No one seems to understand what is going on with DXC. Massive head cutting all to try to lower costs; however it is affecting delivery to clients and for new contracts, they can't be staffed. How can a business run like that? In a services industry the people are the asset yet in DXC the people are not considered of value - no raises in over 5 years, making bonuses impossible to achieve, no work anniversary recognition or gifts, no recognition over all. For those let go from the company with 15+ years, a laughable 8 weeks of severance (compared to other companies that provide 6 months or more). This DXC ship seems doomed - both from an employee perspective and a client perspective.
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As a former employee (left 3 months ago or so) i would implore all of my former co-workers to please, consider yourself and your families first and leave as soon as you can. Please take care of yourself because that company will not. Don't wait for the hammer to fall. Get out while you have the time to look for a new job.
The DXC model is always marketed as the pure player for digital transformation. The actions of its executives would make any prospective new clients blink. If DXC seriously want to be taking companies through their digital transformation then they need some confidence that DXC not only have the experienced people to facilitate that transformation, but a clear determination to retain such experience to allow such transformation to succeed. It cannot be understated the damage in confidence that the constant reduction in workforce has on any potential for new growth in revenue. The whole thing is counterintuitive.
im in the new orleans DTC and there are people that have been hired on since beginning of year that dont have projects still. this worries me on how they are paying staff without projects. im applying all over and planning to get away from this sinking ship by fall of 2019.
DXC has lied to Avaya - they are doing massive layoffs in the US to remove overhead costs by end of June 2019. The HR folks are driving it and managers are not being told until the person gets a final paycheck. Be prepared you will be let go so they can hire cheaper workforce and clients should get out while they can! DXC only wants the $ - they care about nothing and have low standards - people’s lives mean nothing to them.
DXC is not a company, it is a stock symbol. It doesn't even stand for anything except for whatever the share price is at the moment. It is simply an instrument for ML to acquire and sell stock. He is laughing all the way to the bank at anyone who thinks this company is about employees, customers, or services. There is nothing in the company's actions to think otherwise. The gameplan is simple - get as many stock options as the President, CEO, and Chairman will grant you (oh wait, those are the same person) and do whatever it takes to keep the load of c-ap floating above $50/share. This includes outrageous cost-cutting, unethical sales, and massive BS to investors and the street to generate more speculation to keep the t–d afloat.
Its sad to see it end- but inside DXC the Titanic is a most frequently used metaphor.
Its a long spiral of decline EDS => HP => HPE =>DXC (or as it should known CSC) - each and every quarter of the last 10+ years filled with WFM (or Redundancy threats).
There is no management master plan just the same old sordid push to carve out some kind of profit by prolonged under investing. At some stage you might have thought that they'd get bored and try a high risk strategy such running the company properly but it never happened. Just more management swapping hats and more inspired cuts.
Well, its too late now. This ship has now sunk and is just waiting to hit bottom.
Beware though, I very much doubt that the Captain went down with the ship.
I think Mikey needs tell the shareholders his axing staff is causing the revenue to decline.
The future is digital hey Mikey, what a load of bullcr*p.
I think it is quite clear what is happening. They have realised that change is needed and legacy ITO Will die. So they have changed course and are reinventing the organisation. To do that they need new people and a different cost base and while they do it, they need to control costs as they are losing more than they win while they go through the transition. The question is can they make it through the transition? Can they make the economics work? It’s a huge challenge and my view is that they won’t be able to make it work and will be forced to split the business up and sell off the component parts. So the question is, do we stay, ride it out and see who picks up the pieces? Or do we go? Simple really .... I wouldn’t hang around for VR .... that’s a dangerous thing to do
Implode?
I hope that one day the shareholders wake up to the fact old Mikey boy is grinding the company down into the ground and using it for his own financial gain
Worked for these since January when I TUPE transferred in, I am in the UK. Interestingly when I transferred from a senior manager role but I was mapped as a Senior Professional Engineer in DXC speak, but my new manager told me if I was mapped any higher I would 'be a a target'. In those few short months I have moved from one 'tower' to another (the fabled DTC), there is a voluntary redundancy programme going on, shortly to become a compulsory redundancy programme and it looks like they are going to close the Chesterfield offices with the loss of 300 jobs. The people at Chesterfield were not told by anyone at DXC, they were informed by their union. I go to 'Uber-Scrums', where we are told about the healthy pipeline of work and how they are recruiting for 'Digital' roles in one breath, but in the next told about the voluntary redundancy programme. I dare not take a loan out to buy a new car as I have never in my 30 year career been as unsure of my future, and I am talking sort term never mind mid or long. I unfortunately do not fit the DXC profile as I am not a grad who will work for peanuts and I will not spend my own free time doing their useless online courses to 'retrain for a digital future'. A thoroughly toxic company who I would never have voluntarily worked for having had dealings with them as a hosting company in the past.
You could argue that any decent person would say "I am leading pay restraint myself and slashing what I take out of the company personally" - its a common thing amongst UK PLC's at the moment.
On the other hand, Mikey no doubt would have the view that his pay levels are a broadcast display of the success of DXC and that to back down on his pay would be a sign that the company was in trouble.
Of course, it is in trouble but that trouble is largely self inflicted. Its not as though the company is loss making. But very high profit levels are never enough, no we have to push for more. Sadly the sensible way to push for more would be to genuinely market something people wanted to buy and deliver it flawlessly. Instead we have "success" that is epic fail level resource cutting and share buybacks.
All in all, that perfectly describes an entity purely concerned with share price manipulation and nothing about a functioning IT business. The "business" exists purely as a smokescreen.
I'm sure sooner or later this will end with a SEC investigation.
@1cao This is a wide-held view but I disagree that it's about Lawrie's greed. Don't get me wrong, I'm not a fan of his and I DO think that Lawrie acts as an autocrat but he is already wealthy and a few more million dollars won't change his lifestyle.
I believe that for Lawrie and his ilk that it's more about power and influence than money.
DXC is a vehicle designed to feed Mike Lawrie's greed, nothing more. There was never any idea of providing actual services to actual customers, they are just keeping it going until they can escape with the money.
Someone on here said it was nothing more than an asset squeeze to milk it for its value and cast it aside. The more I think about it, I believe it is true.
What is DXC trying to do? It needs to grow in a rapidly changing world in which it is ill equipped. It's finding it hard to grow the traditional way, by selling more stuff at a profitable price, so it's pretending that it's numbers are better than they are by cost cutting. It won't end well.
DXC doesn't care much about it's people. A few years ago Mike Nefkens memorably referred to it's people as 'inventory'. Said volumes.
This is 100% correct. As an employee, I feel like I'm an inconvenience to the company. A financial drain on their bottom line.
The company is run by pure greed. So, I give bare minimum in terms of effort. There is no point doing any more. This company is doomed as I see large numbers of staff on the ground that feel unappreciated and act the same. It is what it is and the end must be near.
Honestly, I wish they’d cut me just to end the agony!