeling like... — read more
Layoffs confirmed today
Decade and a half at xrx and someone in a private conversation confirmed (at least in their role within the service delivery organization) names are already on lists and submitted to VPs within said organizations. CFO also mentioned "difficult... — read more
Bruno CEO of National Veterinary Association
https://www.citybiz.co/article/741606/national-veterinary-associates-names-john-g-bruno-as-chief-executive-officer Here's an IPO to stay away from!
Goodwill writedown
So the market cap is currently under $500 mm and the Goodwill is valued at $1.984 Bn. How is this even possible. They will cram this down, right?
I wonder if SteveB will swagger on the Q3 results
So many times he tells us this, on what basis ? Talks a lot about being a software business, what software ?
Reinvention update
To: All Employees From: Leadership Communications Subject: Reinvention Update Dear Team, As part of our ongoing Reinvention journey, we want to take a moment to recap the tremendous progress we’ve achieved, which on closer inspection looks... — read more
October is coming..
I'm telling you, in a month from now there will be less. Headcount IRIF. Book it.
If only they knew how the employees feel
What fun it would be if they introduced an internal ‘anonymous’ blog like this and employees could post to the leadership - would they read it and, more importantly, would they listen.
Someone Just Bought 1,246,200 Shares of Xerox, Valued at $6 Million.
Someone Just Bought 1,246,200 Shares of Xerox, Valued at $6 Million. https://tonernews.com/forums/topic/someone-just-bought-1246200-shares-of-xerox-valued-at-6-million/
Xerox Credit Rating Cut to ‘B’ Due to Lexmark Integration and Low Cash Flow.
Xerox Credit Rating Cut to ‘B’ Due to Lexmark Integration and Low Cash Flow. https://tonernews.com/forums/topic/xerox-credit-rating-cut-to-b-due-to-lexmark-integration-and-low-cash-flow/
Disrupted
Chief Disruption Officer left today so she can spend more time with her family. Does anyone in leadership ever tell the truth about anything? P.S. I feel bad for her family.
Amazing that you are still here
Absolutely astounding that the few people left here at xerox, have no clue what is honestly happening, or they just don’t care …about anything. Digging ditches in the rain, would be considered an upgrade ☔️ But when you don’t care about anything... — read more
Hitting middle age and wondering what comes next
I’m nearing 50 and I see how fast people my age get pushed out at Xerox. Friends with years of experience are still out there searching. It is crazy to me how companies just toss aside everything you have learned like it never mattered as soon as you... — read more
With Louie Pastor now COO, and stocks are crashing down, will Carl Icahn invest back in Xerox?
what do you think?
Xerox Employment Numbers - Q2
I read in the Q2 financial report that the quarter end employment number was 16,600. Does that include Lexmark personnel? If yes, that means prior Xerox people remaining must be around 12,000 or so world wide?
Im from Lexmark engineering R&D division. What would a xerox employee want to tell us?
Ive read the post here and they are damning. Makes me fear for my career.
Good News: Xerox NY Campus Set for $10 Million Infrastructure Upgrade with FAST Grant.
Good News: Xerox NY Campus Set for $10 Million Infrastructure Upgrade with FAST Grant. https://tonernews.com/forums/topic/677429/
Now is beyond the time to leave Xerox
Or what’s left of it. Why people are still here after being destroyed by this company is beyond me. Even with no skills you can sweep floors. I would feel so much better telling someone that I left this industry and decided to take a job in... — read more
Lexmark
So why doesn't Lexmark post anything on Layoff Maybe it's all good
Kodak Dumps Pension Plan to Pay Off Massive $500 Million Debt.
Kodak Dumps Pension Plan to Pay Off Massive $500 Million Debt. https://tonernews.com/forums/topic/kodak-dumps-pension-plan-to-pay-off-500-million-massive-debt/
Q3 bonus and layoffs
So heard today no bonus next quarter and layoffs before Christmas due to Lexmark doubling up staff and I’ve had to job match my team.
Why I want to leave
Clueless and ineffective management Office politics make daily work stressful Almost no opportunities for career growth Hard work often leads to extra tasks instead of recognition Job security favors those who play along rather than perform
Layoffs confirmed for October and next year Q1, 2 waves
RIF planning now in the works. They did not even make us sign an NDA which is unusual.
Now is a Great Time for a Spending Freeze
With the acquisition of Lexmark, now is a good ptime for a Spending Freeze. Don't replace the people who understood the ship is sinking and quit. They are losers anyway. Work smarter, not harder. Wait, work smarter and harder! If you are in... — read more
What a Shame
Steve B is chasing low margin IT business rather than trying to be the market share leader in what is a high margin copier business. Although is a declining business it not disappearing and there should be a better balance of revenue and margin... — read more
KODAK: Calm Down, We’re NOT Going Out of Business!
KODAK: Calm Down, We’re NOT Going Out of Business! https://tonernews.com/forums/topic/kodak-calm-down-were-not-going-out-of-business/
Xerox needs layoffs
We will not survive like this. I vote for getting rid of two to three layers of management. That would solve so many of our issues.
XEROX BUSINESS SOLUTIONS LLC
What’s with the notes circulating about the legal restructure at XBS , and why now? And why are they asking employees to re sign employment agreements? Could it be that they’re sneaking in updated non competes?
Project Own It...Next.
Any analysts on the line? Should xerox offer a board seat to Roaring Kitty or Business as Usual layoffs? What would get the stock above $10? Both you say??? That’s straight up... — read more
John B: a story of sacrifice for the greater good
Don't be fooled: someone at board level (Darwin D?) got tired of such an endless load of bullsh*t and asked for a head - share price tanking, revenue and profit declining by double digits, debt piling up, equity falling of a cliff... and all because... — read more