Now that it looks like we'll be all getting a significant pay cut, I'm just wondering what people here prefer: a pay cut but still having a job or risking a chance of being on the list of next layoffs but still having the same pay?
I'm asking this because I assume that a pay cut across the board will mean fewer layoffs down the line. Or at least I hope that's the case.
The 5% pay cut rumour is just that... a rumour started on a slow day to get us minions riled up...
No evidence = bunk.
Sneaky strategy to save money on WFR payouts. Was that approved by ML's HR GF?
Don't forget a 5% cut also means a 5% cut to your severance when they cull you a month later
@UdGT34a-2azc sounds like all the clueless clowns called DXC employees are devoted to staying employed while the ship sinks faster and faster. However Captain ML has already abandoned the ship and who will save the passengers? Certainly no Luke Skywalker is available to rescue anybody.
The town hall on 26 July will reveal the truth and be prepared for Mikey's charity bin to collect your excess cash.
Take this energy and go look for another job. Yea for you younger people that is an option, for us older employee's not so much.
I have been looking for years, but only have found contract jobs with no benefits, so for the time being I'll complain about ML and the directors getting bonus and pay raises and rumor pay cuts.
I also would like to know if this so called pay cut in the US is fact or fiction, but a lot of posts have no proof and that's a shame.
H a p p y F r i d a y!
You seriously think a pay cut will make any difference to their strategy. LOL. I love the fact that the choice of "why not leave and get a pay RISE' is not even a considered option anymore for the people still left.
People, this thread has become mob thinking.
Please provide one credible source for the much bandied about 5% pay cut.
Is their a company memo? Is their an analyst piece from a finance paper who makes such a premise as viable? Is their an opinion piece that also make this sort of premise?
Strike, work less, wow people getting yourself worked up over pretty much nothing.
Take this energy and go look for another job.
Not one source noted for this BS rumor.
I'm one of the mentally challenged that worked my a-- off for CSC/DXC. When I finally left, after many years wasting my life, my next job was at 160% of DXC pay, and would have been more had I actually negotiated. That's the problem with working at DXC... they actively set out to make you feel you're worth less than you are. Economy is great in the U.S. right now.
"Now that it looks like we'll be all getting a significant pay cut,..."
What evidence does anyone one have except for a bunch of folks taking about it on an anonymous discussion board?
@@@@@@@@@@@ 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.
Better to take a WFR and work for a real employer (or go contracting) for real wages. ML is just a gready exec.
Last time they tried this, in old HP back in 2009, those that had a choice (UK and parts of Europe) mostly chose NOT to take the cut. My manager at the time could not guarantee that taking the cut would save my job so the decision was easy.
Ultimately this depends on whether this is a measure designed to save jobs or just cut costs.
Have any of you considered that a pay cut is just another way of encouraging you to leave?
I suspect that a lot of what goes on is simply to create an atmosphere where people voluntarily leave rather than the company having to pay severance...
Its win-win for them.... you leave, they save money. You don't leave, they pay you less.
The company has this ideological idea of how many employees it needs. Its not based on operational capacity/skillset calculations, its just based on wage bills targets.
Will taking the pay cut even stop your friends and colleagues from being laid off? No it won't. Partly because the ideological target is far beyond what this one measure will achieve (in some parts of the world its not even legal) and partly because no amount of greed is greedy enough.
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.
Every bone in my body says to dig in and just be difficult in the face of oppression but rapidly I'm getting to the point where its too much of my energy consumed with hate and I'll just leave.... which is what they want but...
If the company was in financial trouble pay cuts versus job cuts might be a way to go to try and save the company and save jobs. But this company isn’t in real financial trouble it’s profitable, there is no need to do either, but cutting jobs and threatening paycuts is the only strategy the id--ts running this company know!
What paycuts?
Don’t walk, RUN!
Is the economy really that good right now?
With this economy, there is no reason anyone with skills should put up with this kind of treatment. I imagine the exodus would be spectacular!
https://qz.com/1152683/indian-it-layoffs-in-2017-top-56000-led-by-tcs-infosys-cognizant
what goes round. comes round.
Why are you assuming a correlation between the two? It's happened before and the cuts have continued for another 7 years so far.