Thread regarding DXC Technology layoffs

@Q9h39vL-kbm - your increase in stock price is through extreme cost cutting. Not organic growth. They are dismantling the company. Take note of all the messages you are seeing from internal employees, not just those that have been laid off. I was an HPE employee and saw first hand what they were doing and had first hand contact with the level of support they were replacing the employees with (when they were replaced at all)... The upper level management does not know what they are doing.

The same guy that was head before the spin off went over to DXC. The only thing he could say in the town hall meetings is Meg wants everyone to go back and work in the office. I assume DXC will start doing reorgs so he may get flushed out for someone new. Every three months at HPE they reorged and kept calling it transformation which got the whole mess spun off.

@Q9h39vL-1hxt - Thanks for your response and I appreciate your questions. I am very sorry to hear that your friend has lost his position with DXC and I sincerely hope that he has found a new opportunity that might be more enjoyable than his previous employment with DXC. As a shareholder of DXC, I must admit that how the business is run is less important to how my portfolio performs. In the case of my DXC ownership, I haven't been dissatisfied with my return, so I don't have many complaints. Please also keep in mind that I have worked in private industry for my entire career and have a tremendous amount of compassion for the realities of business and how humans are capital to the corporation they are employed by. This is just fact. I learned, in a hard way, that emotional ties to a place of employment can be as dangerous as the expectations that a company "needs" someone to be successful. It just isn't true. I found much more satisfaction and peace when I focused on the assets that I could carry from place to place that would ultimately create success for myself and my family. I was then able to release my fear of losing a job and rely on my strengths that could not be taken from me if I were to be involved in a corporate restructuring/layoff.

As for your question on what my plan regarding the return on my DXC shares, my answer would be that it really isn't a singular response. I have divested myself of some shares to invest in other shares to diversify my portfolio, I have cashed out some shares and I'm holding shares to see what happens. It isn't really knee-jerk reactions that drive my portfolio. If it were, I would have cashed out yesterday when the shares hit the high of $98.85 USD. I am intrigued by the USPS spin-off, but I know the divesture will drive revenue out of the balance sheet and will lower the value of my shares in DXC. It would be my hope that the new company value will off-set that loss and will bring new revenue streams in the shares that I will acquire as a DXC shareholder. The market is a game that we all play, whether we are employed by DXC (or whatever company we are disgruntled with today) or not.

I appreciate the message and your thoughts!

@Q9h39vL-kbm

If you've made a 100% increase on your stock then its your share of my friend's former salary, pure and simple. Its the only way any money is released round here, its certainly not from "exciting new products and clients"

Anyway, what's you investment plan then? Hang onto your investment until roughly before the end of the 3 year 30% return of capital? Bail before everyone else does? I mean that has to be your one and only driver doesn't it? It's certainly not about actual profits because the ITO game is a failing market (not just DXC) and the only money to be made is dismantling these corporate giants for scrap.

Mikey himself is getting a glowing reputation in the scrap business it seems.

let's see whether dxc can make it till january. for those investors, better start dumping now. it won't be pretty starting this december fox dxc. suppliers, vendors you better start asking your terms in cash unless you wanted a bounced check or bad debt. employees, my best advise to you get another job. mikey and the gang have f*cked up big time. it's not worth hoping and dying for them.

I currently work for DXC in Europe. I will not say what department but suffice it to say that while performing my work and reaching out to teams WW I was told the lack of responses and disregard of escalations is due to the fact that those teams lost 50% of their people and are trying to just keep afloat. They do what is possible but cannot manage the workload with half the staff...

Just sayin - if you think there is no issue. I do consider this a big issue. And that's only one thing.

However I don't think anything dramatic will happen after December. I think this will last more than that.

I don't understand what is going to change in the next month and a half? I am one highly demotivated DXC employee, but I also don't see the point of this panic inducing post. If you are still with DXC, I guess you are probably on your way out (given what you have advised others)..if you were WFR'd, I understand your frustration and mental state ( I was WFRd from another company once). If you are or were never an employee of the company, why bother coming here? Go get some fresh air and stop making it worse.

@Q9h39vL-ktk - Case in point to the post before. No substance in your post and only looking to talk to hear yourself. I'm not sure why you feel the need to be negative if you have never worked for DXC, but you are still worried about blocked IP Addresses, which doesn't make any sense anyway. It almost feels that you are trying to talk people onto the ledge with you as opposed to being a human-being and helping them off the ledge. Best of luck to you in your search for sanity and peace. There are people who can help you release your anger and find both.

@Q9h39vL-kdm - This is a completely fair statement and I appreciate you not degrading my initial reply to the first post. I guess my reason for wanting to reply is that I have worked for companies that are both failing the market and failing their employees. It never happened in one month. It was always a slow death spiral that lasted multiple years. In one of the cases, the company actually peaked and then the death was slow and painful. Your second point is not something that is not unique to DXC though. If you randomly chose a company here on this website, there would always be a post about low morale amongst the employees of that company. That is just the culture of corporations in the current generation. It would seem to me that a better use of these posts would be to inform others what you know to be true, with substance, as opposed to making statements, like the original post, which provide no real value to a sensible conversation. Thanks again for being civil!

While I don't like the initial troll comment, I think the response reflects the reality of DXC.

1. Shareholders and Wall Street currently love DXC.

2. DXC Employee morale is rock bottom.

I have never commented here and do not work for DXC, but the Q2 earnings report was stellar and it appears the company is moving in the right direction. I cannot understand why you would make the suggestion that there would be a catastrophic event that would/could occur in just one month. I understand that there are some disgruntled people that troll this board and that layoffs are very real in the Corporate world. I also understand that business is cold and people are most definitely not the first concern when it comes to satisfying the street. However, the financials of DXC tell a story of a profitable company with leadership that is driving toward a common goal (and, please, no snarky remarks on that common goal being the toilet or whatever else might suggest a downward trend). As a disclaimer, I am a current shareholder of DXC since the merger or HPES and CSC and have realized a +100% increase in stock price from acquisition. My aspiration for the employees of DXC are that they are proud of what they are accomplishing and that they keep a level head on their current employment, while also keeping an eye on their future endeavors. Nothing lasts forever, but, for the time being, the company seems to be performing well.