Monday, 11 August 2014

Another one bites the dust





"Another One Bites The Dust"


Oh! Let's go!

Mikey walks warily down the street
With the brim pulled way down low.
The only sound is his red lining pen,
HR guns ready to go.

Are you ready, hey, are you ready for this?
Are you hanging on the edge of your job?
Out of HQ the emails rip
To the sound of falling stock

Another Veep bites the dust
Another Veep bites the dust
And that’s Jim gone, then Sunitta gone
Then Tom bites the dust
“Hey, I'm gonna get you, too”
As Siki bites the dust

How do you think I'm going to get along
Without you when you're gone?
You took me for everything that I had
And kicked me out on my own

Are you happy, are you satisfied?
Have you filled your trough enough?
Out of the doorway the pink slips rip
To the sound of the beat

[Chorus]

Peter Allen bites the dust
Jimmy boy one bites the dust
Sunita  bites the dust
Sammy is one who bites the dust

There are plenty of ways that you can screw us
And bring us to the ground
You can beat us, you can cheat us
You can treat us bad and leave when we're down

But I'm ready, yes, I'm ready for you
I'm standing on my own two feet
I’ve got a job where life is good
And thers certainly damn less heat

[Chorus]


68 comments:

Anonymous said...

When does Sam bite the dust. He sells hype not results.

Anonymous said...

Siki Who? I Can't keep up anymore.

Anonymous said...

Siki Gunta.. saviour of CSC with the Cloud
.. glad I left Cloud and now in safe UK job..

Anonymous said...

I'm glad I took the money and ran when I could....I hope the good folks left (and there are very few) don't caught in the crossfire when CSC inevitably crashes and burns.

Anonymous said...

Tom Hogan (former L2) and Dave Shirk (former L3) have landed a sweet deal at Kony, Inc.

During his short tenure at CSC, Tom Hogan actually met with employees, looked like he had a plan of execution, and communicated both the vision and the plan. I guess he actually wanted to FIX CSC rather than MILK it. No wonder he and his side kick were sent packing.

Anonymous said...

All places will be replaced by lawrie sycophants. .. no doubt will be people who will lead the way for csc to be taken over.. profitable business retained.. others sold off.... or dropped.

Csc cash rich to make aggressive acquisition more attractive eg the company that takes csc over uses csc cash to fund it.. common practice.

Microsoft would be my tip... Lawrie loves Msoft and is chum with steve balmer.. yes I know he left Msoft but is all part of the business network.

For those fools still at CSC... LEAVE or milk it like everyone else does...

Anonymous said...

The only ones biting the dust are employees.

Lawrie sold millions before this happened, and sinking CSC means profit to him. At least that is what anyone can deduct by checking that he has been selling his stock options since the beginning.

ML is good at teaching economists that you don't make a fat man thin by cutting off his legs, but on the other hand you can cash a lot of money while you only show weight loss number and hide the truth about how.

Sure... ML told people he decided that CSC was not eating fat and that he put the company on a fantastic miracle diet (restructuring, layoffs, a new propaganda called CLEAR, and many other minor changes.. everything but improving sales and productivity). This made stock rise while people listened to these fairy tales and watched the results just by looking at weight loss numbers. Last week they revealed part of the truth, and many suspect the fat man is still fat but now he has no legs. Investors that bought at 20 and sold at 63 are richer than ever and will be forever grateful. ML can buy now a small country, and that is what counts. Besides, CSC still has arms to cut to keep the orchesta playing.

BTW I've seen people on this board (clearly biased against CSC and ML) that still think he is doing the correct thing by cutting so many positions, and they keep saying the problem is that people is just lazy because they don't find another job. Yeah sure... it's got to be that... that lazy employee paying 40 years for a sad 2bd apartment in the suburbs is the culprit of all this fiasco. Yeah, that loser... I bet that army of losers are the one saving the face for CSC.

Anonymous said...

Another article outlining the evolving strategy ML is employing....http://www.bizjournals.com/washington/blog/fedbiz_daily/2014/08/csc-to-shift-more-work-to-lower-cost-locations-and.html?page=all

Anonymous said...

