Thread regarding Xerox Corp. layoffs

@jc you better bet customers will expect that. I already have customers who have brought it up.

Since Xerox is getting tariffs refunded are we going to refund all our Xerox customers who we charged a tariff upcharge to, with the justification of it being a "tax"?

@em @AX here.

Yes I agree, that was the point. The results do su-k and the earnings were a con job. I think you are @-ing the wrong poster

@ax You may not be able to comprehend this, but financial transactions are not opinions. These results su-k and have been spun by an amateur. My 3-year-old can see right through the message. The reason we are getting away with it is literally nobody cares about XRX anymore except a couple of senor dipsh-ts trying to max out their exit packages.

@bd Your college degree isn't worth the paper it is printed on.

Xerox mismanagement caused all this garbage. And they still are.

The last one out please turn
Off the lights….

@b4 my college degree tells me you are definitely part of the little di-k club. Weirdo.

@b5 - nope, just a smart MF.

I love it when mgmt jumps on here with anonymous lame hot takes.

Who needs a suggestion box when the SLT is on here already.

@aj At math? Good for you little guy. You probably do spend a lot of time running in circles. Can’t see the forest because “management” said you are only surrounded by trees!

@b4 This level of petty awkwardness makes it clear you are XRX management. LP? JEG?

@b1 -I know thinking is hard for some of you guys. But here’s another quick excerpt: Yes, investor presentations and live pitch events happen frequently at Harvard University, hosted by groups like the Harvard Innovation Labs, Harvard Business School, and student entrepreneurship clubs.

For those of you that’s not go to college which is probably 99% on here, an “excerpt” means a short piece taken from a longer passage. Or simply part of a text.

@b2 OK, weirdo.

mindshare
noun
plural -s
: a controlling or predominant hold of one's attention that is gained especially by marketing ploys

@b0 -and I don’t think you’re intelligent enough to understand. You proved my point:

Mindshare is a marketing term that measures consumer awareness, popularity, and the amount of attention a brand, product, or idea receives compared to its competitors

So when I say “get your mindshare “ I am talking about your brand being the #1 financial guru in the world of xerox layoff reports. You know, even though you’re wrong about everything you have predicted so far. Try harder next time. Maybe you’ll get one of your predictions right. Like they say, a broken clock is right twice a day

@az They don't do investor presentations at Harvard. It's a college.

@ax - When is your next investor presentation at Harvard? I want to make sure I’m in the front row. You’re obviously a financial guru and I’m not sure why every accounting firm isn’t ba----g down your door to get your mindshare. You obviously have never been wrong…oh wait!

@at They see it. It's a penny stock with a junk bond rating. Loaded with debt and no future outside of a bankruptcy proceeding.

@aq Hi! Goodwill Guy here.

Here is the footnote form the 8K:

• Profitability metrics for Q2 2026 include $105 million of a pre-tax benefit from the recognition of IEEPA tariff receivables. This benefit is not included in either Operating cash
  flow or Free cash flow for Q2 2026 as the sale of the receivables is currently accounted for within Financing cash flow.

They got 80 million today for the 105 million owed to them later in the year and recognized it in Q2 rather than later in the year.

When you look past all the non GAAP accounting, they still lost money, just less money.

What was released is a non GAAP press release, a 8-K. In the next few days/weeks, they will file a formal 10-Q, which does adhere to GAAP accounting rules.

"But Goodwill Guy, isn't that kind of weird and deceptive?"

Yes, yes it is.

@as - choose to stay but nobody will believe anything you say going forward Chicken Little. You must’ve bought your accounting degree from Temu.

@am borrowed against the refund:
How do the big players that own stock in Xerox not see this and run?
I am positive they have forensic accounts on staff that see this and why have they not jumped ship? If PWC are major auditors, surely they can see this and they are not sending up smoke signals and telling them to stop? Surely people on wall st see this, don't they?

@an - Goodwill Guy. Go stuff yourself in a locker for the next 12 months or put yourself in a timeout on this site. You were insufferable and completely wrong, yet you choose to participate in financial discussions. You already lost your credibility.

