That’s All. First communication from our glorious leader to staff in almost two years. I’d honestly thought he’d been placedon secret gardening leave or something.
16 replies (most recent on top)
2 questions
1 - Where are these follow up emails with growth details in that some say are being sent out?
2 - where is the information of increased exec reward? I can easily believe but I thought that only came out with the FY23 results in May
Not heard anything on growth details.
The only pay increase news is for Mike and the gang.
So once again nothing for employees, nothing really changes here until we actually hear the pay raise.
If Micky is expecting things to change he will need to make that pay announcement, shuffling executives around with new titles and training won't give food to employees families.
Care to share details or it didn’t happen
To be fair we are seeing some emails come through on growth details, still at a high level.
When we see the pay raises being announced we know they actually meant it.
As @3plz+1m3o7lC1 says no details whatsoever of how this growth is going to be achieved.
Just a shuffling of management titles using the same blunt folks at the top, and buzz word bingo.
Be interesting to see the plans in the emails of how the growth will be achieved. We don't want more useless emails about management appointments, we need to see the plans.
The biggest obvious flaw in the plan is Mary as marketing. She can't do pay raises on time year after year, and only send 3 emails a year.
Mike may have a soft spot for her but how the he'll is someone like that going to do Marketing, which is fast paced sell etc.
His dropped a ball with that and he needs to retract that quickly.
Cloud light - Cloud Right - ITO light essentially means just sit tight and do the job.
Same old same old.
Transformation journey completed - most of the managers only know cuts, they are still working on cutting, so either need to be replaced or retrained for growth.
Cronies Seelan, Mary, Drumgoole, Mark Hughes have been there years and never grown the company. How are they going to change now?
New buzzword "Cloudlight" instead of bagels "Cloudright", what's that going to actually deliver, call it white cloud or grey cloud won't change growth bagel never grew anything.
How is Mary the HR director going to do Marketing as well? She can't do HR, just Mike cosying up there in order to keep her.
No detail on how this growth will be achieved, interesting to see the emails "over the next few days weeks......" detailing how this is going to be achieved.
In the meantime Mike has just bought himself more time, and got himself a big raise by sending out the waffle email after 1year + of no communication. How can you get away with that? People thought he had gone.
Good pay for the work if you can get it.
Someone requested a copy of Slavino's email. Here you go:
"Please do not distribute, forward or share the email or its contents outside of DXC.
For the past three years, we have been laser-focused on delivering our transformation journey and investing significantly in changing our culture. I am proud of our results.
Today, DXC is in a better place with deep customer relationships, a positive reputation throughout the industry, an improved culture, and a firm financial foundation. We have reached an inflection point.
As we enter FY24, with our transformation journey firmly embedded in how we operate, we will focus on revenue growth and expanding our FCF (Free Cash Flow), margin, and EPS (Earnings Per Share). We will also transition to a new offering-led operating model designed to deliver on those commitments through our two businesses and six offerings:
• Global Infrastructure Services (GIS) includes Cloud Infrastructure & ITO; Modern Workplace; and Security.
• Global Business Services (GBS) includes Insurance Software & BPS; Analytics & Engineering; and Applications.
What makes our work unique is Essential Evolution.
Essential speaks to our GIS business where we provide services that the largest companies in the world cannot function without. As an example, I was recently with the CEO of one of our luxury performance automotive customers, and he said that their cars don’t run without DXC.
Evolution speaks to our GBS business where we guide our customers to their technology future because they place their trust in us. To stay with the automotive industry for another example, we are the engineering partner that auto manufacturers turn to, to design and build software that runs dashboards and entertainment systems.
While both of these examples are automotive, this is the type of Essential Evolution we do across all of the customers and industries we serve.
In FY24, we will deliver Essential Evolution and focus on our goals:
- Execute on our inflection point and grow DXC
The inflection point means we are done with the clean up, we are headed toward executing on the company we have always envisioned, and the transformation journey is embedded in how we operate. Our goal is to grow DXC which means grow yourself, grow your team, grow your customers, and grow the company.
- Deliver the DXC we envisioned
The company we envisioned will grow revenue, and expand FCF, margin, and EPS.
- Embrace Essential Evolution (why we are relevant)
We are relevant to the technology industry because we are the definition of Essential Evolution. Companies can’t live without us, and we can evolve them to their technology future.
