That was very bad, yep. Also the trouble they've run into in Asia Pacific which caused huge losses - they were counting revenue before it was earned and also signing government/school clients up on long term high cost leases. They're now banned from NZ government contracts https://www.crn.com.au/news/false-accounting-and-fictitious-...
NZ was the Fuji Xerox partnership. Fuji ran that from all accounts. I worked in the Developing Markets Org at Xerox (proper), Asia Pacific was its own silo and they did their own thing. It’s one of the areas I didn’t work with, others were Western Europe, Russia, and Canada. Pretty much everything else, I knew all the marketing people for the countries.