I see that KPMG boss Bill Michael has had to quit after telling staff to 'stop moaning' about pay and bonuses. I hope Mikey mk2 learns from it and becomes a bit more understanding to people concerns.
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Even if Mike 2 did saying something similar, nothing would happen, because a) it's a company that no one has heard of, and b) the share price is already rock-bottom.
9nkK7GP; To transform the company better (avoiding removing technical staff) 'start the war on middle management Level L5 - L8; get rid of duplicate managers doing similar roles / task to neighbouring management, get the middle managers needing to reapply for those jobs with independently feed back fed in.
Any duplicate manager or manager cannot meet the grade then make them redundant = more progress to transform the company around.
I note the war on L5-8 continues.
They still either can't tell the difference between technical and managerial roles and just lump anyone in those grades into "middle management".
I guess refusing a raise didn't cause enough to throw in the towel so it's back to selection pools and exit before end of march.
Hard to see how much has changed.
Still, I'm sure dxc doesn't need skilled experts. That modern stuff just does it all for itself right?
Mike S is in over his head and floundering. His lack of C-level experience is obvious on the inside. The last couple of layoffs were supposed to help with the margins, but they underestimated the level of turnover and they are now faced with a shortage of resources to deliver. Couple that with the exodus of sales staff and Q4 is shaping up to be a much bigger failure than expected. Is it really hard to see that the same people that were advising Mike L, are the same people advising Mike S? It wouldn't be hard to see that the same programs/strategies of today are re-branded, failed programs from 2015.
@4lyh+19nkK7GP: Don't you see that you have already played into the senior mgmt hands by responding to that survey. It's an Employee Engagement survey not a Voice of the Workforce. The moment you complete and submit the survey they can say, regardless of your feedback or comments that they have engaged you enough to make you respond to the survey thus pushing their engagement measurement % up. Just because you were honest with them will not matter at all, you engaged and thats whats they will score. If there is less engagement on surveys then its a negative for them and something thats harder for them to pinpoint and fix
Stop posting on the Layoff.com and tell management your issues with the "Employee engagement survey ". I did! Maybe if they get enough honest replies something might be done, state like I did that were all upset that the big wigs keep getting stock options, bonus and salary increases and the people who support our customers get a big fat ZERO
Mikey Mk2 didn't learn anything from Mikey Mk1. In fact, it looks more like he's replicating Mikey Mk1. Telling people to go if they don't like it is tantamount to blaming them for the state the organisation is in.
Unlikely he's going to learn anything other than he's no better than Mikey Mk1
Layoffs coming as the revenues continue to "stabilise"
Billy obviously has Incentive to quit, stop the noise, keep head down and use old boy network to jump back on the 'gravy train' in six months - we should not take his action as virtuousity. Our CEO Is playing the same game, but he is higher up, surrounded by yes men and 'just about' convincing investors! Ths DXC CEO will look like a fake in 3 months, so many quarters 'stabilising revenues' to $15.5B - $16B Annual - all the while increasing debt!
DXC is committed to pay 1000'S @ full salary for 18 months (lucky Europeans). DXC has to then replenish the labour force and cover the inflated wage bill with the tawdry margins.. doesn't work does it? DXC is employing a pyramid scheme on itself, it is a cash 'blackhole'!
Somebody will buy DXC in next 18 months for well *under $10 per share.
I don't think so he will.
It must be in the nature of such a d*#$%s' as mk1 and mk2...