Thread regarding DXC Technology layoffs

Turnaround plan

From previous post

"What a car crash.

The share price will tank to 25US.

The FY 24 figures have become pie in the sky not achievable unless the Dollar collapses."

The shares are going to end up around $21.

Confidence and credibility has been lost in Mike with such a bad set of results.

His only hope is to take out 2 layers of management overhead which isn't required or adding any value this quarter.

I'm a manager and we don't have much to do, so we try and arrange meetings and other tasks. There's quite a few of us like this but we just happy to make it look like we are holding important meetings snd getting the minions to do extra stuff and monitoring them.

Im sure a lot will keeping creating admin tasks to keep everyone occupied but I'd be happy if they offered wfr.

by
| 1421 views | | 6 replies (last August 5, 2022) | Reply
Post ID: @OP+1i3S31Gs

6 replies (most recent on top)

@rmd+1i3S31Gs - true likely Mr shouty will launch another share price buy back program to keep the share price propped up, for him and steakcutter no 2 to collect more $$ millions of bonuses and dividends before saddling the company with more strangling debt and leaving with a golden pay off in 2023.

by
| | Reply
Post ID: @1dmy+1i3S31Gs

As the revenue drops, and the margin as well, there is a urgent need to take out cost.

Why the cost of top management seems to be out of control, most would start to have a cost control there.

by
| | Reply
Post ID: @rmd+1i3S31Gs

1i3S31Gs - is absolutely right. Bang on. He is honest and right to the point of how middle managers work in this co. Well 500 million cost take out is planned, sincerely hoping this time they clean up correctly and empower the doers.

by
| | Reply
Post ID: @xvc+1i3S31Gs

"It is very clear that people want to join DXC, which used to be an issue in the market." - Mikey2 This guy missed his calling. He should have been a fiction writer. Is he implying professionals want to work for low pay, NO raise, and the constant threat of layoffs being held over their heads? AND you get to train your replacement over in India?....Me thinks it is time to say...THE EMPEROR HAS NO CLOTHES!!!!!

by
| | Reply
Post ID: @eaz+1i3S31Gs

Looks like they should have accepted the ATOS offer (2019?) when the offer was presented. Looks like ATOS could pick them up for less than $20, but my Spidey senses tell me they would not touch this lightening rod with a 10 foot rubber pole.

by
| | Reply
Post ID: @cow+1i3S31Gs

Expect more WFR, pay freezes and more share price buy backs to boost cash flow and share price - mid term 2023 before Mr Shouty, steak cutter cut and run

by
| | Reply
Post ID: @yjv+1i3S31Gs

Post a reply

: