Thread regarding DXC Technology layoffs

The following review on a job recommendation website sums it up quiet well.

Management is awful, short term approach only, no thought or comprehension of planning for the mid/long term...

Little investment in people, always seem to hire from the market rather than promote from within.

No salary updates once your in.

So true after 2 years plus its hard to believe what they say.

Inflation has rocketed, things have become so expensive yet they still offering nothing.

They are just creaming off the profits at exec level. Not bothered if all the delivering employees leave.

HR just ignoring to review existing staff when they are being told of the mass exodus.

Make sure you ask questions about pay on the town hall.

No chance of a retention bonus. They’ve only just removed most people’s bonus who were eligible. I’m afraid whatever they do now is pointless. I have zero faith in anything Turpie or Salvino say. It’s just blah blah. They can shove it. I leave early next year.

Well they aren't meeting the ESG guidelines, especially as Merry, Vinny, and Mike have been taking big amounts of money in the millions and them saying there's none for staff. Things have to change, see ESG governance guidelines below.

Executive compensation
Companies are now being asked to list the percentage levels of bonus payments and the levels of remuneration of the highest paid executives are coming under close scrutiny from stock holders and equity investors alike.

Employee compensation
Besides executive compensation, equitable pay of other employees is a consideration in the governance of an organization.

You're going to receive a 'thank you and see you next year' just before Christmas, twice. Exactly the same as the last four years. You may get a postcard, if your wildest dreams allow it.

You might say Serco offered $250 per person, but you'd be happy with a $250 (before taxes) as your "retention bonus"??

I know its more than DXC are actually offering, but that would be a bit of a slap in the face in my opinion.

I think discussion about it is largely pointless though, they are definitely going to give nothing. If they were, they'd have been crowing about it for months before it happened.

I do agree that some sort of payment in cash or shares is what is needed to motivate the workforce though - after all, it "motivates" the executive, why are we not "motivated" by it too?

Let's think for a moment.

Decent raises for front-line staff who deliver services to clients? Not really. A few, but not much.

Bonuses paid in line with contracts? Never happened, and now bonuses have been removed from contracts, with no corresponding change in salary

Attrition you say? Really? Who'd have guessed that staff will leave if you treat them so badly?

If the excuse is money, they can always offer shares instead.

There's got to be some reward for the hard work and effort during covid and rising inflation.

What amounts are you guys coming up with 10% for me $10,000, I'd be glad for that but it wouldn't be close to the bouns that I received from places before DXC

You need to do your maths it's actually $250 per person.

That's on top of the pay rises they have had for years.

If you include last year's ex gratis payment it totals to $500.

That is small compared to what other companies are offering but much better than what DXC have offered so far.

Let wait for Mikeys Town hall, see if his brave enough to take a lead and make a positive announcement.

Which is $100 per persin more than we are getting here.

Serco... That money is one hundred pounds per employee.

Shame they need to learn from other companies Serco announcement today.

Recognising the extraordinary efforts of our colleagues around the world and the difficulties experienced by many as a consequence of the pandemic, we will be making an ex-gratia payment to around 52,000 employees, as we did in 2020, and in addition we will be making a significant one-off commitment to our recently established Serco People Fund. The fund provides cash and other support to colleagues who would benefit from a little extra help at this difficult time. Together, these initiatives will cost the company around £10m in the current year.

1% raises not enough.

The number of Americans voluntarily quitting their jobs again hit a record high in September while job openings stayed stubbornly above pre-pandemic levels, a sign that businesses may have to continue to raise wages in order to attract workers.

Since pandemic restrictions began to ease in April and the economy began to reopen, more and more people have felt comfortable leaving employment either to retire, retrain, or seek out better opportunities, either with improved working conditions or higher pay.

The quit rate is seen as a good measure of labour market confidence as workers leave when they are more secure in their ability to find a new job.

“The continued surge in quits points to wage growth of between 4.5 per cent to 5 per cent, well above rates that would be consistent with inflation falling sustainably back towards the Fed’s 2 per cent target,” said Michael Pearce, senior US economist at Capital Economics in New York, following the report.

I'm not sure there will be anything positive announced on the town hall.

Motivated staff don't come in to Sals playbook. He sees staff as a rear indicator. He believes that he can win contracts without staff being rewarded.

His strategy is once he wins big contracts he might reward staff. This situation means your going to get average not people going the extra mile. So DXC is average.

A fairly flawed strategy as staff have been left hanging for years so there's no belief in the flawed strategy.

It's one of the main reasons book to bills not growing fast enough.

If you can look after your staff properly how are are you going to look after customers.

When entering a contract for a period of time customers do their due diligence, they do want to sign up to a cheap and cheerful service which does not deliver as the resources aren't been looked after.