I am quite convinced that the leadership thinks it's making the right moves, even though the company is sinking more and more every day.
I wonder how much longer things can go on like this with so many inflated egos at the top doing terrible damage to the company?
6 replies (most recent on top)
Hey Gang! Mikey here!
I'll have you know we are doing really great things. Amazing things, that no-one else could ever do.
We're shrinking the costs of the running DXC by laying you all off! That helps to boost profits, and puts a bit more money in my pocket, and lets me pay my Finchy a bit more for the great 'services' she gives me.
We're buying back shares as fast as we can! That boosts the EPS, which means that I earn more money for doing nothing. Tell me that's not amazing.
We're feeding loads of B.S. to the markets, and they're still believing us. That's even more amazing.
You lot are just so negative. My objectives are to boost mine and Finchy's bank balances, and I'm doing it really well. What are you complaining about??
I'm Amazing!
It's called asset stripping. Execs profit yugely from running a company into the ground, then move to the next victim and rinse/repeat. Perfectly legal (but not ethical) and it's been going on for decades.
They are butchers not builders.
This team will take their cleavers to another company and do the same thing after a period of time. Mgt teams like this are everywhere in the US. Go back on the history of these type of people and you will be able to follow what they do.
You should know this by now anyway.
Thick skulls understand this and drill this in to your heads.
An army of cronies at VP level and above have been hired in the last 2 - 3 years at pretty high pay and stock options. They bring in their cronies to keep them company. It is a 16 billion dollar company with some shades of HP, EDS and CSC. It will take some time to die. So essentially the group which has landed here will be busy in LinkedIn sharing and resharing. Spend time on diversity, Inclusion, townhall, pride events, Climate change and all other things and pretend that they are doing the right things. In the meantime, they slowly siphon off the company and pay themselves a fat paycheck. Of course they do throw in a few pennies at offshore locations (cause the execs have to travel there and have some fun time - call it team building).
It is an extremely difficult market in IT services and even seasoned companies are struggling to find ways to improve their margin at the onslaught of the Indian pure plays. We do not have a chance with this non-charismatic leaders who have no track record of doing turnarounds let alone in tough situations like this. They have 4 years time on their hands and they all will rake in moolah till then. It is upto you employees to make your choice and decide your future.
too big to fail... cough cough
how can they believe this though? they have access to the data that they report to the markets plus a lot more internal data that clearly shows how badly things are progressing, or are they all in a continuous state of denial or even believe the fantasy they spin to analysts every quarter to justify why the results - once again - failed to meet expectations