By now the company should be turning around but the market knows Raul hasnt done anything to grow it. His just brought in more of his cronies, the pre historic old middle managers still there creating new processes to keep everyone busy and themselves looking like managers, paperwork and meeting mad.
No manager is skilled in growth, they just talk it. Sad position after 1.25 years. Wonder if the execs will take pay cuts or if anything will change with middle managers.
Share price heading to $17 near 30% cut since Raul took over.
Thats a great performance, the Company is shrinking, Employee pay is shrinking.
The Exec pay and bonuses will be granted on time without fail.
How is that justified? Execs dont hold Town Halls and tell folks to take less when your hammering it for yourself.
Its time you took some cuts and delayed your payments till you can grow the company.
you know who’s really doing a poor job the person that made this post they’ve had 5/4 they get their résumé out and to find a job with a better employer. If they can’t find another job with a better employer, then su-k it up, baby. You’re where you belong and do your job and quit complaining.
@kb+1jmzwec2g is that US terms? I'd love to just walk out and leave them to it.
Raul was never the right choice, but the only board member who wanted it. Easy money, dowsnt know the business,travels all over the world and we get nothing for it
Turned in my resignation today via email from the Storage group and Friday is my last day. No notice as they haven’t given me a pay increase in years
@gm+1jmzwec2g I'm shrinking what I do for DXC. Just like they shrink our salaries every year. It might not go down, but it bought way more 10 years ago.
@gk+1jmzwec2g There is no way I'd buy DXC knowing how cr-p they are. Invest in companies that actually turn a profit. Which possibly isn't any who use DXC as they clearly have little sense either.
The motto should be "Shrink DXC" as thats what they are good at, especially the middle managers who are only good at cuts.
Buy DXC stocks after annual fiscal results upcoming every May. They will have briefly tanked. Then wait 6-7 months for them to increase by a couple of dollars per share. Sell them. Annual merit bonus secured. Repeat every year.
I thought Rowhull was brought in as a Growth CEO to replace Salvino who had done the foundation work and put the company on a strong base.
We are in same boat as 7 years ago.
No sign of any growth in $$$ revenue, all we see is growth in processes and blocks. Old college managers who only know cutting need replacing with more agile growth focused ones.
The focus has to change.
@bf+1jmzwec2g Vicious cycle. The company fails to treat its employees fairly, doesn't invest in it's business systems, and continues to operate mostly on an account level. It doesn't know where and who makes it profit so it makes bad decisions. The staff who do bring in the revenue don't get rewarded for it, so stop bothering.
Fair value $5-10
Revenue declining year on year.
High debt.
No real growth prospect.
Poor management.
Employee morale at an all time low.
Why would you want to invest in this company?
From what I hear, the majority of the UK contracts are running at a loss!!
Share price down to $18's, share price is supposed to go up if the company is doing well, it means external people Wall Street like the employees don't believe the bull.
Time for a new CEO?