@am help me understand as I’m an id--t who cant talk at the level you are talking - so I hear a lot about the tariff refunds - this 110mill can’t be the sole reason why the market reacted the way it did right? I mean it seems your saying they took this money and flaunted it as something else to make it look like it’s growth? But take that aside - the actual increase in revenue - that’s not tariff related I assume - or did they fudge the 100 mill in that? If I recall the actually revenue is still down when talking about xerox alone - so I don’t get how the market reacted the way they did and see this as all positive?

@ak lol indeed!

@ak HI! GG here. Yes this is bad, actually a lot worse than a GW cramdown.

I've changed my tune about a goodwill cramdown; it just won't happen.

They are playing too fast and loose to worry about that. They robbed Peter to pay Paul for the Q2 numbers and if they don't care about setting twenty something million on fire they don't care about GAAP accounting.

Ominous....

@ah They borrowed against the refund, so if it doesn't happen, they owe the factoring lender the entire amount.

The amount owed is $105mm. They took $80mm so they could get their hands on it ~90 days earlier, to show a fake profit for the earnings call. Worse still, they took the money they paid an exorbitant amount to get 3 months early, and they spent it on debt in a selective default that will further enrage debt holders, and hinder future lending to XRX.

They walked away from $25 million dollars they were entitled to in Q3 so they could book revenue and cook the books for Q2. If paying down the 2028 debt in a selective default was smart (and it is not), they could have waited three months and paid $25 million more towards it, rather than burning 23.8% of the windfall to get it now.

This is not rational. Neither sc--wing over the debt holders, nor taking 76 cents on the dollar to get the money a few months early is a "smart move."

They hyped the numbers so the call would go better, and 1/2 the gains from yesterday are gone already.

Where is the Goodwill Guy when we need him? He is the hero we all need to settle this .

@a8 - I can run circles around you anytime.

@a7 - ask yourself if you have a business degree. If you won the lottery and you chose to get either a lump sum upfront or get it in future payments, I guarantee you would take the payment upfront to pay off your debt fast. It always works out in your favor. Xerox absolutely needs to pay down the debt, so it’s not a bad business move either way. They weren’t guaranteed the money in the long-term because of government bureaucracy, so it’s a smart move. Always take the money upfront, always.

@a4 Not too good at math are you?

@a4 Ask AI how distressed selective default buybacks effect the ability to borrow in the future for a company levered 8.3 to 1.

Ask AI what happens if XRX is unable to issue debt in the future.

And??? Your title OP insinuates it’s a bad thing. Include the business reasoning next time instead of a useless post as usual. None of you have business degrees and it shows. Quick AI summary:

Discounted Debt Buying: Because interest rates are volatile and corporate bonds often trade below face value (at a discount), Xerox can use that $80 million in cash immediately to buy back its own debt cheaply.

Interest Savings: Erasing debt today instantly eliminates the high interest payments Xerox would have to pay over the next few years. The guaranteed interest savings can easily outweigh the missing $25 million.

Time Value of Money & Opportunity Cost- Money today is worth more than money tomorrow.Government Delays: Collecting refunds from federal agencies can take several years of bureaucratic processing and legal battles.Inflation & Growth: $80 million deployed into the business or debt reduction today generates immediate financial health, whereas $105 million locked up in government litigation generates zero return.

Risk Elimination- While Xerox won the initial legal claim, waiting for the actual government payout carries structural risk.Litigation Risk: Future policy changes, government appeals, or budget adjustments could delay or even reduce the ultimate payout.

Guaranteed Liquidity: Transferring the claim to a third party passes 100% of the non-payment and delay risk to the buyer, securing guaranteed cash for Xerox.

Also, that debt they paid off is a 2nd and separate Selective Default from the one reported in June. Look for that to come out for the 2028 and 2031 bonds they bought down shortly.

That money money would have better been spent on lotto tickets, rather than crossing the debt holders, again.