Has anyone heard of upcoming pay cuts - 5%???
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If you still work at this $hithole, you are either an id--t (literally) or an azz kisser (or both). Which category do all you whiners fall into?
For all of you who think this won't happen...It already has once in CSC (2008 if I recall correctly). We took a 5% pay cut and have not received a pay increase since.
This thread too. Evidence please.
Do anyone have anything they can point to that states a 5% pay cut is coming to a DXC office near you?
Otherwise, bunk.
@@@@@@@@@@@ STRIKE @@@@@@@@@@@@@@@@@
I know it won't happen, but if they cut our wages we should all go on strike. If the workers walk out the company will either fold or give us our wages back as they were or better yet with increases.
The company is already saving millions from the US Tax cut, ML and his NEO's are getting BIG pay raises and GAINT bounces, so the company can afford to give raises to people that work hard.
As @UdGT34a-1myz said, this isn't a measure to save a bankrupt company, its a measure to increase profits from fairly sizeable to astronomical.
Quicker to give ML and his clueless cronies the finger when suggesting that the workers take a pay cut. What does his HR GF say about the pay cut? Clearly it is a morally reprehensible move on the part of a desperate employer.
You pay peanuts, you get monkeys!
Sorry Tumphater just a minor correction ML's cash bonus was actually 400%, it was 200% to start with but he did such a great job they doubled it again but conveniently showed that as just 100% but the bonus figures don't obfuscate, base salary $1,250,000 cash bonus was $5,000,000!
Your right the 200% was Fiscal 2018 Incentive Target and then there was the actual reward.
F--- ML he believes in Incentive for him and his NEO's but not for the rank and file
5 percent pay cut is better than being let go. But I agree if I get a 5% pay cut. Then I. Work 4 day weeks and no overtime and I sue for past overtime that I am not getting.
If Mikey enforced a 5% pay cut then the simple answer is to bill 5% more effort to an Admin WBSE and work 5% less.
Yep heard this all before at HPE. However how else will DXC recoup expenses to pay for Mikey's $32 million in pay for 2018? Target the workers who are obviously earning way too much.
So glad that I was WFR'd and escaped from this f@cked bunch of monkeys.
Pay cut is better than suddenly being let go, but walking away and getting a new job is better than a pay cut! I've gotten 25% raise by leaving, and making more than I EVER would have made by staying there! You're not sipping the kool-aid.... you let them hook you up to an IV of it!
Bring on the trade war losers
What do you mean they will have no staff!? This forum is crammed full of people desperate to cling onto their employment with DXC. It's very sad. I'm sure many DXC staff will accept a pay cut so they can keep their jobs. Who knows why? I left this train wreck of a company as soon as I could. Anyone with any skills should do the same. The rest of you... well... good luck!
Sorry don't believe this, they might as well shut up shop if they do this, they'll have no staff, they'll get no new customers, and existing customers will walk when then inevitable decline in service happens.
Thankfully I'm in the UK so even if it does happen, I will happily tell them where to stick it, and as others have said in the EU the last time they tried this idiocy the take up was so small they'd be stupid to try again...
oh hang on...
Sorry Tumphater just a minor correction ML's cash bonus was actually 400%, it was 200% to start with but he did such a great job they doubled it again but conveniently showed that as just 100% but the bonus figures don't obfuscate, base salary $1,250,000 cash bonus was $5,000,000!
I also recall being asked (I'm in the UK to they had to ask) to take a pay cut in 2009. I sat down with my manager and asked two questions - (1) Will we get it back? Answer at the time was 'no' (2) Will taking the cut guarantee my job? Answer was 'no'. It took less than a second to make my decision. I don't know anyone who took the pay cut - I heard a story that in the Netherlands the total take-up was in single figures...
Pay cut is better than being let go (WFR, fired what ever). But we head since North America didn't make their numbers , WFR will be in full swing in the India and the US.
Then you look at the DXC_Proxy Statement,Executive Compensation 20 to 60K raises, 200% Bonus for ML and 110+% for other EXEC's. But none for the employee's.
Where is my $1,000.00 bonus Trump promised
There are no depths that this sh--ty company won’t go too. If the paycut rumours are true. Don’t know how it’s even still in business!
Nothing would surprise me. They are trying to forcibly save 14% on all supplier quotes (still) and refusing to actually buy if the reduction isn't met. Doesn't matter if the thing they are trying to buy is mission critical for a client either. I've seen all sorts of support contracts walked away from - because who negotiates on kit vendor support prices? Hope nobody needs Oracle patches anytime soon...
Of course they will try to tell you that they either get staff to agree a paycut or they will lay more people off.... which will be a lie because they will do both.
Sadly in some parts of the world they won't even have to ask, but just cut your money.
80% of an DXC exec's bonus is tied to meeting financial targets and 20% on meeting customer satisfaction. In any target conflict, the financial one is always going to win. If that also looks like failiing then they request more staff custs in those areas to bolster the margin. SLA penalties are generally lower than the cost savings anyway.
I recall getting the 5% pay cut mail off Hurd when I worked for HP.
In the UK you have to give your consent. I remember returning my email refusing the pay cut within seconds as did the vast majority of my colleagues.
A local manager told us that accepting the cut was the "socially responsible thing to do". We still laugh about his naivety now, as does he now he understands what a bunch of shysters there are running American big business.
If Lawrie does try this you have only yourselves to blame if you sit and take it.
The economy has nothing to do with it. You slugs have demonstrated that you will accept and tolerate constant, ongoing abuse. So this upcoming paycut is just another knife in your back. Of course many will complain and a very small number will leave. But most of you will just s--- it up and swallow the koolsid.
No way. What could the justification possibly be? With HP the economy was in the tank and it did help to avoid some lay offs.
There will be a 15 % or 20 % pay cut announced shortly in DXC, most likely October . Then I'll put in 15% to 20% less hours per work week.
Per the DXC Proxy documents for Shareholders, I guess pay increases and bonus is good for the motivate executives, but not for the rank and file that do all the real work. Bonus of 110% for NEO's and 200% for ML.
"We believe that compensation should be competitive to attract the best talent, motivate executives to perform at a consistently high level, reward individual contributions that enhance DXC’s ability to deliver outstanding performance, and retain those executives with the leadership abilities and skills necessary for building long-term stockholder value."
When Mark Hurd was CEO of HP Enterprise Services the salaried employees took a -5% pay cut and the hourly folks took a -2.5% decrease, this was effective in March of 2009. They also reduced the 401K match from 6% to 4% as well. Then the next CEO Leo Apotheker gave us back what they took and our pay rates were restored effective 02/01/11.
This had better not be true or materialize at all...
we took a cut like this when Mark the F!@#$%^ Hurd was herding HPE cats !
I am also figuring out what my normal increases should have been over the last 5 years and will be reducing my weekly hours by that amount no matter if a pay cut happens or not.
I agree with Post ID: @UbItZic-apc, if I get a pay cut my hours are also going to decline even more.
Many of us have been wondering if pay cuts will come next. It is pretty clear that DXC is not paying their bills yet again. If my wages are cut they damn well better let me work 4 days a week (otherwise I cannot afford the gas)! I (along with my entire department - and our sister department) are forbidden from working from home. Well.... Unless you are management. rolling eyes
There will be a 15 % or 20 % pay cut announced shortly in DXC, most likely October across the board, from top manager to the wage worker.
It is yet not clear if this is a global direction or only in some countries.
Haven't heard about an explicit pay cut, but I have gotten an implicit 5% pay cut every year for the last five years, seeing how I have gotten no raise or bonus and my cost-of-living expenses keep going up...