Trouble is, nobody wants "services" business any more - you only have to look around and see that the business units of any large company that do IT service are struggling and are being dumped.

It's all on a par with IT manufacturing - nobody makes any serious money from it anymore.

Only one sort of company will buy a chunk of CSC - an Indian one and even then it won't be the Federal business, that will have to go to someone else, but it will have to be cheap - because everyone knows the US government is strapped for cash.

Anonymous said...

Been with CSC India for 7 years 4 months, Have been rated at 1 for the past five years, have been credited for bringing in 3 accounts and expanding them to 40+ people

after 7 years my designation has dropped two levels due to the restructuring, Hikes has been reduced to 10% (real inflation rate in India,where i live is 18%)

Resigned 10 minutes ago and walking away. I dont know about the americas or europe but i know that the indian employees are walking out in buckets. the current attrition rate appears to be 20%.

If ML wants to offshore more then he better be ready to pay more money and retain because the Indian plan of replacing experienced people like me freshers just means off-shoring will fail

I really would love to see people with 5-6 years experience replace a guy with 12 years of client and account management experience

Anonymous said...

> after 7 years my designation has dropped two levels due to the restructuring

... and that is the great irony of the Boston Consulting "guard rail" rules in the Spans and Layers program. When you end up with Senior Professional or above at layer 8, the Boston "rules" are indicating that there are too many management layers still in the org and some more management layers need to be removed. But what do those superfluous management layers decide to do instead? Yeh, demote the staff at layer-8 so they fit the Boston rules.

Anonymous said...

CSC is on the skids. It is neither a manufacturer nor a brain power company. It is a cheap labour company. It's operating model and product set has been left behind by developments around the industry. It generates insufficient cash to invest in new products, or won't use the cash for real investments, and anyway lacks the
creativity and insights needed to come up with anything new. That was obvious ten years ago, when plundering accounts like new global outsourcing blue chips was the norm. They cut promised investments, stopped all training, delayed upgrades to kit and infrastructure which eventually led to outages and security breeches. Just ask the CIO of one blue chip customer who was almost fired by his board.
It was made worse by the short termism and blinkered thinking of sycophantic management.
Only old contracts will keep it afloat for now. As these die off so will CSC.
Lawrie's job is to spin out the decline while giving as much money back to shareholders as he can. He is on track to do this.
Will last man or women to leave please turn out the lights.

Anonymous said...

I am a USA employee. I have worked with off shore freshers on several occasions. Their success depends on two things: 1) Experienced off shore managers and technical to mentor them 2) Experienced SME's on the customer side to help them with business processes. I agree with 13:27 above, the freshers will be doomed to failure because the experienced and talented people both off shore and at the customer side are leaving in droves. Perhaps ML will mentor them....

Anonymous said...

Hikes reduced to 10%? That's 10% more than most are getting and whilst inflation isn't 18%, it certainly is significant.

I'm sure we'd all perform much better and make the grade for a "1" appraisal (which of course you need to actually get a raise of any kind now) if the system actually gave us specific, measurable objectives to reach.... oh and the arbitrary mark downs didn't happen either. Some might say that you aren't supposed to get a raise...

Anonymous said...

18 positions to go in GBS Applications, from the original 750 target in the UK.
This must still be "Phase 1".
Anybody care to speculate on "Phase 2"?

Anonymous said...

Word has been circulating that mandatory overtime will be imposed. Appears that management didn't learn from a previous class action lawsuit. Presently, too, systems administrators have litigation concerning overtime hours. Looks to be a bonanza for litigants if management foolishly moves forward with this scheme.

Anonymous said...

Reply to 17:16, I thought GBS in the UK weren't going to reduced.

Anonymous said...

From Forbes. http://www.forbes.com/sites/lizryan/2014/08/15/how-to-tell-your-boss-shes-crazy/?utm_campaign=forbesfbsf&utm_source=facebook&utm_medium=social

How To Tell Your Boss S/he's Crazy

Everywhere you go, people say “My boss said the most insane thing!” They marvel at their supervisors’ cluelessness. They tell us about it, and they tell their friends. “My boss is such a dork!”

