Being in Rochester, I always wonder how this will affect the local community here, where the Xerox was founded and where the majority of its workforce still is [1]. Still, I'm surprised they announced this after the holidays. I'm not sure if that makes it better or worse, or even says anything about the company itself, but it doesn't seem like the norm of other larger technology companies.
[1]: https://en.wikipedia.org/wiki/Xerox