Thread regarding DXC Technology layoffs

Think of DXC as a river at the end of its journey- flat, shallow, no energy, fragmented and disappearing into the sea.
Assets sold off to reduce debt or buy back shares in the forlorn hope of bumping up the price.
Continuing declines in revenue and worse predicted as of the Q4 briefing. But you can bet the executive compensation will get voted through as usual.
Only remaining asset of worth is insurance - which has been getting lots of air time recently as if being made ready in the shop window.
Would the remaining service stack survive as a standalone business - doubtful, even with yet another restructuring!
Another merger (Kendryl now a hot favourite) into anonymity is likely.
Shame really that all those football shirts and F1 logos are going to need changing since there’s probably too much baggage associated with the short lived DXC black/white/purple brand to keep the name alive.

Yes, DXC can be saved. The only leader who I've witnessed demonstrate the right character to be the CEO is leaving from what I've heard. He is Tom Pettit. None of the rest of the L2s are the right person.

The save formula is the following:

1. Terminate the current CEO. Not letting him hold onto his Chairman Seat.
2. Terminate the people running Sales Operations and Sales Comp Plans.
3. Terminate the people running the WBS Code system, based on the March 2022 Audit findings.
4. Hire me as CEO. I will only require 50% of the prior CEO comp package, and DXC keeps the costs reductions from #2 & #3 above.
5. I immediately begin an investigation of the corruption between Salvino and the Board member who seems to be running the ship.
6. I immediately change the Comp Plan Policies.
7. I immediately eliminate the L2 in-fighting for revenues.
8. I lead the Sales Org until I find the right person to run the Sales Org the right way.
9. We eliminate the loafers and freeloaders (you know who you are).
10. We promote the do-ers and those who do get stuff done right.
11. We begin rebuilding the morale of the good people of DXC.

There's so many of these mad men second raters. Arseuse meetal hasn't a clue about running a business, he sheets on on his managers below him, who sh-t on staff below them, all they do is cuts and sc--w the workers, no way to grow a business, doesnt matter how good technology you have or what the rest of dxc are doing delivery people are fuced over and the customers realize it. Get rid of these 2nd raters, when is growth coming as these id--ts still only working on cuts. End of game.

How delusion is the poster identifying key DXC folks who could do well as the next CEO?

It's not just Mike2 who is / have destroyed the company but the under-endowed over paid sycophants he's surrounded himself with.

Seelan???! He was a Mike1 acolyte who came to DXC pushing the IBM model of sales first and who cares about delivery.

Now that the speaker is elected, we will bring it to the Congress and pass a bill to revive the company.

Dxc can be saved by Mary Finchy.

She works tirelessly, she's so meticulous all her emails are quality controlled and througly checked. Each word analyzed.

She only sends out 3 emails in the whole year and that runs HR and Marketing for the whole company, the highest level of Efficiency, and she only charges 5 million for that.

If they promote her to CEO and pay her the 20 million she would send out 12 emails per year and that would turn around the company.

Go go Mary that's the new marketing campaign.

AI infused platform-x is the revolutionary product that will take us to the next level from our "essential evolution". We need a leadership to invest more into this groundbreaking technology and the turnaround is around the corner and stock prices will shoot up and so will be the investors happiness and employee health and mental well being.

@all I don't want to derail the conversation so I won't be replying to the questions untill this post is old. Im just here to listen at the moment.

• OP

@dvt+1pfmSDuJ - excellent posts; unfortunately too late to save DXC, reputation has been ruined, the best people have either been WFR or left to go to better rivals and the current M2 and steak cutter 2 are only interested in scooping as much $millions as possible before eventual fire sale of the company. To OP it's your money you risk by a) investing in first place - sorry for being blunt b) still keeping it in invested in DXC c) share price at every Quarter is sinking like titanic ( now at $19.99 and max probably see go up to $25 this Quarter, worse ? don't know; not hopeful... d) would if you can sell up and like M2 + steakcutter get as much return as possible before you lose more $

"SAVING" DXC is an ephemeral question. The true question would be "does DXC WANT to be saved". The actions and deeds of the C-Suite tell me NO, THEY DO NOT WANT TO BE SAVED. It is a short-term ATM for the nepotic "leaders" who will fill their personal treasure chests until the mine runs dry....whenever that is. My belief is the "end" is now inevitable. The company valuation is now so low that ANY enterprise could buy them for chump change....but no one does. What does that fact tell you?

Yes, DXC can be saved!

DXC has terrific, talented people who are underutilized.

However, it will require a significant operating change that ties every employee to profit outcomes. To survive and have a quick turnaround, DXC needs to quickly change every executive and employee to an “owner” mentality. This can only happen if everyone benefits from the profits of the company based on their efforts.

This starts at the top. The board needs to cap the executive compensation to a max of $100K salary, and the remaining income can be made up of stock grants based on the market level of the same role.

After the executives, all other DXC employees should be compensated based on an hourly market competitive rate based on the WBS code tied to an opportunity that they are participating in (either delivering or pursuing), a percentage of the net profit of the opportunity, and a defined stock grant based on their job market value.

As the next CEO, speed of execution is essential. That is why I think you need an insider instead of someone who is learning the business for the next twelve months from the outside. At DXC, a few key folks could do well as the next CEO: Seelan Nayagam, Global Lead, APAC Region; Michael Corcoran, Global Lead, Analytics and engineering; Bill Deckelman, executive vice president and general counsel for DXC Technology; Kaim Jeribi, Global Head of GBS sales or Tom Pettit Global Lead, Customer Success

I would love to hear others' thoughts.

No, its too complicated and too expensive to pull together into one cohesive organisation.

I also believe that the cohesion wouldn't even be of benefit because one size doesn't fit all.

The one and only thing that might make a difference is getting the staff onside by stopping the impression of the elite filling their boots with money while telling everyone else they can't have any.

As an outsider you might not understand that and just think its a minor bump in the road, but DXC has a problem much akin to the time immediately before the French Revolution.

Its not a minor problem, all day, every day, the ordinary workers just can't be bothered to go the extra mile, or even the first mile. It creates a massive drag on business.

Additionally, anyone who can leave probably has - the skillbase is shrunk to a bare minimum all over.

As as investor, would you invest in Ford if Ford had closed all of its car plants or just switched off the electricity to them? Would you be happy if the reason for that had been to allow the board to have more bonuses because they had "reduced costs"

Its honestly like that.

Fixing it is probably no guarantee of stuff turning the corner, but its certainly one thing that would increase the chances of success.

Basically having a "man of the people" as CEO. Someone who can talk straight and look you in the eye. We thought after M1 we'd get that with M2.

Turns out actually M1 was a straighter guy - he was a ruthless a hole but what he told you was going to happen actually happened. He never hid, he never lied. He smashed the company up into pieces exactly how he said he would.

M2 came along with his "proven playbook" - which we never actually saw any evidence of. It contained nothing.

Lets call the new guy M3. M3 is going to have to be someone who delegates. Let the little guys decide how to act, let them be both rewarded or sh0t for their actions. Enable them. Let them work out who their best staff are and let them reward and promote them at their own discretion.. Let all of this happen while M3 deals with grand strategy. Get that big cash pile back into buying more acquisitions - get heavy into M&A - just not HPE sized M&A. Ditch some of the lame duck parts too.

That's my suggestion.

Can DXC be saved

No. Its considered a zombie company, undead in that it keeps operating but will just fade away - no reason for anyone to buy it out, as they can take any worthwhile clients off them anyway, and in fact are doing exactly that, no assets of interest (and don't start yet again about Platform-X please!)