Name Change Still Hasn't Changed the Corporate Structure - Anonymous employee Conduent Employee Review

This is the latest name change after splitting from Xerox, which had purchased the company when it was called Affiliated Computer Services (ACS). There was much corporate enthusiasm at the beginning of the 2017 when the company was officially "founded" after no longer being with Xerox. Fast forward a couple of months and the layoffs began. The fact is that this is a company that continually manages to go in the red and tries to remedy that situation through massive layoffs. There isn't much room for advancement and even if there is, there is no job security at any level of the company regardless of tenure or experience.