Thread regarding DXC Technology layoffs

Class action shareholder suit time?

Mikey you've got to cut Vinny, Mary's and HIS OWN pay and give that to the deserving delivery folks and that will make the folks "please the customers" and in turn as you say they will come back for more business.

We get less than 4% increase and Mikey gets a 50% increase, F him!

"rather work for a company wiith smaller revenues but bigger margins/profitability". Hmmm. Kind of M1 thinking. The absolute profit and cashflow are where I'd start but you also have to look at the balance sheet. This turkey is barely investment grade. How do you increase margins on shrinking revenue to achieve the same absolute profit - become more efficient. Sadly this is impossible at DXC so they get rid of staff and lower the quality of delivery (sell high and staff low). It's why the company is f___d.

The reason the share priced doubled was "value investors" coming in on the basis of the non-GAAP mikey 2 BS. Forget about revenue and cash - we sold our cash cow and reduced debt (which just postpones the bankruptcy) and our book to bill is >1. Book o bill > 1 but revenues continue to decline - go figure.

There should be a revolution with Mikey 2, the new streakcutter, vinny, Turkey, Drongo and the other so called leaders hung from their heels.

Bring back Mikey 1. At least he was didn't give false hope to the stupid and lame.

I think Mikey has finally realised that everyone has worked out past all the talk of the "Stack", "Accenture gang" and their ludicrous bandit payouts of $5million each Vinny and Mary for Delivery and HR. Mary was embarrassed on the call as to the level of extortionate money she is banking, not many people get paid that much for a HR job.

He could build a whole small organisation for the $10 million them 2 recieved so that's got to change.

His focusing on grow and he doesn't trust the minions as they are only skilled in cutting and have proven they can't grow anything in 2 years except for their excessive wages and extra management layers.

So it's a positive step from Mikey saying his personally going to talk to customers about more business, but time is running out, I can't see Wall Street accepting anymore quarter's of turnover decline as its becoming unsustainable. So he needs to start the growth from Monday.

I wonder if mikey will give an ultimatum/objective to the middle management who do nothing useful to drop the useless and also deliver revenue growth.

Mikey you've got to cut Vinny and Mary's pay and give that to the deserving delivery folks and that will make the folks "please the customers" and in turn as you say they will come back for more business.

Because Deutsche Bank keep hyping the stock. Was a hold at $90!! The SEC should investigate.

If you lose 33% of your turnover in a couple of years there's no way you can improve your profit from where it was.

When M1 left profits were higher as he was a big cutter so he kept margins and profits high as he managed the turnover decline. That's why the stock price stayed high.

Under my he has added to the layers of useless management overheads so earnings and stock price dropped to a low, then slowly he has squeezed the lower staff and other costs to improve margins so the stock has risen.

So it's been all internal tinkering, eventually the market has worked out after 2 years there's no growth plan, there's only so much you can fool people.

its still the same old cutting and 1/3 revenue decline with more declines to come, so stock has fallen.

In fact DXC has not paid a dividend within the past 12 months so shareholders are also getting shafted.

So who are the only people benefitting from all this?

The people from Accenture got $60 million between them. They are the highest paid executives running a company which they are downsizing/declining and the market and shareholders have worked it out.

Until there's a growth plan, and sales....

And managers are focussed on growth instead of cuts the company is heading for failure.

Revenue is not always the best metric, I would rather work for a company that has smaller revenues but bigger margins/profitability. I surprise myself saying this but, some of the plans to loose some revenue streams to gain margin and improve profitability are very sensible, particularly when they can help simplify such an overly complex group and simplify day to day operations.

@wgo+1cvCRgMl - that consistent shrink has not alluded the notice of the market! It as all a game for dividend players! They know full well ticker symbol 'DXC' is a risky play, but consistently pays out - when the thing goes TU it will be the one that blinks first that loses...

They should get plenty of warning from CEO furtively dumping $0 options.

The real losers sadly will be many employees who have not realised the game at hand - they should also notice dwindling revenues, no dividend freeze, lack of investment.

Who will be crying "fool me twice..."? It will not be the sharp market players!

I too resigned some time ago.

Cool, the execs will use other means to milk the company - hopefully they will be so focused on cutting up the pie - they'll not notice the pie has gone! The SEC will though...

I left DXC some 3 years ago, having finally had enough, and still like to follow people's comment on this site. Nothing seems to change, and evidence indeed confirms M2 is as bad as M1. What bewilders me is why the markets and shareholders haven't worked this out sooner, and voiced their opinions more loudly.

Based on published performance figures, how can the stock price be double what it was a year ago?