I'm a manager and is awful for us also. There's too many of us and layers upon layers so we just hold loads of meetings, most of the strategy is around squeezing the workforce in every was possible from pay, expenses, benefits, work, etc and spying... — read more
When will the next round of layoffs be?
OK, Oracle had big layoffs, it looks all big tech is bracing for cuts. Walmart cut several hundred in IT, it looks like Verizon is cutting 10% of the consumer group. Banks are cutting left and right. So, what about DXC? When can we expect layoffs?
Mike's Sucessful?
The share price was $36 when Mike S took over and now its $25 with a further fall due to $20. Currently the decline is -45% so nearly half the company's value has been wiped off. If it falls to $20 it means it would need to rise by 80% to go back... — read more
Turnaround plan
From previous post "What a car crash. The share price will tank to 25US. The FY 24 figures have become pie in the sky not achievable unless the Dollar collapses." The shares are going to end up around $21. Confidence and credibility has been... — read more
Kyndryl Confirmed signing high margins only
Kyndryl has confirmed on their earnings call they are only signing double digits profit contracts now. They signed a number in the previous quarters so the extra margins are feeding through. Looks like they are 1 step ahead of mikey. With the... — read more
DXC expect to eliminate $500 million of cost
If you read the FY23 Q1 earnings call https://www.fool.com/earnings/call-transcripts/2022/08/03/dxc-technology-company-dxc-q1-2023-earnings-call-t/ apart from all the BS our glorious leader spouts you'll see he says he'll be taking out another $500... — read more
Best of the Worst
Another great quarter by a pair of dinosaurs… https://dxc.com/us/en/about-us/newsroom/press-releases/08032022 https://investors.kyndryl.com/news-details/2022/KYNDRYL-REPORTS-FIRST-QUARTER-FISCAL-YEAR-2023-RESULTS/default.aspx
End is near total disaster
The analysts should be hammering on the call. One of the worst set if results. Revenue under 4billion now staggering used to be 6billion per quarter when DXC started. Famous book to bill under 1 Profit Margin down a full 1% Earnings per share... — read more
No pay rises again
So we were meant to get notified of payrises by end of July it's now August 3rd STILL no word :(
What’s in the press today?
DXC spins off more businesses that they have no idea how to manage. Such losers…. Execs and Board should be fired.
The orchestra is playing on the Titanic
I used to work in finance here. We got constant calls from bill collectors, DXC owed money to and hadn’t paid. Their billing department used to gatekeeper invoices we owed to vendors. I felt so bad for them. There was a point where the main... — read more
UK redundancies
Coming our way..again. Cannot say much, here we go again...
Cloudright seems to be working great!
Every major player is moving up and to the to right, except for….. https://www2.deloitte.com/us/en/pages/consulting/articles/magic-quadrant-for-public-cloud-it-transformation-services.html
Time is ticking for Sal
Soon three years of Salvino beeing in place are over. The much mentioned play book will be history. Investors will have a look on the outcome: + the downward trend is somehow a bit stopped shareprice has not improved in a booming IT market DXC... — read more
plus ça change, plus c'est la même chose (the more they change the more it stays the same)
Different names, same stuff. Has been going on for years. Anyone stupid enough to believe the current overpaid clowns probably has themselves to blame. From the register 2019 around this time of... — read more
Infy posts solid quarter of revenues and profit
https://www.republicworld.com/business-news/india-business/infosys-q1-profit-up-3-dot-2-percent-to-rs-5360-cr-raises-fy23-revenue-outlook-articleshow.html At this rate, they will overtake DXC in next few quarters. And they are hiring aggressively!... — read more
What is up with CloudRight.
Seems like the "CloudRight" symphony has gone silent. Bagel seems to be full toasted and some senior guys have left. Seems like one step forward and three steps backward. What is happening with this company?
Why do people think that there will be no raises?
I still hope that we will get raises.
