Remember how we used to think that the merger would bring some layoffs and then it would have been done? No more layoffs for those who remaind, focusing on our work, getting the company back on its feet...
Yeah, that really worked out well for us, didn't it? I can't believe that I actually bought into that crap.
@1qkf Whilst I agree with DXCs likely denouement, i.e. it will eventually be bought by another company, with a current market cap of $29bn it is a big chunk of change for a potential buyer.
However once the shareholders realise what's going on the market cap will decline to a point where the carcass of DXC will be a much easier buy.
What : @SbIuxCv-1qkf said. 100% agree
With morale being so bad currently perhaps the C level leaders should take a look at this ...
https://dms.licdn.com/playback/C4E05AQEBotXxbRUBRA/10b9ffdf52f84cc6bd0b609185e01eae/feedshare-mp4_500/1479932728445-v0ch3x?e=1521208800&v=alpha&t=q6gr97NxteroIxpdzZWf9ziqMsbjpBxwfm8Q4tR981E
Continuing layoffs are another example of how the Trump GOP tax cuts are making essentially no difference for ordinary workers. Companies and executives are pocketing the extra money and buying back stock.
My 2cents (prediction) is this - After the USPS spinoff is complete, DXC will either be sold/merged with another company or will become a PurePlay company. And the PurePlay will be pure BODY SHOP only, with a spin off of State and Local Medicaid accounts.
If it merges with another company (or is bought over), the "other" company would just take over the US State and Local HealthCare accounts and dump the rest.
The whole process will be completed before the end of 2019 (i.e Financial Year ending April 2020)
"It's still available on the web if you look for it."
https://assets1.dxc.technology/investor_relations/downloads/DXC_InvestorDay2017.pdf
Took me all of one sip of coffee to find this. And this is on the DXC site, specifically the investors area. If you are an employee of this company and any of this is a surprise to you then you are not paying attention to the clearest of signs. Mike and Paul even wrote it down for you, the plan for the next three years.
And I agree that it wont end there. This is nothing more that the warm-up act. Expect more in terms of layoffs, doing more with less, automation, etc...
The official DXC invester pack detailed the plan of moving 80% of staff to low cost locations within three years whilst simultaneously replacing staff via automation such as RPA etc. It's still available on the web if you look for it.
very soon you will remember the time when you would be succkking Mikeys cocck
several centers are slated to be shut in 2018 and 2019 across UK and USA, get a job while you still can
In ES we though this was going to be bad as well. To think otherwise is delusional.
Jeez someone actually swallowed that BS?
ES I take it? Anyone from CSC knew what to expect... its endless war on the employees.
The current schedule is for 3 years of carnage, but that's only the current plan. It won't end there.
Wall Street demands increased dollars and the company just continues to haemorrhage revenue. Mikey has managed to lop 10% of the revenue off each year he's been in charge of CSC/DXC and that's not ending any time soon.
Where is the end? Its never coming.
My prediction, after year 3, another major spin merger acquisition and then repeat the massacre. He's the turnaround asset stripping king of the world.... and the shareholders love him - check out the share price this week.
Before the merger it was as clear as a written PowerPoint presentation that not only were their to be layoffs, but also a projection of how many and how long this was to be the status quo...
Their is no "WE" in this statement...
OP:
Only idiots believed that the layoffs would end after the merger. Many of us knew that the layoffs would only accelerate and the company would be sold off in pieces!
Is this from India?