Thread regarding DXC Technology layoffs

@OP

In my opinion…. This is completely unethical and a lesson for everyone in corporate greed! Raul has no idea what he is doing and would NEVER be picked for the CEO role of a publicly traded services company. NEVER!!! In fact not a single person he has put in place would qualify for their role at any DXC competitors. How can he even sleep at night knowing he and Rob are fixing cuts across the company to pay for their own compensation.
I am in shock there is not an investigation at this point. We are way worse off than we were before he came to be CEO but at least he has found a way to convince his high school buddies on the board to pay him and Rob.
DXC is cutting people who actually matter to fund the very top and it’s completely wrong.

This is the point you should be taking and flogging any DXC assets not nailed down

F4ck em....

@aw+1jvgyjfbq You say R Paul net worth 2 million , it me more like 10 million !

He-l my net worth is over 4 million and I was just an IT architect for jen I quit a few years ago

You guys were complaining when Lawrie and the steak cutter was working hard for the company and bad mouthing. Look where now you have gone.

For over two decades, the mantra in business was clear: focus on your core. That meant outsourcing everything else—IT, HR, payroll, you name it. The logic seemed sound at the time: let someone else handle the “non-essential” functions while you concentrate on what makes you unique.

But now, the consequences are showing. Many companies have found themselves hollowed out, with layers of third-party providers and bloated management structures. Instead of saving money, they've doubled overhead and tripled complexity.

Worse still, when something goes wrong—like a system outage—the default response is to blame the third party. But customers and regulators are no longer buying it. They ask the obvious: If IT isn’t essential to your business, why does everything grind to a halt when it fails?

The tide is turning. Companies are realising that IT is the business. It’s not just infrastructure—it’s the foundation of service delivery, customer experience, and innovation. And entrusting it to an offshore vendor with no skin in the game is a risk many are no longer willing to take.

And for that reason - DXC has no future. But how long we've all got is obviously subject to which region and account you're in.

Ha ha ha! You dufus guys. We have been scamming this company ever since the merger of HP enterprise services and CSC. The scam has been going on one way or the other by different actors. This is imbibed in the company DNA.

Dear employee's - Don't get personal and upset because you enable this system. If you are really interested in fixing things you would have pushed back or you would leave the company and find another job. You cannot do both cause you also gain by staying here and doing minimal work and collecting dollars.

How long will this go on? Good question! Shrinking 5 percent a year, make the call if you know math.

People will loot as long as you let it happen.

They both will get 44 million to stay in the company for the next three years, am I getting this right?

This is a serious question

So a serious answer. Yes, providing they meet key measures BUT they define the measurement criteria of the key measures (as discussed in this thread), so they are "marking their own homework" so we can safely say yes they will indeed get the $44M in 3 years

They both will get 44 million to stay in the company for the next three years, am I getting this right?
This is a serious question.

A worldwide quest is opened for the moral compass of these "leaders. " in the likely event it cannot be found, both "leaders" will donate their retention bonus to the victims of Gaza and Ukraine.

Metrics they can control with stock buybacks and more cuts. The revenue is the only metric that might be hard, but then they just have to cook the books a bit by shedding parts of the company that are shrinking - oh, what's not shrinking? Whatever happened to meaningful business metrics like Profit, Customer Satisfaction, and Employee morale/retention? You know, metrics that demonstrate the company is actually viable long-term as a company that provides meaningful services to customers and is growth oriented.

Awww poor Raul, he's broke and needs the financial security to feed his family in uncertain times...

"Raul J Fernandez's net worth is estimated to be at least $2,042,641.78 as of 05/18/2025. CoreStreet's estimation of Raul J Fernandez's net worth is based on their sale of stock and current holding of stock."

while spending all the cash flow on share buybacks will slow the decline of the share price, it will still take a lot of creative accounting and comparisons to come ahead of "total shareholder return relative to a competitive peer set" ... we can be sure none of the real competitors will be in that peer set.
As for revenue generation, perhaps it will be measured in negatives? ie keep the revenue above $10B at the end of the 3rd year (unlikely given current trajectory and forecast for 2026)

Wow that explains why the Share Buyback has been reinstated "with the goal of delivering meaningful shareholder returns over the next three years."

Dodgy people they use profits in a sharebuy backs to prop the share price in order to get their incentives instead of using that money to pay employees. Pure manipulation of company funds and greed by the pair.

These people obviously need it a lot more than we do. They clearly can't manage their personal finances just like they can't manage this business if they need all this money to live on. Meanwhile most of the staff saw the writing on the wall years back and have been stashing money away for our pension. Whatever DXC does or doesn't do is irrelevant. But another month's salary is welcome. But it doesn't insentivise me to put any effort in. Only market rate, bonuses, and annual pay awards in line with inflation will change my stance. But by the time that happens I'll probably be long gone, as will DXC.