Has anyone heard the schedule for DXC Layoffs yet?
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Today is 4th April and no word of cuts as yet. Ofc it's inevitable it will happen, but what evidence do you have it's 1100 and has already started?
They are still laying people off. 1100 to go from 1st April 2017
What about existing contracts with Clients? Are TPTB taking that into consideration when determining who to let go? Or, do CSC contracts have escape clauses if they decide to wipe out an entire group?
McKinsey is a consulting firm that HPE has been paying a ****LOAD of money for the past few years. Their mission is to analyze the business and workforce and advise what positions should be eliminated or offshored. They not only look at POSITIONS, they have NAMES AND LOCATIONS. They will meet with leaders and review an org chart, one person at a time. "Get rid of Fred in Tulsa and replace him with someone in India. Ok, who's next to discuss before lunch? Sam in Houston?" So when others say your name is on the McKinsey list - it really is YOUR NAME. http://www.mckinsey.com/
Can someone please explain what "McKinsey's List" is?
One thing is for absolute certainty, at some point in the next yr or three you will be in a pool.
Working longer, harder, weekends, evenings won't make a tiny bit of difference. If your name is on McKinsey's list it's as good as confirmed.
Do the right thing by your family, DONT spend a minute longer in the office, create a work life balance that's healthy.... so when your RIF'd or CR'd it won't hurt as much.
All these cuts and after looking at the L2-L4 appointments I can say that 80-90% are US based vs offshore. Not sure it's a bad thing but how does that fit into the 90/10 they promised shareholders by yr 3?
I got put in a self scoring pool (basically means my role doesn't exist) it's been nearly a month and I've not heard a peep. Found out today that apparently even after McKinsey decide your not needed it still needs to be approved by DXC. Except my manager continues to deny any knowledge and went as far as to telling me that the cuts cannot be mitigated. If your name is on McKinsey's list you have to go even if it means scrapping whole projects.
Expect a 25% culling of the North American workforce in the first year. This, to add to the 25% to 50% North Americans HPE gassed from enterprise services in 2016. Most of the jobs will be moving offshore, although they are whacking people there as well.
I keep hearing Friday the 7th being the date to watch. That seems a common one.
As for numbers, I've heard 25%, 20000, 15000, 10%/Q