Thread regarding DXC Technology layoffs

In the long term, this is good news. Highly skilled employees who are let go will get better jobs and higher pay!

For those, who still remain, you better start preparing for leaving and if you have any skills, you will get better job with better pay. Eventually, everybody will be let go, just a matter of time so best to jump ship now than stay and be the last one to turn off the lights!

Thousands sacked, lived ruined, I hope someone is made accountable, and that the managers who followed orders experience the same redundancy!

Sh-t company. Love to see it go down the pan, along with Shareholders who watched it all happen!

MickM

Its SOP to leverage synergies and remove duplicated capabilities and excess capacity but these f__kwits just slashed indiscriminately. Burn bay burn. Hopefully, Lawrie may end up having to explain himself (unlikely he will return his ill gotten gains) and the Salvino will be required to do the same.

here we go again. UK DevOps lamenting. We have heard this enough. Do we really have any business in this area?

Interesting that the article referred to says Lawrie "had his own internal forecasts that presented a different picture - a planned workforce reduction worth $2.7 billion in the first year alone, nearly three times the $1 billion of total “synergies” that investors were informed of."
This is exactly the plan he executed leading to the collapse of delivery and the inevitable follow-on collapse to revenue, which is still on-going
But we should have little sympathy for the investors - they allowed Mr Shouty to decline a $10B ATOS offer 2 years ago. Today DXC is worth $6.6B (almost exactly same as it was at time of the offer) and that $10B if reinvested in say Accenture shares would be worth $12B today or $13B if you picked IBM instead. Instead of doubling their money the investors let Mr Shouty make himself chairman as well as CEO so they can't even sack him like they eventually did to Mikey1

They can complain because this became the largest IT pure play company in the world. They had enough skilled resources to wipe the floor with competition.

Instead they cut all the best staff to maximise their bonuses and instead of increasing revenue they have not won a single major new IT contract since.

And to top it off this cycle is self repeating. This year they’ve let anyone who wants to leave walk out too. And given NOBODY a pay rise, not even skilled staff who deserved a pay rise, not even to retain them.

Half of UK DevOps gone, skilled techies gone, senior managers gone. Literally whole departments have been decimated. Only the sh-t remains. And they’re hiring grads and oddly they’re leaving in their droves too.

But we do have money for SlaveIno and his sh---y leadership team and ofc Manchester United.

I don't get how they can complain every company takeover/"merger" does the same thing, replace expensive resources with cheap ones.

Yes DXC went too far, but the principle is SOP

One word
Karma
Catches up with everyone, eventually !!