At my location we’re seeing mass quantities of people leaving on their own. I truly believe that it’s a similar case at other locations, at least in the US. Can such a high turnover rate slow down the planned layoffs at least for a while? I can’t believe I’m even asking this question and if I was a couple of years younger, I wouldn't think twice about leaving myself. Given that I’m close to retiring, let's say this question comes out of desperation.
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WFR e-Mail last sent at the end of May for Q1 20 so Q2 should be due .
Volunteers jumping ship in "normal" cases would have an effect in some places, but not this sh1t show.
Elsewhere the reduction target would be a fixed one - ie a certain headcount in a country or salary savings total, but here its the actual body count itself that seems to matter.
Therefore people leaving of their own accord seems to provoke more desperation and others originally not in the cross hairs suddenly find themselves lit up.
Just another example of pathetic "leadership" and an absolute dictatorship.
No. It will continue for another year. It just means layoffs burn through quicker to counter-balance the delays found in laying off people in "complex" countries i.e. countries were workers have basic rights written into law.
Of course the layoffs hurt companies too. Although you'd be hard-pressed to find the bat-eyed fool at the top of DXC taking any notice. The losses can be summed up thus:
- Innovation loss - Innovation springs from creativity and creativity from collaborative working together to create new products, not a few 'remarkable' individuals. As teams have been broken and destroyed, the lack of motivation and creativity is broken and innovation stops.
- Intellectual property loss - Every time it sends people out the door, it loses knowledge of the Business
- Business relationships - not the contract ones, but with real people and customers. When DXC send people out the door, the organization has to start rebuilding interpersonal aspects of the business all over again.
- Cost. Ok, this is the true meaning of the word "Ironic". When a company lays people off, it thinks it is saving itself money. And yes, it does in onse sense. But every time you layoff, have to staff up again (albeit with cheaper inexperienced staff): hiring, getting them up to speed (that takes a long time) which means lots of lost productivity and rework. The rework figures on DXC deliveries were quite high last time I saw them and they guys whose job to measure and report this to clients were themselves layed off, so such insight stopped. Not that DXC cared as they hate smart a$$es telling them they're failing when they already know.
- Trust - when people are sent on their way, you undermine any sense of trust that the remaining employees might have. How long before they are in the next batch? That affects morale, employee effectivenerss and productivity.
- Turnover of important talen - when employees don't trust an employer they start looking for other opportunities. The ones most likely to leave are the ones that will have the easiest time finding something else. In other words, an employer change the top talent off to their competitors.
WFR are real and announced by saleh and lawrie.
just read the earnings transcript.
Doubtful. The WFRs no longer seem to be following any logic, other than if they're making decent money, axe them. Regardless of customer impact. Feel you with regard to the age thing, at one point I wanted to be WFR'd. Then I started approaching 50.
Not for europe. new round of wfr just started in complex countries.
1000s of new layoffs expected.