Just heard from someone in the know that there will be a global bloodbath in April....20k people let go.
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Is this Monday the slaughter? Managers are not talking.
Many of the contractors at DXC were supposed to be hired by CSC last year but a hiring freeze prevented that.
It’s not the fault of the contractors that they take their chance. It’s the fault of management not to recognize what’s the real costs and the consequences to engage contractors for tasks that could be done by internal employees.
Contractors are generally the same as the rest of us. Just trying to make an honest living.
Many are ex employees that already got shafted by corporate greed.
Regarding: All contractors have been removed from project... Could it be that some of the leading people read this discussion platform? Best message I have heard for weeks! Believe me. These are good news! Contractors are vampires at the bloodstream of brave and hardworking local in house employees. See my comment here: https://www.thelayoff.com/t/MDFd3DM
I am from US ... All the contractor have been removed from the Project .
I heard a figure of 170000 that DXC started with. So, 20% this figure would be 34000. And my guess is that greater hit would be on HPE side, almost all of L2's are from CSC.
The beatings will continue until mismanagement is rich.
What is the current 401k match at HPE? Csc's is .50 on first 3%
Wall St should love this - it's going to be a blood bath
Never mind the carnage the paper proposes who came up with the colour scheme?
Is marketing being run by intern Goths?
Greater than 80% low cost labour by year 3... that's out doing IBM's target isn't it? Its 60% today...
~50% site reduction too... and even if you survive, you are only getting 0.83333 of a desk!
Slides 51 and 52 also make sobering reading $400m in 'workforce optimisation' in Year 1, $1.1bn by Year 3.
They also reckon they can save $200m in Year 1 in 'Process alignment' which includes 'harmonising benefits'. Is that code for 'how few benefits can we get away with?'.
Page 57 - seem's to chime true with some of the numbers being talked about.
Looks like Europe is about to be hit really REALLY hard.
Here's what was presented at the Investor Day today.
http://assets1.csc.com/investor_relations/downloads/DXC_InvestorDay2017.pdf
Having witnessed Whitman and Lawrie I'm almost nostalgic about Hurd......
All the hype over the last several months just makes you just want to puke. As the clock ticks down to "Day 1", who really gives a crap? One failing, greedy company merging with another greedy failing company hardly spells a bright future for anyone except for those at the top who will get out with millions more than when they started this un-holy alliance. On April 3rd, Mike Lawrie will ring the bell at the NYSE and thus begins more of the same. Meet the new boss, same as the old boss!
You have to sell something customers want in order to increase revenue.
I don't understand... we keep slashing costs, but revenue doesn't seem to be increasing!
Why !?!?!
Unsurprising. The thrill of screwing as much cost out of a company as possible is completely addictive to these psychopaths. It becomes the aim itself rather than the means of achieving anything positive.
I've not met anyone yet that has left HPE, voluntarily or otherwise, that is not happier for it.
While Mikey did say $1b cost take out ini the first year, that has been updated internally to try to get $2b
Some of the "synergies" will come from site consolidation, but they are looking for $1bn of synergies in year one. You won't get anything like that from a bit of site consolidation. They will be (many) layoffs...
Its going to be about site consolidation (far too many buildings!)
DXC will move some CSC people to some HPE locations and some vice versa.
The personnel attrition will happen when your role's new location is hundreds or even thousands of miles away and you don't even get the offer to move (at your own cost of course, together with a pay cut if you are American)
Make sure you enjoy your black balloon party next week...
Trump's failing. Sad. Fake President. Sad.
It won't all fall on the US you can guarantee that the UK will get srewed over again too.
Correction... not a global blood bath. The carnage will focus on USA workforce.
I hate to say it, but if you stay with DXC you may have realized your are unemployable elsewhere. Because only a crazy unskilled nitwit would stay with this craphole of a company.
Any idea when in April? Beginning of month? End of month?
Depends on where and how the axe swings. CSC is the smaller of the two companies so if it is a straight percentage reduction then the CSC side will take the bigger hit in terms of numbers.
20,000 is a huge number, about 12% of DXC Technology. If true, this is an awful way to start.
Ya - if this is accurate, who's going to take the bigger hit?
Sounds like a great way to generate enthusiasm and teamwork within the new company.
Did they say who is taking the bigger hit, the CSC side of the incoming merge, the HPE side of the incoming merge, or roughly an equal hosing of both sides of the house?