DXC were running out of people to make redundant.
DXC Technology has negotiated terms to buy fellow New York Stock Exchange-listed tech services and consulting group Luxoft for $2bn. The agreement means that all issued and outstanding Luxoft Class A and Class B ordinary stockholders will get $59 per share in cash, assuming the transaction leaps any regulatory hurdles. The …
Monday 7th January 2019 20:16 GMT Anonymous Coward
Couldn't happen to a nice pair of bedfellows
Courtesy of Wikipedia on Luxoft: "It is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland, tax domiciled in London, and is listed on the New York Stock Exchange."
Sounds like a fine upstanding corporate citizen.
Monday 7th January 2019 21:30 GMT Paul 33
"Dmitry Loschinin will continue to run the business" for as long as is stated in the purchase agreement. After that he will gladly walk out the door citing "new opportunities", whilst rueing the day he listened to Mike's bullshit and chose to work for such a toxic person.
Tuesday 8th January 2019 11:16 GMT Anonymous Coward
Re: Timer started....
"Dmitry Loschinin will continue to run the business".... just the same as any DXC manager does ie having zero control and having to obey ever micro managed command from Mikey, including "get rid of your employees".
12 months or less before he walks... possibly sooner if he dares to say no.
Monday 7th January 2019 22:54 GMT autogen
Tuesday 8th January 2019 02:51 GMT Chubby Chuckles
Monday 14th January 2019 23:11 GMT Anonymous Coward
You are all wrong! DXC has recently launched the supernova project and this will change to whole culture of the company and build a strong and healty company. Three times a week a new exercise is provided to all employees with exiting challenges like introduce yourself to someone you don’t really know, and the latest one: visit the website of Luxoft.
In a couple of weeks all your negative comments will crumble in the shadow of the new and great DXC. Supernova will make DXC great again and Mike will be remembered as the great leader that rescued us in our deepest hour and darkest despair. Mike will be there!
Tuesday 22nd January 2019 20:14 GMT Anonymous Coward
No air con check
No on site catering check
No coffee in coffee machines check
Site looks like bomb site with pot holes check
Never fix leaky urinals properly check
Promise training in appraisal, never happens. Check
Use agile scrum method instead of proper project planning and test check
Make ridiculous promises and force go live when not ready check.
Constant lay offs and replace with cheap apprentices without sufficient knowledge transfer check. Not forgetting to not give them any decent pay rise once experienced. Check.
Put technically incapable people into management roles check
Allow nepotism to be rife and be incapable of getting rid when useless check
Force capable staff into unrealistic workloads and force them into extra out of hours cover with insufficient reward check
Pathetic knowledge transfer for staff hoodwinked into covering role of knowledgeable staff laid off
Fail to reward staff that have taken on more skills over the years. Check
Everyone over 40 having a mental picture and counting down the days when they can escape this misery when they can afford to take VR. Check.
Tuesday 22nd January 2019 22:49 GMT Anonymous Coward
(You forgot one check at the “Pathetic knowledge transfer“)
You must be working in one of the better offices....
No plants in the office, check
Coffee machines out of order on daily basis, check
No dustbins in the office, check
Not enough parking space, check
No pay raises, check
Prepay purchases by yourself and claim later, check
Travel allowance not paid on time, check
No whiteboards allowed on the walls, check
Not enough meeting rooms, check
No pay for overtime, check
No telephone sets provided, use your own mobile, check
No WiFi access for your mobile phone, check
Transfer speeds of the internal network around 5kbps, check
Pay for your own food and drinks at personnel party, check
Work 50-60 hour per week, check
Buy your own note book and pencil, check
No business cards, check
Puke tendencies over higher management filling their pockets with money, check
Fed up with this shit, check!
Tuesday 29th January 2019 22:57 GMT Chubby Chuckles
What a shame, Luxoft had a good business going there, even if they were focusing too much on automobile electronics and associated voodoo, which is currently entering into 'ye olde trough of disilussionment' as people realize the lawsuits around self driven car deaths will be nearly as expensive as building the actual chariots. Maybe that's why they sold out to Mickey and his asset stripping mafia?