We hear stories like this every day:

“My boss Gary comes up with random ideas on the fly. At our team leads’ meeting last week, Gary suggested that we move our weekly staff meeting. He wants to have staff meetings on Saturday mornings, when normal people are living their lives. Gary said ‘Yeah, we can meet for two hours every Saturday morning and take care of loose ends.’

After he left the team leads’ meeting, we all burst out laughing. What a stupid idea! Gary has two little kids himself. I wonder what his wife would say if he were working every Saturday morning, since he never goes home before seven p.m. as it is. Luckily, Gary will forget about that Saturday-morning plan within 24 hours. He’s a goldfish.”

To us, that kind of story isn’t funny. Our company is called Human Workplace. We wish people told the truth at work a lot more often than they do.

help me ceo is delusional
“Why didn’t anybody say anything at the moment your boss, Gary, made that suggestion?”

“Oh, you don’t know Gary. He would have gotten angry.”

So Gary gets angry. Big deal! When did we all turn into wimps that can’t speak the truth at work, because we’re afraid someone is going to get angry at us?


You could blame the schools, where they taught us to be obedient sheep.

You could blame our parents, who told us to work hard and please everyone around us.

You could blame modern society, with its emphasis on fitting in and getting ahead.

But in the end, we have to look in the mirror.

Anonymous said...

Good riddance. GBS Apps supposed to be in itself 2 billion per annum revenue with growth.. that never happened so time to cut the fat..

Anonymous said...

My understanding is will be ongoing......

Anonymous said...

The massive problem Mikey has created is that he's decided to chase share price over and above anything else and he's done it using a combination of smoke and mirrors and more critically, burning cash.

The artificial bubble on the share price which occurred in the announcements at the end of FY14 was created by a 50% hike in the dividend and a $1.5 billion share buyback.

Now, at the end of Q1, the share price is back to exactly where it was before that spend.

The company basically spent billions hiking the share price for 3 months and in those 3 months a lot of insider trades were executed by the board.

For those who don't understand what I've been talking about, basically they flushed away a couple of billion dollars that could have secured your future with the company so that a handful of them could line their pockets with a couple of million.

I know to you and I, the concept of having a couple of million would be a nice one, but its chicken feed here. By doing a sensible strategic move they actually could have pocketed far more, but no, they have burnt everyone's future for the sake of a smallish short term gain - and the gain is actually pretty damned small - about $6 per share they sold.

Whooop...

Meanwhile the cost of that move has destroyed the lives of families all over the world.

Thanks Mikey.

Anonymous said...

Was USA employee for over 26 years. Resigned one year ago due to an insulting appraisal. Had previously been a #1 performer. Recently they tried to entice me to come back due to deteriorating client relationship and pending 're-compete. No way no matter what they offered. Happy consulting for the competition. Still on great terms with client who is very unhappy.

Anonymous said...

Well, apparently they have identified 18 potential redundancies. Consultation has started with UKEF and Unions.

Anonymous said...

an excellent and clear comment

Anonymous said...

Link to video from previous post response:

http://captiongenerator.com/19655/Mike-dictates-the-company-direction

Anonymous said...

>> I thought GBS in the UK weren't going to reduced.

have a look in https://c3.csc.com/groups/uki-fy15-role-reductions-programme and https://c3.csc.com/docs/DOC-732440
- GIS
- MSS Cyber
- GBS Health
- "admin & overhead" (sales ops, hr, marketing, supply chain, legal & commercial, executive assistants)

Anonymous said...

http://www.channelregister.co.uk/2014/08/08/serco_benison/

I wonder if she will ruin peoples lives who work at Serco after the destruction she lead on at CSC in the UK?

Anonymous said...

The meme is old and I thought it would be, "Yet another Hitler caption video". However, I was very amused to the point of spraying coffee out of my nose. Congratulations to the creative mind behind this. Spot on!

Anonymous said...

An interesting item about CSC this week in Forbes magazine
In a quintessential example of the all-too-often real senior leader view of vacations, fifteen years ago I heard the President of Computer Sciences CSC +0.27% Corporation’s Commercial Division brag to the CEO, and a group of large clients, that only about 25% of the division’s allocated days off were ever used. He personally took credit that via his “disciplined leadership” employees showed up for work even when they could take days off. He even bragged about people working on major holidays like Easter, Thanksgiving and Christmas. He wanted everyone to know that he did not support a “lethargic” organization.

