A sh------e poorly run organisation goes out business and the execs run off into the sunset laughing all the way to the bank with their bonus protected under their arms.
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Sssh don't talk about the 2 billion in the Bank - it is for us the executives.
Will we be taken over and the new owner can dismiss the DXC management ?
@ag The company isn’t exactly swimming in cash it’s got just enough to keep the creditors at bay.
In the UK, if the company actually went insolvent, you’d get statutory redundancy. For more recent hires, that’s all DXC pays. For anyone on or below £37k, there’s no practical difference.
The thing is, the company isn’t broke. It’s cash-rich. Share price isn’t the same thing as solvency — it’s a confidence signal, not a liquidity one. They can afford to keep going regardless of what the market thinks.
In a strange way, the company has done what hopefully you've been doing for yourself. Instead of splashing the cash on a new car - just quietly bank it all. Building reserves to kept the lights on for the long term. The company's achieved that by no pay rises.
So if it does eventually wind down, we can at least say the income was useful while it lasted. Beyond that, for many people still left here now, the financial outcome probably isn’t materially different. £21k pay off is not life changing money. If it is to you please take all advice given. Make this the year you take a new role outside DXC.
Won't happen, they are making $650 million profit from not paying you. There's $2 billion in the bank account.
If you had that in your account, you wouldn't go bankrupt.
This bus is very profitable, the execs will tell you otherwise.