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Xerox, once a leader in office technology, is facing mounting criticism for misleading financial reports and corporate mismanagement. While recent results show a 28% revenue increase, these figures are largely driven by one-off events, not sustainable growth. The company is losing market share, and its stock has crashed from over $27 to just $2.70, raising concerns of a potential delisting. These views, opinions, and rumors come from employees and investors on TheLayoff.com, where frustrations and concerns about Xerox’s future are being openly shared. (see below)
Internally, employees are frustrated with a culture of pointless meetings and lack of innovation. Management seems more focused on looking busy than addressing real issues, and morale is low as staff feel their time is being wasted.
Leadership is under fire for prioritizing personal gain over the company’s health. The CEO borrowed $500 million to buy out an investor, while cutting dividends for common stockholders by 90%, but still paying preferred stockholders—a move that’s raised suspicions of insider favoritism.
Xerox is also laying off workers and cutting benefits, creating divisions within the company. Employees in the “Legacy Xerox” group have had their 401(k) matches slashed, while those in the “Legacy Lex” group have kept theirs, fueling further dissatisfaction.
The company’s push into augmented reality with CareAR has yet to yield results, and its leadership appears to be chasing trends without a clear strategy. Overall, Xerox seems adrift, masking deeper problems with spin, while its executives protect their financial interests. Unless changes are made quickly, the company could face a collapse, despite the illusion of growth.
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