And unfortunately no matter how many phony accolades HR drums up the company hasn't delivered and the share price is the only metric that matters. Don't drink the cool aid until you take the stock price to $20 you losing!
Period. Inept management, good old boys club, sheer stupidity.
Will be in the $1 range soon. DCOPS2 will be another financial and operational disaster. Delisting and Pink Sheets sometime in 2024
5 yr high $22 share price, today $3. What is the game plan to return value to shareholders. I also agree with last post, time to get rid of all the high paid bureaucrats who add no real value. Start with all the functions, especially HR, us... — read more
My advice - eliminate everything and everyone who is not driving or creating tangible value. That is the only thing that will make a difference short term. Stop thinking we are some big conglomerate, time to release all nice to haves.
Nice job on 1Q Earnings Conduent. I read the transcript and Cliff steady talking about the company is turning the corner lol … Stock below $3.00, that’s crazy !!!
What is the Conduent severance package? How many weeks?
heard the news today that several of the most tenured operations and IT staff in my division were let go. maybe b/c they were making the most money. but if you asked me who you should never let go - it would have been these people. they all had 15-30... — read more
Thousands of hourly workers scheduled to start a contract with giant business services company Conduent on Monday October 3 told the deal is off and to return the equipment they supplied them.
I feel for the good people. Seems to be headed to an auction.
It's been a little over a month since the last layoff round and I'm at the point where I wish I was among the laid-off group. We lost several people and since then we've had to do our and their jobs with no indication of when we might get some... — read more
Anyone else let go yesterday? I know 4 people only.
AHA (remote) workers are having hours shorten for the past two months now. Its just a mess.
There's talk about more cuts before this month is done. Can somebody confirm this?
I personally know two people who are employed during the hiring freeze. On the other hand, my workload hasn't been reduced at all, in fact, it is higher than ever. Does anyone have any idea how many people total were employed during the hiring... — read more
I was discriminated against last week and twice. Where to get help?
They claim to be LGBTQ and women friendly . . . However; all the women at the top are White. Why aren't there any Black, Asian or Indian females in the C Suite?
Not only do those who are knowledgeable and high performers have more work to do, but they are exposed to much more pressure due to micromanagement, exposed to more criticism, and so on. I sometimes feel bad when I see how my superiors treat the... — read more
What happened to the growth? Revenue is decreasing by $200 Million in 2022. Cliff is saying it is due to COVID stimulus going away. What the heck is the Sales team doing besides getting paid. What a train wreck … Conduent is supposed to be... — read more
The best of the best are long gone. Conduent did its best to get rid of the most talented ones who otherwise might have stayed here longer. I don’t know how is the situation on your team, but we are missing some of those people a lot. My team is... — read more
So yea a whole bunch of people were hired in December and then Friday morning they were let go without warning. Total d*** move!
More layoffs occurred this week, number unknown.
Supreme Court blocks Biden vaccine-or-test mandate for large businesses https://abcnews.go.com/Health/supreme-court-blocks-biden-vaccine-test-mandate-large/story?id=82179446
Looking bright in 2022. Good cost saving measures in place and will be profitable no doubt.
Only Trigger to pull in order to align expense to revenue is layoffs. Issue is that Conduent hires too many expensive people in the US / Europe. That don’t actually produce results! Look at all the Cliff Skelton directs gone in last year that did... — read more
I'm surprised that attrition seems to have slowed down lately, when in most of the companies people are leaving in higher numbers than ever (I guess everybody is trying to take advantage of the current job market). I wonder what's keeping everybody... — read more
I know of five people who got laid off this week. Is this common?
What happened with this evil creep and his September 20th threat to take "more aggressive action"? Once said, never forgotten.
Market is not pleased …. Why is that?
I just started in August and wondering what the raise situation is.
Easy explanation _—- the company isn’t profitable and will never be profitable. The mountain of debt is crushing, the products are out of date, new disrupters appeared in almost every segment with cloud native tech. That is ok if you are growing... — read more
After beating q3 projections why has stock dropped?
Everyone is talking about vaccines as if they will stop the cuts in Conduent forever, after those who do not want to receive the vaccine leave. This is wrong on so many levels. I am afraid of what will happen here next year because I have a feeling... — read more
I really thought Conduent would try to somehow keep a colleague who was a star employee in the true sense of the word. It was an employee who could have left here a long time ago and earned much more somewhere else, but so far this company has been... — read more
Given how many people are leaving and how many people are sending applications for a new job every day, I don’t think there will be a need for cuts until the end of the year. However, since nothing surprises me from this company anymore, I wonder... — read more