Thread regarding DXC Technology layoffs

Whats Raul's going to do?

If we look at some points where Mikey lost it, his major fail was blasting staff when they asked about pay. So Raul needs to pay the folks quickly to get them on board.

Next he abused the executive privilege by employing 3rd level friends on excessive salary's who are clearly not capable. Raul needs capable execs.

Then he took excessive pay for himself and his gang whilst telling everyone else there was no money.

He widened the management layers creating massive paperwork authorization burdens, until they duplicated every tasks done and stopped chargeable work being done as it was too burdensome for the folks. Don't talk about processes and efficiency, reduce management layers.

He followed with massive buybacks in billions to boost his shares but telling folks there was no money.

He kept telling the Analysts that there is 800 million Free Cash Flow produced but no money for the folks.

The pattern and manipulation was obvious. When you lose the folks you have no business. The people can grow the business if you treat them fair.

Don't lie, don't rob the company, and remember staff have families and dependents and need pay.

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| 2731 views | | 11 replies (last January 14, 2024) | Reply
Post ID: @OP+1qdF7zzJ

11 replies (most recent on top)

If your still at DXC , leave it has been 13+ years with hardly any pay increases. I had on e for $900.00 Lowest ever in my 49+ years in IT. Then another one of under 5% in 2022 . 2 increases in 12+ years, when prior to that I got a 7% or better every year. If your still at DXC it means you can’t get a better paying job elsewhere

Why did I stay, I worked from home for 10 of those years , near the end I had unlimited vacation , I knew my role and was a specialist in my feild where people with Certs came to me for help (thught that was funny, they could take test, but couldn’t debug an issue). I worked with a good team of people for the most part, a few were useless but talks a good game or at least the director thought so.

Now 1 year since I left, I see the same issues, no merit increases for people who really do the work for the company, Too many contactors that don’t know sh*t and extend the projects so they make more money,

Change control takes forever, take more time to write changes , dot the “I” and cross ther “t”’s than to do the change.

Sitting for hours on CAB call, where the change managers aren’t technical enough to under your change and how it affects the hundreds of others being reviewed.

Executive management bullsh*T performance reviews that go no where, why waste all the time if your not going to get a pay increase?

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Post ID: @mrsy+1qdF7zzJ

@2kbp+1qdF7zzJ - if that happens some pieces could survive

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Post ID: @3ixu+1qdF7zzJ

Don't be surprised if something radical for happen. Interim CEO (X1) resulting in a split of at least 2 organizations and 2 full time CEOs.

It's been planned for over a year with the full leadership turnaround, Mike was just the final pin to pull before they execute the final split and spin of DXC into multiple smaller orgs.

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Post ID: @2kbp+1qdF7zzJ

The board allowed not paying the staff and excessive pay, so don’t think for a second that anything is going to change in that area !

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Post ID: @2oqf+1qdF7zzJ

We will grow platform X and Data and AI

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Post ID: @2xsa+1qdF7zzJ

Yes he doesn't care. He's done alright for himself. Set up for life thank you very much.

What needs to happen from here on out is that everyone's bonuses need to be based on real growth not readily faked bs. Growth figures like revenue and net profit.

With incentives for genuine growth it might make them pay a little bit more attention.

Otherwise all dxc is doing is inviting another bandit and his mates to a free pay day

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Post ID: @1uqr+1qdF7zzJ

It was quite a uniformly spectacular failure over the Sep 2019-Dec 2023 timeframe.
Revenue down every single quarter and DXC now one third smaller than it was when he started.
Share price down also by over a third in same timeframe, despite $5B of asset sales and a similar amount of stock purchases, leaving DXC as worth less than $4.5B today.
He even managed to miss out on $50M in bonuses by failing to sell the company on two occasions when he got offered $10B!! Now even though he walks away with a totally trashed reputation and $13M payment it must hurt to have missed out on so much - then again his annual bonuses added up for this complete and utter failure equal a similar amount over 4 years so maybe he just doesn't care ...

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Post ID: @1jms+1qdF7zzJ

Also, with the money wasted on football (soccer) and Formula 1 racing which has brought us zero new business, it would hVe provided bonuses for all.

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Post ID: @vtq+1qdF7zzJ

Yeah the interim guys will do f all. Not their job.

Keep the lights on and wait for the new guy to arrive (with all of his mates and a new squeeze... Sorry HR director.

Then they will fire the top two layers of management and whip out their (stolen from previous company) play book which won't of course work because this is dxc not insert name of successful company

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Post ID: @wjg+1qdF7zzJ

Looking back he was just in it for himself and his friends.

He had no intentions to grow the company. Mike was a fraud who embezzled the company, any decent replacement will do much better.

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Post ID: @udw+1qdF7zzJ

As interim CEO Raul isn't likely to do anything radical, rather keep things going 'as is' until a new CEO is in place.

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Post ID: @zgn+1qdF7zzJ

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