Thread regarding DXC Technology layoffs

Their model seems to be let their most knowledgeable leave the firm rather than give them COL and hire people that know nothing for less. Those that remain have to deal with even more stress added to their jobs cleaning up the messes of the newbies.

Probably they'll spend that money on stock repurchases, to prop up the stock price. They've done it several times before, and they never answer directly when challenged on why there's money to do that but not to pay employees enough to keep up with inflation.

Two words: Treasure Bath. (Look it up on YouTube along with "history of the world".

I'm not expecting a pay rise.

• They tell us there is no money.
• We're all still here - so obviously that's ok then.
• I've done significantly less than in past years, when there was also no pay rise either. In fact I'm sure I've just been a cost to the company this year.
• There's no pipeline of new work.
• And they tell us there's no money for a pay rise - get the hint people!

I think we're just playing a game of who gets bored of waiting first, whilst people who don't know me assume I need the money so will have to quit saving them a VR pay off.

No raise yesterday
No raise today
No raise tomorrow

Keep the above in repetition

If you want a raise, it is very simple. Just leave and find a better job that pays.

@cf For the top 10 shareholders DXC is basically noise a third-decimal rounding error on their annual return %. It does not move the needle for them. Unless some id--t in management draws attention to themselves the big holders aren’t going anywhere. Honestly I’d be more worried about Fernandes showing up like a fool at investor conferences. He’s at Merrill in a couple. If he makes a fool of himself that will accelerate the downfall.

@ct You’re right in the end it’s the employees who re left holding the bag. The job market gets worse not much upside for them.

Yet another "they have the money, why aren't they giving us raises?" post. What more do you need in order to understand the answer for when raises will be distributed is: NEVER?

This is obviously a planned, managed decline with a revolving door of executives doing what they need to maximize THEIR bonuses only to bail out when they realize the game is up for them.

DXC is the remnants of the old ITSM model. It's parent companies did that model relatively well...until they didn't. Combining the two was a survival strategy but the customer base for such a company model is shrinking. They knew that at creation, they know it know. Everything we announce is just a distraction from the fact that the company is managing a slow, prolonged death due to obsolescence.

If this slow death march is not only accepted, but EMBRACED, why would such a company hasten it's death by decreasing it's margins further? As in...giving raises.

Agree. It's a complete lack of care. Managers don't care about their staff. So staff don't care about doing the job. Clients don't care what and even if something gets done. The fact it goes unchecked, and everyone says there's nothing anyone can do just leads to more of the same. They don't care if it actually works and is properly secure. As long as someone who's not got a clue tells someone else who's equally inept that it is - we're all good.

Because they don't care. From their point of view, everyone is expendable and can be replaced, which is not exactly true. Also, they think it is better to hire new people than retain current staff, because new ones are not yet disappointed nor burned out. It is a predatory type of running a company, but well, these companies nowadays are no one's. Stokeholders does not care as long as they see they did not blog the money, board will change and move on. It is nothing like "private" company where there are people who cares, think long-term. No. It is completely abandoned, running on a inertia and it is not the only one. One day someone will call "check" on these companies and we will have similar situation as Eastern Europe even the communism failed, because these companies have much in common with state-run companies back then.

You can't have $2billion in the bank and then try and make out to employees your making no money, whilst at the same time you tell the analyst your doing good.

Stop lying Money is there on the accounts to be seen, time to pay.

You can't have a pay rise just because you want one. Yes I know every organisation has put prices up, because prices have gone up! But it doesn't work both ways. Certainly not at DXC. Staff exits are not creating any pain that the people at the top hear about. The plan is to do less and less, for more and more. Eventually we will have no staff, but still be getting a revenue from clients this is the ultimate solution.

The business is well profitable its making over a billion in cash a year. They pay off some debt and do buybacks off a few hundred million. What remains is $650 million which gets added to the bank account.

There's no reason why they can't pay.

Why is there so much cash? What Del Bean doing?

Just remember the business isn't "profitable" and that employees and shareholders can't have any cash.

Actually the shareholders do get something, they get buybacks. Which despite continuing attempts have cost the $6.5bn for zero result other than to adjust the eps in favour of exec bonus trigger points.

Please stay away from that stash. That is earmarked for the hard working exec's.