It was only a matter of time
https://www.streetinsider.com/dr/news.php?id=13382184&gfv=1
31 replies (most recent on top)
Maybe they'll spend millions to come up with a name for NewCo only to settle on DXG
USPS doesn’t know what they are in for. Newco equals Dixie on steroids. Run!!
But is USPS truly done with Mikey if he is chairman of the board of the new company?
@PHUxyoB-1trf UTC is managed out of the USPS ITSM stack. One of many crossovers both ways.
Apparently Medicaid is staying with DXC at this time, but the presentation I saw had a slide showing the State & Local accounts along with federal accounts and some corporate-speak indicating future deals. Who knows? Depending on what part of the company you are in, going almost anywhere beats staying at DXC.
Per meeting today with Mike L., what is currently in USPS goes, what is currently in America's or non-US public sector (Australia, Europe, etc. public business), stays. A few exceptions to this may have to get worked out. One thing mentioned was Fed Reserve support which sounds like it was in America's. So a few weirdo things like that will need to get hashed out. But if you support something in USPS you are going to newCo. If you are in America;s, you will be staying in DXC with MAYBE a very very few exceptions for some accounts.
Those people are lucky. I want to be spun-off, its so depressing with DXC
So do we know for sure if DXC will retain the Medicaid accounts? The MMIS accounts?
I am not in USPS and I am sort of jealous of those that are moving out of DXC. if only I could get a job outside so that I could quit this sh--ty place.
@1rpw It will be a new company formed as a spin-merge similar to the HP ES/CSC spin merge which formed DXC. Whilst managers from all parties will take senior positions it will be a new independent company and not under the DXC umbrella.
Like someone else said in an earlier post, this is only being done because offshoring is not allowed by the government for the majority of positions. Everyone else is on the chopping block until they get to AT LEASET 90% offshore labor.
Lawrie is a joke. Look at the dude... He even looks like a loser. I have never had less faith in a CEO as I do him... and I've been through Meg, so that says a lot.
"Mac Curtis, president and CEO of Vencore, will become the chief executive officer of the new company. Marilyn Crouther, senior vice president and general manager, DXC USPS, will become the new company’s chief operating officer. Mike Lawrie will chair the board of the new company. Additional members of the new company’s senior management team will be drawn from DXC, Vencore and KeyPoint and will be named at a later date as integration planning progresses."
That doesn't sound like USPS has been sold. Just sounds like a new company still under the DXC umbrella.
If you are in the US and are not in public sector, avoid DXC at all costs. They have a stated goal of >90% offshore labor, and want to migrate to selling a "one size fits all" cloud-based packaged developed by overseas labor. Even if you're a college grad looking for your first job, stay away -- there are a LOT of other opportunities that will provide much greater stability, pay, and benefits.
good luck USPS because you no longer with this useless company, you guys will be happy
Nothing new here.. CSC broke of its public sector last year into CSRA. This is simply history repeating itself so the books can be baked.
How many employees will go with USPS?
I'm trying to figure out how far we are down the path to the ideological goal of 100,000 employees.
We've so far had a little RIF here and there and all of the HPE network people to AT&T and field services chucked out to that other side company thing.
Leaving the Medicaid business is only a matter of a margin grab. With the exception of start ups, the business is profitable. They do not understand the business and they continue to strong arm the accounts to off shore positions when the contracts say they can't. Trying to eliminate jobs and pay for off shore resources with our own tax dollars really pi$$es me off! I cannot believe the Medicaid contracts are STUCK in this downward spiraling company. He was in Pontiac 2 days ago and met with all of those people knowing this was happening in 2 days. He is such a gigantic piece of Sh!t. There is and will continue to be a mass exodus. I don't know anyone who isn't either planning to retire within a few years or continually looking elsewhere.
This will be USPS employee’s 4th company in ~2 years. Hopefully the new company will provide some much needed stability and morale.
@PHUxyoB-1fsx - Nothing to do with UTC, This only affects US Public Sector.
Hmm, what will happen to United Technologies account?
The reviews are dismal.
Recent IPO filing, moody ratings, top down management, cost cutting, expensive health costs, remote working limited.
I do not know what the new company will be like, but I am very glad to soon be gone from DXC! I just hope we get to keep our vacation (a 20+ year employee here) and hope our bennies are not more $$ as DXC was already stupid expensive. But at least there is hope now for a better place without totally moving on. I like my project and my co-workers so glad to keep on moving forward with them (at least for now and hopefully longer).
"Certain state (and local) business activities in the U.S., such as our support for various state Medicaid operations, will remain with DXC....."
Sigh.......
See ya Pontiac mafia, thank GOD!!!!
What will the new company be named?
Yes, MMIS will remain with the ducks
Email from Mike states,
Certain state (and local) business activities in the U.S., such as our support for various state Medicaid operations, will remain with DXC, as will international (non-U.S.) public sector business.
Does this mean all the MedicAid (MMIS) accounts will remain with DXC ? Will someone please say NO
We have to pay this waste of a CEO to be some d---beat board member!!
He will be on the board of the new company.
USPS was always bait for sale on the market. Good ridence from DXC this couldn’t have happened fast enough. DXC being chopped up and sold off from this dirty ruthless CEO
It indeed was! Am happy for those people to get out of clutches of Lawrie from day to day perspective. He will still milk his millions from being on the board.