LAYOFFS, BENEFIT CUTS ACCELERATE AT COMPANY’S PALMETTO CAMPUS
Earlier this year we reported on the latest round of rolling layoffs at Blythewood, S.C.-based Computer Sciences Corporation (CSC) – part of a terrible, no good spring for the Palmetto State economy.
Wanna know why we have record shrinkage of our state’s labor force? Easy: It’s because politicians who trip over themselves to announce the latest taxpayer-funded “economic development” (a.k.a. bribes to select corporations) are never around when reality sets in.
Anyway, we noted back in March that CSC had “started laying off dozens of employees from its Blythewood facility each bi-weekly pay period beginning last February. It also reduced pay and benefits, eliminated flexible work hours and outsourced an unspecified number of jobs.”
According to sources familiar with the layoffs, things have only gotten worse for the global information technology firm in the intervening months.
“Upper management in Blythewood is ‘retiring’ left and right,” one source tells FITS. “When upper management begins leaving like they are, they know something is coming.”
CSC is reportedly telling remaining rank-and-file employees that their annual leave can no longer be carried over and “must be used up this year.” Also the company will shut down completely the entire week after Christmas in an effort to reduce costs.
“(The) feeling is another large round of layoffs are coming and CSC does not want to pay off annual leave,” one source tells us. “And whatever shape the company is left in will see big benefits cut in 2015.”
Yikes …
Ironically CSC – which relies extensively on taxpayer-funded incentives and government contracts – pledged earlier this year to work with the administration of U.S. President Barack Obama to put long-term unemployed Americans back to work.
More like back on the street …
25 comments
They suck.
Have we learned nothing from the last 6 years? Any promise that involves Barack Obama should be taken with a grain of salt.
Solyndra.
You can keep your plan if you like your plan.
Why be sour, there are plenty of jobs in India and China ?
I hear India is great this time of year, if you’re a telemarketer that likes explosive curry diarrhea.
Nikki can’t have enough, the explosives are your tax money, get ready to pay more !
How does the retirement of “baby boomers’ factor into the states labor force?
Not just native SandLappers, but the people choosing South Carolina to relocate to for retirement?
Depends on who’s numbers you follow. “Unemployment” figures are based on a poll of employers on how many people they hired and on the number of folks applying for unemployment. Labor pool statistics are based on censuses of the population.
Problem is, wages in the state stay low, and all the out-of-state retirees tend to drive prices up (think housing). Average working South Carolinians’ wages are usually less than out-of-staters’ retirement checks.
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Quick fire up the state Tahoe Haley needs to rush there and make an announcement…oh wait Que the crickets..
Is this surprising in the least? The whole business model is nickel and diming insurance companies and their software. Times are tough, insurance companies tighten the wallets (IT is always an easy place to shore up the budget), and CSC is a stuck pig.
Apparently you do not know who runs the IT at the University.
That place was a salt mine when it was PMSC and it has gotten worse since CSC took over.
CSC didn’t take over. The old PMSC board gutted the place and then sold the corpse to the low bidder. It’s taken another thirteen-plus years for it to finally be bled dry. You can only milk an income stream so long. RIP.
You are factually correct, I worked at PMS (an aptly abbreviated organization) for a sort while. I have friends who went from PMSC to CSC and to the person they say it went down hill towards the end of PMS and then right off the freaking cliff under CSC
Is this the “free market” at work again?
Yeh,but dont tell Fits?
This is the place Nelson Mullins discretely parked Steve Morrison when he had lied to Federal Judges and such a few years ago. He got paid between 300 and 500 K a year. Jean Toal kept it all “secret” for them and Nelson Mullins has been forever grateful to her.
— got any further details on this because it sounds interesting?
Sounds like Fits has some inside trading information.
http://www.wkrb13.com/markets/331941/computer-sciences-now-covered-by-analysts-at-morgan-stanley-csc/
CSC has screwed over workers for years. This is not news.
Actually, just reviewed CSC’s quarterly earnings for the past year, less than a third of its 13.4B in revenues is from the government and it will continue to shrink because the focus from CEO Mike Lawrie is on the commercial market.
If you look at the overall health of CSC, it is doing very well. The stock is up over 13 per cent year to date. Looks like the problem is local. (that’s a real news flash, I know)
Nope. You can pump stocks by gutting the company. It’s how business is done these days… screw the company, screw the employees, I get my big bonuses then I’m OUTTA HERE!
as a former blythewood CSC employee I can say that the above information is highly accurate, my last day is “unknown, but sometime in the next 4 months. Maybe the first week of Oct.” we’ve been told since december that there was plenty of room for everyone to move to other accounts, but now the guy that promised that has quit, giving 5 days notice, an executive managing 25 CSC accounts. In his fairwell email he says “I’ve been putting off accepting this offer since early March, and I have to take it now or lose it, so see ya. don’t worry, you are in good hands, look out for yourself first, don’t wait for anyone else to do it for you.” nice guy…