What many do not say
I think this is the company with the most pretenders who do almost nothing. At least compared to other companies I've worked for so far. What many do not mention when they tell you that the grass is much greener elsewhere and that the... — read more
Pay increase after leaving DXC
I guess DXC expects us to be satisfied simply with the fact that we have a job at all. Well, I'm not. How much of an increase did you get after you left this place? I have a friend and former colleague who got a 40% raise in another company, and... — read more
Hyper Automation Program
Today I read about a single "account" cutting down INC tickets from 900+, with some root cause root cause root cause analysis and modifying of the monitoring software. That should be standard "do the right thing" best practices and not made a... — read more
July any news on the raises?
We are approaching mid July, when are these raises bieng announced and communicated, there is not much time left to speak with the staff and tell them what they are getting. My energy supplier just hiked its rates, would be useful to know if I will... — read more
Strike
Enough is enough. We should all just don’t do sh-t. Mikey S, Chris D-mbroll Mary fuxing finch and al the EVP, VP and Presidents of this sh-t ho-e can go fu-k them self.
Get Ready for DXC Culture Week
So says the Delivery EVP drinking his Brandy. Right, let us go: Get Ready for DXC Culture of CEO and his cronies lining their pockets with millions. Get Ready for DXC Culture of hard working grunts still not knowing if and when the tiny... — read more
Pay gap
I have no information on how the pay gap between the salaries of those at the top and the employees grew over the years. It would probably be very shocking to see how that gap grew bigger and bigger over time? What's worse, I think that it will... — read more
Do you know where your rise is?
It's all invested in our new partnership with ManUnited. Millions of dollars are invested in a declining team from a declining company.
Greed destroys DXC
I can give this company a strong reason why I deserve a good raise. There are still many excellent employees here. When one of them leaves, DXC afterwards needs to hire two people in their place if they want all the work to be done. Perhaps DXC is... — read more
crack down on posts
looks like the company is taking notice of all the poor posts , as there is a crack down on these types of posts with updated policy. if employee's thought they were being treated the same as executives and the board with stock options, bonus and... — read more
Packages in the UK?
Looks like August 31st is going to be the last day for many old hands in the UK. Already seeing garden leave posts on LinkedIn from a few.. Not sure of the target numbers in this round though.
They deal with irrelevant things
Management constantly avoids topics that are of interest to us. They have become real experts in sweeping important things under the carpet. What do the hope to achieve with that? I guess they think that if they don't talk about an issue, the issue... — read more
Whats the deal with these German Banks?
Why does DXC own Fondsdepot Bank? Anyone know what the he-l they where thinking?
DXC time
What ghastly happened to DXC time, I thought it was supposed to replace all the duplicate time entry systems. I haven't heard about it for 2 year. I'm sure it was said Drumgoole had it all in hand and the rollout was to be completed. Mike seems to... — read more
Sieze the Market or Not?
I keep getting told by the upper management that everybody has to help in siezing the market. So when there's extra chargeable revenue generating opportunities lower managers block the work. It's clear the upper management are working on one plan... — read more
This place is a joke
A fu----g joke. Absolute mess, lack of direction and strategy.
PWC giving large payrises
PWC giving large payrises - https://www.bbc.co.uk/news/business-61941595 "The company said half of its more than 20,000 employees in the UK would get an increase of at least 9%, while 70% would get a rise of 7% or more." Can only increase the... — read more
Time to leave is NOW!
The inside scoop is that over 50% of (non-Indian) North American employees are to be laid off. Mike 2 will walk away with a lot of money, and leave a trail of American bodies. DXC is on its way to becoming an Indian body shop.
False promises
Those who still believe in their false promises are either too naive or fairly new to DXC. They do it all the time. I guess managers can't offer anything more than false promises? Perhaps it would be better if they didn't make any promises at all... — read more
IBM and Atos divest legacy assets, guess who’s next….
https://atos.net/en/2022/press-release_2022_06_14/atos-studying-a-possible-separation-into-two-publicly-listed-companies-to-unlock-value-and-implement-an-ambitious-transformation-plan
People first joke
Does anybody recall Mike S saying he has a "people first strategy" on last year's earnings call. So far from the truth. What a joke his making of the staff. "People last" would be the actual truth.