Ignoring vacations is a deadly short-term tactic, harming long-term organizational health

Chronic focus on the short term always has negative long-term implications. That division of CSC lost 80% of its revenue, and employees, as burn-out drove people away. Over and again we observe that employees see themselves as not valued when they work in fear. Unused vacation days is a simple metric of a company culture that values short-term benefits over long-term performance, and a culture that supports fear over results.

Anonymous said...

Whilst we liked to lampoon Lizzie the Lizard, I don't think she had any say in what went on.

Just another mouthpiece for the US based senior management - the days of local country management actually being able to make any decisions for themselves are long gone.

Dissenters are sent for the chop.

Anonymous said...

I am not sure it is fair to blame Liz .... from where I sat most/all of the craziness comes from the US .... the regions have very little say and even less empowerment .....

Anonymous said...

Interesting... also interesting and linked from that article is this one:

http://adamhartung.com/paid-to-fire-why-ceo-compensation-is-all-wrong/

That sounds dreadfully familiar...

Anonymous said...

and you actually think "management" care about this ? cost is the driver , not quality or quantity.
The moral in the UK is at an all time low, people with 15,20,25 years plus experience are being offloaded without a second thought.

Anonymous said...

is there anyone left in GBS Health ?

Anonymous said...

spot on !

Anonymous said...

as does this one:

http://adamhartung.com/who-gets-it-employment-investing-and-ibm/

Anonymous said...

Waiting for the day I am either made redundant or can apply for Voluntary redundancy. Given a lot to CSC for 16+ years, hence don't want to leave empty handed without at least a minimum payout as per UK law......although not sure if I want to stay too long if nothing is offered. The market seems to have opened up around where I live, so honestly considering just walking out....never felt this bad in all these years, but more and more long time CSC'ers are feeling the same, thanks to ML and his band of boys.

Anonymous said...

Heard they fired Richard Sandler. L3 under Bill Deckleman.

Anonymous said...

Wasn't that one of the dictates from Herr Lawrie video? I believe he said, "Start looking at those useless layer 3 fxxxs...."

Anonymous said...

Can't believe Deckelman is still there -he should have been chopped ages ago. everyone has been replaced (at least once) except him -wonder why?

Anonymous said...

Agree-Liz was OK-she fought for UK so was chopped.

Anonymous said...

He was Laphen's boy so it is odd he has survived. Must know where the bodies are buried.

Anonymous said...

22 August 12:31 Moral in the UK is an all time low...
If I had a dollar for everytime I heard that I would be a millionaire..... the real question is how low can your moral go!

Anonymous said...

I would disagree. How many people left under her reign of terror? 1000+.. maybe 2000....

No doubt happy banking her severance and bonuses whilst at CSC...

She has RUINED my life and my families!!!!! So sorry, "was OK" does not cut it with me!!

Anonymous said...

LOOK AT Microsoft , FOCUS IS DEVICES AND SERVICES ( 1 is NOKIA (CHECK) and 2nd is CSC )

Anonymous said...

Reply to 13:42...
At least in the UK you have laws to at least guarantee you some payment. In the US, we do not. And the amounts we get are really a pittance (a maximum of 8weeks pay is available, but that is the maximum, even if you have 25+ years with CSC). Not sure what your minimums and maximums are, but they seem to be a bit more in the UK than in the US.

I too am waiting for the day when they tell me I am no longer wanted. I am kind of hoping that happens before the end of the year.

We do not really have a "voluntary redundancy" thing here in the US. If we ask to be let go, then we lose any chance of getting severance pay, and any unemployment pay chances go out the window. We have to wait until our name is pulled.

Anonymous said...

Sorry to hear that things didn't turn out so well for you. Not sure you can blaime Lizzie directly. I think she just ran the conference calls and had little to do with who was chosen to go. Unfortunately it happens in many companies these days. The only good think about CSC is that I feel we've all had plenty of warning over the years of the impending doom. I was told from day 1 in the job that we should think about moving on due to offshoring cost savings, etc. I would have got a big pay out had I got VR or even the push but I chose to jump to another job just in case I ended up with pay out but no career. I missed out on the money but found a great job with a potentially great future. I planned this for quite a while so I suggest those that are left do so sooner rather than later.

