All of you doing a happy dance over this do know this means they'll just make sure more people are laid off to both placate the shareholders and reduce the costs in hopes of improving the results for the next quarter?
We all know DXC management knows no other way of improving results, so this is now a given. Why would you be happy over something like that?
Because I’ve applied for VR 4 times and been rejected, and I don’t want to leave money on the table, so if this drives further harsh WFR I’m all for it and hopefully 5th time lucky.
@uob
"Because IBM will take over us"
DXC currently has no USP (Unique Selling Proposition); serious debts and issues with balancing the books; little new business and massive legacy business run-off; a huge skills gap because of all the WFR and a board who are all essentially "one trick ponies".
Little wonder that WalletInvestor are calling DXC as a candidate for dollar stocks next year.
Just to be clear, I worked for the organisation for 20 years until April 2018 and was fiercely loyal to the brand until the final 6 months, when realisation kicked in that I could do better working for myself, so I took the package and proved myself correct.
Some of us actually want out but don't want to walk away from a nice pay off. No raises in 4-5 years I have been here. I have applied twice for VR and been rejected. Happy to take a VR if it saves CR for the remainder of team.
DXC and its antecedents were profitable for years. Did they share this with employees? Of course not, they stiffed them and didn’t look after them. I feel for all the staff fighting for basic survival in the the sh–show that is DXC, but the Shareholders, they can get fooked.
you are the right employee for dxc
Auzzie guy, no you are pretty much insulated. Just deal with little Sri Lankan Napoleon and so long as you can keep him happy you are golden.
Well this is an F. The work culture in Australia is really good compared to the other companies here, and I'm currently working there now.
So this is news to wake up and apparently its a big f— fest back overseas. Any implications that'll happen to us?
I'm happy because it finally is a reaction to the cluster-F that has been created by the board.
And the only reaction that tells them that they have gone wrong.
The don't listen to missed SLA's, torn up contracts, over worked staff, quality people leaving by their own hand and more.
No, they have pursued maximizing shareholder value at the cost of anything and everything else and now that has failed.
By their own definition of success, they are washed up.
None of us ever benefited from their success, quite the reverse in fact.
Karma, its a b1tch.
Because it shows that the snake CEO's appraoch is failing and he's being found out for the c–t he is?
You really think the stock going up would somehow reduce the RIF or WFRs? The stock going down is the only thing that will wake up the stockholders and force a change. If you don't want to live under Mikey and Steak Chop, you should do everything you can to negatively impact stock price. Or you could just leave and give no f..ks.
It’s a net positive. Mike and his cronies get screwed on their shares, shareholders who supported his greed get screwed. Maybe the company will be broken and sold with better management.
Because IBM will take over us
Because it damages the b*stard shareholders where it hurts the most - their pocket.
It makes little difference to me.
As long as DXC keeps floating (it will), I'll still get my redundancy money but the shares crashing hits the B*stard shareholders who are in effect supporting ML.
I'm glad their greed is being punished - roll on more I say because it may mean we get taken over quicker - and the shareholders get even less money for supporting ML - good job I say.
Some things are more important than me and my job. I expect the client account that I support will not renew. That is a real problem not honoring obligations. This company is wrong, wrong, wrong.
Schadenfreude.
„cause I couldn't care less about my employer, in the same way they couldn't care less about me.“
RIGHT
With everyone working projects with no labor planning across the board , we spin our wheels begging to get resources assigned, it was bad enough before all the RIFF's, now it's next to impossible. The company has no clue how to manage. Weeks to months to approve a software license PRB for already approved project, is not now a successful company runs.
Hope the stock keeps sinking and all the free stock the board got as bonus and pay raises go into the sh*tter. Servers them right for not giving us pay raises
Because Wall St has thought for quite some time that the management was doing what needed to be done....that's why the stock almost reached $100. The only chance this company has is for a new board and a new leadership team to come in...and the only way that will happen is if investors scream and shout that there needs to be change....and the only way that will happen is if the stock tanks.
Because I couldn't care less about my employer, in the same way they couldn't care less about me.
Nothing bitter about the hard working + loyal people that ML and DXC has let go off and replaced with lower cost centres, graduates for all the dream of reducing staff nos down and boosting share price up and chasing up ML dream of further riches for himself and not others.
Most people within DXC / or even CSC when ML took over haven't had a pay rise, promotion, have to work excessive hours (often covering people who left) or training and it's DXC + ML fault entirely on the current and possible bleak prospects of this company
If the stock went up or didn't drop it would show that ML and the boards plan with all the RIFF's is a good one. It's not, DXC can't compete with the BIG cloud consulting companies no matter what companies ML buys. DXC management doesn't know how to succeed, that is the problem
Because these people have been screwed royally by Lawrie and his team of misfits. Get a clue this company needs to fail.
Because maybe now the world will see that ML plan, is no good ! The stock price really doesn't mean that much except for the board's jobs.
All I care about is income and that they have enough money to pay me.
The shelf life of CEO's is on average 5 years ... I really think this company needs a new CEO and new Head of HR ... time for change
Well hopefully it means for us employees who keep getting rejected for VR ... we may now get accepted.
Mainly bitter people that have already left. But for anyone who is left it's shortsighted in the extreme. The company is garunteed to fail if this is how the mojority of its employees reacted to news of this nature.
Sad day for DXC in more ways than one.