heard that its likely to be the worst ever result for dXc.
Here comes mass WFR - just like Meta, AWS, Microsoft have announced this week... except dXc can't blame AI as the company hasnt worked out the innovation yet, still trying to insert the X factor.
The hit of the earnings call will now be DXC OASIS, the new AI, all things, tooling layer that automatically integrates, controls, and operates everything. Don't mind the continued revenue decline. Stock buybacks have continued to prop up EPS. DXC OASIS will solve every problem, and unlock every opportunity. DXC OASIS eliminates the need for staff so crank up the WFR's. It's great but they never really say what it is. Is it Platform X reborn?
@yd It is even harder to sell a dead donkey which frankly is a more fitting description of this company and its RFP proposals.
@e4 Its hard to sale a dead horse !
@v1 Some staff are reported to have packages worth the equivalent of 2 years salary. You can understand why they are holding out to get it. TBF they have had to put up with DXC for a heck of a long time. They probably deserve it as compensation.
@th there's hardly any Americans left because they were easy and cheap to wfr.
The problem for dxc is Europe. Here employees are better protected and it's expensive for the company to get rid of those.
Equally with a big pile of money on the table employees are quite rightly hoping for a big pay day before retirement.
@j4 in the USA our package at most is 6 weeks pay , so walk away its not worth it
WFR is not new. Since I started working, it has come around repeatedly — typically every three to five years. It is almost always accompanied by the familiar message that the business cannot afford pay rises for those “lucky” enough to remain.
In practice, it has often felt like a mechanism to encourage people later in their careers to leave now rather than later, because without an incentive many understandably would not. Having watched the same cycle throughout my career, and with most colleagues of a similar generation, it is hardly surprising that expectations have formed around it. Your parents probably also got a package to go early.
As a result, a significant number of employees are holding out for what we feel has become an established and reasonable expectation. Given that DXC now appears to run WFR programmes on an almost continuous basis to justify it's 0% pay reviews. It is difficult to argue people should simply resign and walk away empty-handed when WFR is coming soon.
The reality, given the older demographic of the company, is that few are seeking further employment at all. Certainly not in IT. We are just waiting for the several package to leave. Now either the company will pay it this spring, or it will pay us to do very little over the summer whilst it thinks about it.
@g8 Those open jobs have been sitting for months, some over a year. Most aren’t real hires. Customers already gave the work to other vendors, long ago. They’re just left up out of inertia. Talent acquisition is so dysfunctional that no one knows what the real demand is and no one cleans it up because the same mess keeps returning anyway. It’s just an illusion of hiring that still fools a few gullible applicants and plenty of employees. The reality underneath it all is that WFRs keep going on and headcount steadily drops.
When will the narrative of constant WFR disappear? Every week, same posts: DXC WFR, DXC WFR... Look how many openings there are! Wait, not your skillset? Well, here is where you need to face reality: every company is optimizing its workforce where money smells. So, yeah, there are exits due to industry and hype (AI) trends, also runoff clients, geopolitical cr-p, finance, etc. So what should you do? Learn, make yourself valuable on the market so you get jobs in various technologies. But I do agree it is easier to just sit, complain, cry, and blame everyone around.
Penne pasta del benne is already getting ready to cook the books to pay the exec's a good bonus.
The last two townhalls I have listen this month, the exec said was not good. Was surprised they mentioned it actually without results being released. Sales didn't step up but then when has it, so let's see.
AI isn’t their advantage. It’s their autopsy. Buyers don’t read their proposals anymore. They run everything through GenAI which instantly exposes their nonsense and their insane prices.
One pass and it’s over.
Next.