Anonymous said...

Some people are doing OK, though. Mike Lawrie sold 4,434 shares of Computer Sciences stock in a transaction dated Monday, August 25th.

Anonymous said...

I forgot to mention. The total transaction value was $266,128.68. Every little bit helps!

Anonymous said...

And another 3,566 on the 26th... for US$214,000.

Must have been a little hard up or something, maybe the escalating cost of living and years of no pay increases to his salary are effecting him.

Time to cash in the savings Mikey - me, I've got to sell my children for medical research instead.

Anonymous said...

And another 8,000 shares also on August 26th for $480,240.00.

After that sale, Mike Lawrie directly owns 213,150 shares of the company’s stock, valued at approximately $12,795,395.

Anonymous said...

Any news on UK Redundancies. Has all gone quiet and I heard "targets" not met so looking for a new phase and anyone who is not directly billable including team leaders are under close scrutiny.

Even account execs and service delivery if cannot justify own cost.

Wondering anyone in the know wants to share....

Anonymous said...

http://sleekmoney.com/computer-sciences-assigned-bbb-credit-rating-by-morningstar-csc/12870/

Anonymous said...

This would be funny if it wasn't so true.


http://captiongenerator.com/19655/Mike-dictates-the-company-direction

Anonymous said...

when the CEO sells as soon as he receives his stock options it is because not even him trusts his numbers. CSC is laying off people, returning leases, selling assets (if any) to use all the money they can to buy shares and to pay loans to buy more shares to create a bubble. The question is not if it is going to burst or not, but when

Anonymous said...

Only 215 gone so far. Still some way to go before they reach anywhere near 750. So looks like we are all heading for a lovely Christmas then.

Anonymous said...

Here's an oldie but it seems the merry go round is spinning too fast for anyone to be brave enough to get off...

http://www.forbes.com/sites/stevedenning/2011/11/28/maximizing-shareholder-value-the-dumbest-idea-in-the-world/

Anonymous said...

Forbes 9 HR policies that drive employees away. Strangely enough it sounds like CSC: http://www.forbes.com/sites/lizryan/2014/07/04/nine-hr-policies-that-drive-good-people-away/

Anonymous said...

... and another one gone, and another one gone, another one bites the dust

Dan Cohen, VP of sales for GIS.

Mikeys sackings will continue until the morale of his free stock options improve

Anonymous said...

Bad news Cassandra. Your blog has been added to the blocked sites list in a client's proxy. We can still read other blogspot users blogs

Anonymous said...

Cassandra, I would say being blocked is good news. Someone must be hurting - this blog makes a difference. Well done.

Anonymous said...

That video was the funniest thing in ages - sums it up exactly, Adolf and his peasants

Anonymous said...

The company is now giving out new job titles to staff although they are at pains to state it has no effect on your job as you will still be doing the same work. However, Architects are being moved under an analyst group. Guess what. Analysts get paid less than architects. Care to place money on what happens next?

Anonymous said...

Yeah. Just got my job title. I'm a Business Architect although I'm primarily technical. Doesn't matter. I am working out my notice and will be leaving the SS Titanic at the end of this month.

Anonymous said...

He knows where the bodies are buried, indeed. Same as Fillebrown, the smoke-and-mirrors maestro of Pollyanna "nothing is ever wrong with our accounts" (including UK Health and a few other headline-busting fiascos).

Anonymous said...

And another Veep, this time the Principal Accounting Officer/Vice President/Controller:

http://www.bloomberg.com/news/2014-09-16/csc-controller-colan-departs-sweeney-named-interim-replacement.html?cmpid=yhoo

Anonymous said...

Comptroller has left. The play to watch is AT&T

Anonymous said...

As our "Management" seem to be following the IBM path perhaps this will be Mike & co.s next little wheeze ! http://www.channelregister.co.uk/2014/09/17/ibm_mandatory_training_program/?_ga=1.72784346.831479721.1403790615