Any predictions, info or insight?
How can we make more cuts, how can the company lower its financial forecasts when they’re already making huge losses?
WFR? More jobs to move Offshore? Another merger? A new CEO?
9 replies (most recent on top)
Just checking in how the new AT&T contract is going? Is Kyndryl completely out?
gain att lose raytheon, leadership pats itself on the back
AT&T Typical DXC deal, bid 40% less for a contract that Kyndryl couldnt deliver for that price then slash, burn, and sc--w the employees.
Never give them a raise, constant cuts, make them feel guilty that the company is doing badly and they can't afford payments except for the top execs who are the only ones working in the company.
This happens year after year with no end in sight, what a dire place to work.
Salvino sells it as successful deal, his a very good a munipulater, he can make a tu-d look like gold, unless his dealing with a new analyst or employees who know him well.
That "big outsourcing deal" is not an 8 year take from the existing incumbent, managed infrastructure at AT&T happened in September of 2019 when AT&T gave IBM almost the entirety of their ATO department. That became Kyndryl, who were struggling to make any money on the AT&T contracts. DXC is confusing the mainframe support contract with managed infrastructure but I guess it sounds like a better moral boost to claim 8 years.
Kyndryl was actually negotiating for better rates when DXC came in and underbid them based on an incomplete understanding of the work that Kyndryl was actually doing vs the language of the contract between Kyndryl and AT&T. Losing the account actually allowed Kyndryl to increase their profit margin projections for the rest of the year.
The AT&T "win" is a poison pill for DXC and AT&T is already having issues with DXC because of cancelled changes, outages, and critical things falling through the cracks.
GBS is not DXC direction as they just signed a big outsourcing deal with AT&T, that keeps them going is from GIS.
The CEO doesnt have a clue and I told him so on Linkedin
@nai+1o0gc6Wt - Did all characters in India get pay increases? or only chosen lot?
They can't afford another WFR. It's break up and sell time... GBS business will be DXC. It's going to be Mike's parting action.
They have given India it's pay increase... The rest have nothing.
Not too many folks paying attention these days. DXC is ALREADY a ghost ship. All the marketing hype, partnerships, and sponsorships are mere distractions to make the institutional investors feel good about their INVESTMENT (80% loss). Mom and Pop investors have already hit the fire exits a LONG time ago. No one can afford to lose 80% of their investment except the BIG GUYS. The comments about DXC being involved with AI is absolute proof they are desperate and clueless. Trying to associate DXC with another buzzword. BUT, change is in the wind. Institutions and analysts have finally realized this rat-faced despot doesn't have a clue. Every earnings call there is a new BUZZ PHRASE...laser-focused, inflection point, transformation journey, blah, blah, phreakin' blah and STILL the numbers go down. As we all know in REAL LIFE, it's the ACTIONS not the WORDS that have real consequence. The actions of this "DEAR LEADER" only benefit the C-Suite. NO ONE ELSE!!! If you're still at DXC, the show is over. It's been over for a long time. Raises?...pleeeeeze....pay attention!
more WFR is good to reduce cost - fast
merger to overcome loss of customer contracts - fast
new CEO is good to create a growth story to feed the analysts - fast
all those things are not helping on the long run