Xerox To Cut 3,000 Jobs

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Xerox is cutting 3,000 jobs and has lowered its forecast for the next quarter. I was going to make a joke about just Xeroxing new employees but cutting jobs isn’t funny.

Describing current economic conditions as a "tough business environment," Xerox CEO Anne Mulcahy said that by trimming 3,000 jobs over the next six months, the company will save $200 million, according to a Reuters report. Xerox's third-quarter net income was $258 million, or 29 cents per share. But excluding onetime charges and the settlement of tax benefits, the company earned 26 cents per share. Most analysts were expecting profits of 28 cents per share.
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niconx said:
Xerox? Do people still use paper?
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Are you serious? I've worked in a number of executive offices, and there's nothing a VP want's more then a print out of EVERYTHING! And anything worth printing, is worth making a copy of so everyone can share.
 
niconx said:
Xerox? Do people still use paper?
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yes alot of companies are wanting people to be paperless so that they can stop using paper, infact the internet its self is causing companies like Xerox and even the United Postal Service to see a big decline in clients over the past id say 6 years. a majority of the business that Xerox gets is like from your local Hospital, Cell/ telephone companies, Energy Companies, ect.
 
Well looks like people still use paper then... What about typewriters? lol
 
maddude0025 said:
Are you serious? I've worked in a number of executive offices, and there's nothing a VP want's more then a print out of EVERYTHING! And anything worth printing, is worth making a copy of so everyone can share.
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I know what you're talking about. They want anything and everything printed and bound and they will glance at it one time and toss it.
 
Meh, just another joy of news after knowing that Xerox has large offices in Michigan.

And tops the day off with a Chrysler announcement today about cutting 25% of their workforce...
 
Ockie said:
Meh, just another joy of news after knowing that Xerox has large offices in Michigan.

And tops the day off with a Chrysler announcement today about cutting 25% of their workforce...
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Is there any company left that actually has workers in Michigan?
 
Xerox is such a horribly run company. My old man is a Tech for their large volume B&W printers. The stories he has about thier horrid managment are hilarious.

Recently they decided that instead of couriering replacement parts to customers's site to be installed, they'll just pay their tech to drive back to the parts drop, and then drive back to the customer. 1 hour of city driving, in the company car, using company gas, paying a tech $50+/hour + other costs is cheaper on paper in the short run to just have your techs do the work, but in the end they're paying $100+ to have the tech do the work rather then paying $25 for delivery, and not having to hire more techs.
 
Nemesis999 said:
Xerox is such a horribly run company. My old man is a Tech for their large volume B&W printers. The stories he has about thier horrid managment are hilarious.

Recently they decided that instead of couriering replacement parts to customers's site to be installed, they'll just pay their tech to drive back to the parts drop, and then drive back to the customer. 1 hour of city driving, in the company car, using company gas, paying a tech $50+/hour + other costs is cheaper on paper in the short run to just have your techs do the work, but in the end they're paying $100+ to have the tech do the work rather then paying $25 for delivery, and not having to hire more techs.
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sounds like a typical corporation
 
w1ngzer0 said:
sounds like a typical corporation
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There's a new one every week or so.

A while back they decided they weren't going to stock new parts that cost over a certain price tag. (keep in mind that this is the SALEs price tag, which is a 1000%+ markup).

Instead, if one of these parts were needed they would be shipped in at next available time. Except the problem is, the customer isn't going to wait 3 days for a part for their $250,000 printer to be in stock. In the end they have to do same-day shipping from the other end of the country at a cost of hundreds of dollars, and the customer is still pissed off because it took so long. They do several of these a day.

They also found that it's cheaper to simply take bad parts and put them back in stock, and if the exact same "bad" part is returned 3 times in a row as bad they would send it for refurbishing. The result is that the techs sometimes have to install several consecutive "new" replacement parts to find one that works.

So very poorly managed.
 
niconx said:
Well looks like people still use paper then... What about typewriters? lol
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A few years ago my dad went out and bought a new electronic typewriter, it's a Brother, I believe. He has to fill out a good number of special forms for the state in his business, and PA is slow enough that everything is paper, the forms aren't available on-line or in any PDF format. So when you have that much paper work to go through, a typewriter makes sense.

This thing is unlike anything I've seen though. It has an LCD display, spell checker, and built in white out if you want to backspace. Yeah, even typewriters have come a long way! :p
 
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