Anyone that stays deserves no merit pay increases as your all fools. Why give pay increases because you stupid fools keep doing more work with less. Mad Mike is smart , he keeps grabbing shares , increases stock price with buy backs and gets richer
I changed jobs a year ago and couldn’t be happier
Although the problem if they don't do pay rises this year is that they will be forced to go and recruit which is a double whammy, the cost of recruitment and the fact they will have to pay market rates, which are significantly higher than the few remaining experienced staff they have left. It would be a lot cheaper, easier and less risky to reward existing, known staff but no room for common sense when you manage by spreadsheet.
If they can get away without pay increases there will be less cuts.
If they have to attract more employees to fill gaps and also do pay rises they’ll cut more heads.
You might think wtf am I talking about and the above doesn’t make sense. That’s how DXC operates.
Having a silent CEO who gets huge pay increases and won’t even say merry Xmas doesn’t make sense either.
Nor does having a liar called Chris Halbard running the UK. You should listen to his town halls. Keeps saying ‘listen’ like he thinks he’s dictating the call direction, like anyone believes a word he says…
They haven’t even released appraisal grades. Forget pay rises.
Halbard got moved to London Markets…. There is no replacement for him either.
This company is a sh-t show
I would say YES after the Annual Performance Reviews. If DXC follows its playbook they will lay off employees after the Reviews just like last year.
Actually, I'm surprised they have not already had laid-offs, but I think they were waiting until the takeover - which didn't happen.
Every company in every industry is dumping employees in record numbers so I can't see why struggling DXC would be any different. It's just a matter of time.
How can the man at the top take raises every year in the millions then say there's nothing left for staff.
Its pure embezzlement, fraud, ponzi.
The guy has halved the turnover in 4 years and the share price has crashed over 50% if you include the buybacks.
It's a open scandal, the shareholders must be stupid.
How much worse can he perform and get away with it?
I don’t think a company who has not given pay rises for 5 yrs would suddenly filled compelled out of guilt to do something about it. Think about the morals of those at the top past and present. Although I got out back at the beginning when the writing was on the wall with Laurie, when you could see how ethics went straight out of the window and absolute greed took over whilst penny pinching on those that mattered, it was plainly obvious to the regions that the company was a classic crash n 🔥 and lawsuits that followed, fraud, misstatements and personal steak cutting lawsuits and it has for me at least become the classic corporate tale of greed when the pay for the top tier just left planet earth reality with eye watering stock option awards being made when the company was failing to achieve its objectives, even after they changed the focus to purely financial, they still failed and yet patted themselves on the back with top tier rises. The mind boggles. DXC will always be for me a tale of corporate greed and mis management.
The management can budget fine, they have been getting thier raises on time for the last 4 years without a problem.
They just like screwing the employees so don't bother announcing any raises till the last minute then they pull them.
Incompence, cheating, raiding, call it whatever they are the most devious set of leaders out there.
If they have any foresight they should announce the staff raises now.
Lots of townh(holes) planned and you will be advised.
Get out if you can, this year like the rest there won’t be merit increases. The executive team can’t budget and you will see nothing!
So glad I left for a better position in January 2023
And it will get worse, the share price continues to nose dive. They could have got rid of DXC to ATOS for $10B 2yrs ago and now it’s worth half the value it was. if as an investor you had invested in DXC 5 yrs ago, you’d now be 72% worse off. Most of the clients I stayed in touch with dropped DXC yrs ago, as they had severe staff shortages and if all you needed was networks and didn’t change anything, then they (DXC) were ok. But I see the big clients have moved all their core functions back in to Global in-house centres or use specific cloud services for their specific core functions, pushing to the top end of the technology stack with platforms as a service, and avoiding all the hardware and software shenanigans. I guess leaving little crumbs on the table for outsourcing these days.
Who knows, the re-org, leaders deckchairs, travel restrictions at start of year rather than end, mysterious pause on end of year appraisals, could all point to something or could just be the usual shambolic leadership we've all come to expect from DXC.
No redundancy for the next month, we have to get through this period so Mike and the crew can keep up the made up "growth story" and get his pay raise.
The month after cuts and redundancy will be happening and the picture painted of no money available for employee raises.
It's the well rehearsed process every year.