1. It makes no difference to your chances of surviving a round of layoffs if you work hard or do nothing. Layoffs at DXC are a numbers exercise, with no consideration for performance.
2. Managers don't care what you're doing, or not doing. They're in the same place as you (I used to be one), wondering when they're going to be laid off themselves. I often found myself being 'under consideration' for WFR whilst trying to work out which of my team of good people I had to lose. It's not a great place be as a senior manager who wants to do good things for their team.
3. There are no rewards for high achievers. No pay rise, no bonus, not much chance of promotion.
So where's the motivation to achieve? Where's the motivation to work hard, when working hard gets you exactly nothing? That's right - there isn't any.
Copied from +1i7gd0gK. Very well said. Unfortunately, there are even more reasons to lose motivation here.