I’ve worked here for 7 years in the UK doing ERP projects. After watching a few town halls it became clear that we are f@&ked. Mike v2 or ShoutyMcShoutFace as he’s known is nothing but a charlatan. He has delivered nothing of any value since his appointment apart from lowering the stock price and morale to point even lower than Mike v1. Anyone expecting anything like a reasonable salary increase is in dreamland. If you scored a 1 on your appraisal you might get 3% when they finally announce it. Then it will be a sliding scale to sweet FA.
I’ve decided I can’t wait for WFR and have accepted another job elsewhere with close to 30% pay rise.
My advise to anyone would be to get that cv out there. If your waiting for this leadership team to do anything other than look after themselves then you’re in trouble. Expect more of the same. Even the town halls have been ki---d now and that should tell you everything you need to know.
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The new guy is already decided - it is not someone who eats "bagel" or sips "brandy" but someone who is "gooale" oriented.
I am heartened by the lucid and cogent posts made against this thread. Please take the time to read them. and decide if you need to act accordingly.
In his three years as President and CEO, Salvino has delivered nothing but disillusion and pain. He is a man with no substance or honor, and like his predecessor has demonstrated he lacks the ability to turn the company round. Appointed Chairman to the board in May 2022 (clear nepotism), it's worth mentioning he serves on multiple company boards outside of DXC.
A forecast that FY24 will see his demise seems realistic, but the concern is DXC will only be a husk by then, with other service providers picking over the bones of what remains.
The writing is on the wall; it's time to look after number one.
MrShouty is a sitting duck. Q2 will be another disaster. Expect more revenue decline. mr Shouty is on board since Sept 2019, i.e. 12 quarters full of deception. What a scam. He and his kleptocrats are an embarrassment. He loaded >100M USD in 3 years while starving his employees . It is impossible to lead without moral integrity. He knows he will escorted to the exit.
Agree with everything said. The cyber security market demands went through the roof in 2021. Salaries got silly and still are. I recall DXC riffing it’s own cyber teams in the whilst it was putting out flyers trying lure clients with cyber capabilities, when it had very little. I met a UK cyber security MD (I think he did a TED talk and worked with a lot of tech firms. He mentioned DXC (I didnt’t) and although he had worked with DXC he had noticed a large gap between their aspirational marketing and their actual capability. Obviously I stayed quiet to avoid embarrassment, but was more surprised to hear DXC mention out in the field. Many firms do not want analyst with checklists. They want (as they told me) ‘people with the battle scars who know what they are doing’ and will often use their own network to poach the key folks at other firms if they can. I got myself a big healthy pay rise just for a combination of experience and the shortage of skills and experience in the region. There is still a lot of demand and high salaries for IT at the moment but it is highly volatile with people jumping about a lot for the salaries.
My guess is shouty would be gone by FY24 Q2 next year, under pressure from the non-exec board members under pressure from investors who are now questioning strategy amid no payouts. A round of WFR’S And another sell off to raise a few dividend crumbs next quarter might keep them quiet a little longer. But he has exhausted all of his ideas, never really delivers on anything and has lost the respect of most of the Seniors below him, who have to deal with the constant fallout of the cuts and angry clients and would likely encourage their staff to ask the questions they daren’t for fear of repercussions. Assuming Mikey re-appears from his deep bunker - once the Indiscriminate WFR’s have ceased - then he might remind you how together we are strong and how the titanic is starting to show signs of sinking slower or something positive like that.
This advice from @op+1 is good. I got out in early 2021 and have not regretted it at all.. in fact my only regret is that I did not leave earlier!
Not going to bash remainers here or gloat about increases etc. However, if like I was, believing your the wrong side of 50 (not in a senior role) and thinking your experience may not count... you'd be be wrong (as I was) it does.
The India based providers are eating the GSP/MSSP markets for lunch, unless selling niche solutions with 99% automation... it makes a c
ompelling proposition for clients as the labour pyramids/cost models default to rupees/hr...
Many of the India based providers are looking for customer facing people with good Cybersecurity experience... Read again 'experience' not hands on... The European and American client footprint mean a lot of 50+ DXC types (currently doubting themselves) will be viable propositions to many India based providers, get those CV in.
Hasten DXC Demise by removing yourself from the talent pool, don't be left gasping when revenue's have been 'stabilised' into oblivion by the lunatics in charge ...
I think DXC execs had the intention of a Broadcom model - almost a VC, moving fast, buying assets, maintaining revenue generation engines, selling the loss making etc.. But they just have not hired any exceptional talent who is capable! In the best traditions of Capitalism, a business that cannot Increase revenue and reduce cost goes out of business - just don't be there when it happens...
Expect a new leadership team by end of the year.