The company is piling new debt on top of old debt again borrowing money to refinance what it is already refinanced block of debt.
Pull a block. Add a block. Raul smiling like all good. Until the market sneezes at the shaky debt tower. or it collapses under ongoing client exodus resulting in cashflow shortfall.
Lots of post are been deleted. Why?
DXC HR almost continuously complain to the moderators about everything said here, but the only posts usually deleted are the ones that name directly, or with little effort can identify, individuals within DXC that are not exec level officers of the company (whose profile is in the public domain) - plus any clearly libelous comments
@yv It's called contractual rises. The rate card goes up by at least an agreed amount every year. They will claim the clients get more and it costs less because we're being more efficient and letting staff go. The customers know full well what is going on, and have starting putting work with other suppliers. Who because those staff are paid, and engaged and possibly new and enthusiastic - just run rings round us, and DXC gives up. But hey they might announce we're all being made redundant in 2 weeks in the usual Christmas bombshell. But as it's what we all want, it'll be the best present ever!
Because they dont want the customers to hear about the DXC pay scandal. They arx taking COLA cost of living allowances from customers but nt giving them to Employees.
Lots of post are been deleted. Why?
@tp If nothing else, we can all align on this: DXC employees have the luck of the Irish, minus the luck. The rainbow leads straight to a pothole, the leprechaun steals their gold and Raul is right there helping them walk straight into the next rainstorm.
@qa Just financing? Raul is a leprechaun and they've moved hq to Dublin because dxc's biggest customer base is in the Irish Republic?
I think not.
@c4 No its just financing, nothing clever or out of the ordinary.
@nf This pays down a part of debt maturing in early 26. More than a third of longterm liabilities come due 26.
It's tax dodging that's all that is.
Company in Ireland "lends" money to other dxc companies (countries) and the loan "repayments" they don't pay tax on.
Money ends up in Ireland with the tax payable there is super low.
This is how Google/amazon/Starbucks avoid paying tax.
https://www.stocktitan.net/sec-filings/DXC/8-k-dxc-technology-co-reports-material-event-4584a1463a9f.html
https://www.morningstar.com/news/pr-newswire/20251202to37669/dxc-technology-prices-senior-notes-offering
Short of cash?
Refinancing debt?
Investing in growth?
Bonus for the executives?
Actually ai infused platform x-x can do that pretty easily. Multiple clients of ours are using it including ice.
That article about senior notes is a tax avoidance mechanism... Fairly sure of that
The world changed. Clients don't want major projects with PMs and million $ budgets. They want 3 lines of code changing by tomorrow. DXC has no process for this. It can't work without designs, change orders, PMs, and status reports.
Thing is our competitors can. The clients just go there!!!