- Implement the new operating model
Ensure that our most seasoned executives can get into the details of our customer accounts, coach our account executives, continue to change our culture, and change the external perception of DXC to Essential Evolution.
To grow DXC and to deliver Essential Evolution and the goals, here is our leadership team:
• Jim Brady is our Chief Operating Officer, which includes leadership of Global Delivery. Jim is responsible for running our day-to-day operations, improving our processes and delivering on our FY24 goals stated above.
• Tom Pettit is taking on a new role as Global Lead of Customer Success. He will help DXC achieve our growth agenda by strengthening customer relationships, coaching our account executives to make sure we are changing the culture, and delivering for our customers.
• Seelan Nayagam will continue to run the APAC Region, including MEA (Middle East and Africa), as we like the way that business has been positioned in those markets and is growing consistently.
In GIS we provide the Essential services that the largest companies in the world cannot function without. Our GIS leadership team includes the following:
• Chris Drumgoole will lead Cloud Infrastructure & ITO. His focus is to get to what we call infrastructure light, which means we will not do deals where we take the people, take data centers and use our balance sheet, and we will continue to have the discipline in deal-making where we will take market share from our two biggest competitors. Infrastructure light will help us expand FCF margins and EPS.
• Mike McDaniel will continue to lead Modern Workplace where he will continue to drive the business forward through improved employee experience and high-quality delivery. Like Chris, he is focused on expanding FCF margins and EPS.
• Mark Hughes will continue to lead Security. In an ever-evolving cybersecurity arena, Mark’s focus is to make sure our customers’ and our own environments are secure. Safe environments mean fewer incidents, which contributes to higher margins and growth.
In GBS we are trusted to guide customers to their technology future. Our GBS leadership team includes the following:
• Michael Corcoran will continue to lead Analytics & Engineering which includes Luxoft, Analytics & Engineering, and Custom Applications. This business has been, and will continue to be, our largest source of consistent revenue growth.
• Ray August will continue to lead Insurance Software & Business Process Services which is a global business that touches 80% of back-office transactions for the top 500 global insurers in the industry. Ray’s focus is to continue driving strong financial performance and growth.
• Brian Miller will lead Applications and focus on Enterprise Applications including ServiceNow, SAP and Oracle to get to growth.
These are the leaders of our Global Functions:
• Mary Finch, CHRO, will continue to lead Human Resources and will lead Marketing.
• Ken Sharp, CFO, will continue to lead Global Finance.
• Bill Deckelman, General Counsel, will continue to lead our Legal team.
Our leadership team will be providing additional context over the coming days and weeks.
Thank you for your contributions to make us successful in FY23, and all you will do to ensure FY24 is the year we grow DXC and deliver the company we envisioned.
Regards,
Mike
Mike Salvino,
Chairman, President and CEO
DXC Technology "
Nothing new from Mike then that playbook is so obvious, how to rip off shareholders and employees by installing a gang to rip out the money.
Hey Gang
Haha I can't believe you lot, I've managed to get $15million raise again this time unless the shareholders vote it down at the agm.
The so called renumeration committee independent nod Nod wink said I'm doing well even though there's no growth for 4 years.
My email about end of transformation and go for growth, was unbelievably taken as happening by the dummies.
I did something similar a couple of years ago with "Sieze the market" and I managed to half the turnover, I actually meant that the market was siezed ha ha and I couldn't grow the company. If youre thick not to work out the buzzwords then I'm happy to take the extra pay.
As for you lot the so called growth good news is just for this quarter for me, once I get my raise it will go back to cuts, so when it's time for your raises I will say no.
It's all in the playbook.
Mr Shoutly email was about the success in the transition and to name a leaders changing roles. Nothing big
Its unlikely this email came from Mr Shouty given he's not used his account for 15+ months, much more likely the account is one of those hacked by the Latitude financial breach and a bot just sent a generic email as cover ...
Institution of the constipation of the pulpitation of the foundation of the automation of the suggestion of the revelation of the obligation of the injunction of the evolution of the essential.
As expected he turns up at the time his inflated pay will be awarded.
If his confident then let see if he announces the staff award now, instead of keep pushing it further down the line like every year.
If you think you are good at delivering all your saying, deliver the pay raises now.
Then we know how confident you are.
He's rolled back the stone and arisen! Just some nonsense about executing on our inflection point and the transformation journey.
can you share it for us EX DXC’s people?