Thread regarding DXC Technology layoffs

And.. The Pink Floyd pig is flying again between the Battersea Power Station chimneys.

This place runs you into the ground. No payrise, cost of living going through the roof, every month is a struggle while all the greedy execs cream it off at the top while I have to live off savings

@ke BTW 10% would save them probably $400m a year...

@ke they might not formally have announced a wfr program but it's definitely under way.

Headcount has fallen consistently this FY and I doubt we've seen the end yet.

My guess is 8-10% reduction by April.

Wait, folks still believe anything DXC says?
If their lips are moving, the lies are spewing.
They lie and they don't even do it well.

The only things that are going to be raised are Exec pay, and Jens microskirt for the next Town Hall to keep folks interested.

The absence of an announced layoff program does not indicate that DXC management thinks its current cost structure is optimal. It indicates that management doesn't believe it can translate a restructuring into a sufficiently compelling operating turnaround and a tangible return.

Once DXC publicly announces a significant workforce reduction program, it creates an expectation that the company is deliberately changing its cost structure and that the resulting savings will translate into better financial performance. A major restructuring would create an explicit investment, an explicit promise and an explicit clock for delivering returns.

Management isn't confident it can promise and deliver those returns. The rational defensive behavior is incrementalism: cut selectively and quietly, harvest cash, avoid transformational investment and accept mediocre performance rather than make a large bet that would expose the company's inability to execute.

A public announcement changes the game. Suddenly investors will ask: How many jobs are being eliminated? How much will it save? What will the restructuring cost? When do the savings show up? And, most importantly, where is the improvement in margins, cash flow and overall performance? That is precisely why there is an incentive to avoid a large, clearly defined and publicly announced program. Not because management necessarily believes the existing organization is efficient, but because a public restructuring creates accountability on them for the outcome. DXC management prefers the comfortable middle: not doing enough to create a real turnaround and also not doing enough publicly to create a clear obligation to deliver one.

Realise this — you're irrelevant. Your tiny salary isn't worth the time and paperwork to process your VR. They can continue to pay you and it doesn't matter what you do or don't do. You're a number in the 115,000 headcount, which sounds better than a company with only 50,000 people — as that's probably all they need.

Quit and walk, or put your feet up and just tick the relevant boxes — nobody's listening, nobody cares. As long as the machine confirms you uploaded something, a blank template will do! Then the machine's happy, management's happy.

Obviously, no pay rises — but when you don't do a lot (because there is no work, we're not lazy!!), then one cannot be justified.

Which is better?

• No comment! You can work out for yourself why I don't really do much.
• You can pay me to leave now or you can pay me to do not much and then pay me to leave.

And we’re still being forced to do the pointless mid-year appraisals. What a complete waste of time and just another tick box exercise. Good old AI can speed up this whole sorry charade.

The annual two year cycle of we’re going to do pay rises this year definitely honest gov.

Then not until after the performance review cycle. Then by then DXC has another bad Q1 and sorry no pay rise until we grow. Rinse and repeat.

This is normal textbook DXC procedure, they announce potential pay rises in Town Hall to keep employees hanging on till the year and then you won't hear anything after January. Then in March/April announce no growth, so no money.

Rinse and repeat every year, they are experts in this and redundancy planning.

Fk DXC liars.

I had been hearing that since 2023. I left few months ago.having received no raise in the meantime.

Raises are always "coming" at dxc. Along with growth.

One is doing over the employers, the other shareholders.

I don't see why both groups, particularly the latter, don't see through the snake oil sellers and send them packing.

@b2 It's not a cost of living crisis. It's just a spending crisis. Hasn't DXC taught you that - you are not worth it - you should not be buying any of this stuff that society says you need. The execs certainly don't think you deserve more no matter how much you do. If you want fancy things obviously go work elsewhere. It's only set to get worse. Nobody thinks they need IT anymore - AI can do it better and faster. Or at least that's the promise.

Let's hope this correct . My family is struggling with the cost of everything going up

At DXC, the only thing steadily rising is the executive hard on for sc--wing the employees

For the execs..