A massive $7Million saving to DXC. They need to stop paying millions to useless Execs who can't deliver growth.
So many have gone through the DXC Exec ladder promising turnaround but were actually incapable 3rd raters.
DXC is known as "the milking company for useless EXECS."
Why do people here tolerate the no pay raises?
WFH 5 days a week is nice. I save 2 hours of commuting, daily. I grew up pi-s poor so I'm not noticing any difference. Also: a publicity traded company prioritizing profit for shareholders. This should suprise absolutely no one.
@vt they claim to be generating about $700m in free cash every year. Which they put in the bank and sit on. There's about 2bn there.
There's 111,000 employees.
Work out how much $1000 rise for everyone costs per year.
$1000 isn't cost of living rises though is it.
Try 7% of $4.5bn (approximately the payroll by my guess) and then compound that over say 5 years. Add increased benefits on top, which are normally expressed as a percentage of base salary.
See if you can work out how long before the company runs out of money.
I'm absolutely no cheerleader for these bandits but the hard maths shows there's zero chance of cost of living rises any time soon.
Something would at least be a nod though. Perhaps a couple of grand as a bonus (not cumulative, not attracting benefit costs on top). It's not great but at least it would be money we could all use...
Fat chance though.
No, sadly this isn't anywhere you are going to see rises or promotions.
How, how are these execs making so much money, yet we can’t get minimal raises? Why do people here tolerate the no pay raises? I’m new to the organization but cannot stay if they don’t even provide a small amount of pay raise for cost of living. The company makes billions of dollars. Make it make sense?!
@kf is he doing less or more work than Rool though? I mean that guy must work 100hrs a day or something to cover all of the pies he's got his fingers in.
Yet somehow the part time job here pays millions?
Are we still paying him to be on the "advisory council"? It's one thing to be overpaid while you're working, but the real outrage should be what we pay people for their BS soft landing roles.
7mil saved from drum but how much wasted on the new market leaders and president?
It's friday - NOBODY works Fridays!! I have absolutely nothing in my calendar today other than a reminder to do my timesheets, which used to be a reminder to do it today so it's accurate. But now the instructions are to do it for next wee so we can charge the clients for the this month before the month is even finished. Good job I know what I'm doing next week - pretty much nothing!! Please make me redundant - I keep asking - evidently someone thinks this is useful work, and have convinced the client to pay for it!!!
Hey guys, This is your drummer speaking. I have successfully landed in the new place (to start the loot) after the golden parachute from Dixie.
It was a wonderful time - enjoyed all the travel and the perks - did nothing much, other than hosting a few town hells holes (however you may want to call it) and bs'ed.
Please do not forget to do your timesheets in all the 4 systems - I created one.
Thanks for all the millions.
Who's the fool. The useless execs who earn the millions for doing nothing. Or those who still believe this company can be turned around. Join the programme - do nothing, take the money!