Thread regarding DXC Technology layoffs

Some suppliers not paid for 9+ months have stopped to deliver services or goods to us, which is causing failures to the services we (are supposed to) deliver to our clients. Down here the company was fined several hundreds thousands euros by the tax office for not paying taxes, desperate as they were to pimp the numbers for last quarter results. When all this becomes public knowledge the stock will fall hard.

Fall onto your sorry sword, d!ckhead! You've failed, admit it, and you should apologise to all the poor sods you, in your incompetence , have let down during your sad decrepit reign...F-- U!

The stock was never worth more than $20. I never understood what justified such a high valuation.

The biggest stock buyback fail is this one, and its a good comparison in many ways:

http://www.mbiconcepts.com/do-stock-buybacks-work.html

Read that... there are also some wise words at the bottom of that analysis:

"The next chief executive will need to focus first, on restoring the market’s trust and confidence in the company’s business strategy and then shift the corporation’s priority from investing in paper to people, processes and products.

This is the way to maximize shareholder value."

Now lets see DXC has broken $60.00 very easily that may only mean breaking $50.00 is next. In the past it seems like companies made a big deal about new business signings. Have you seen any new large deals with DXC? Seems the remaining so called crème dela crème employees can't turn this monster of a company around. Buybacks in stock mean nothing. It's like window dressing your financials. Real saavy investors can see through it. My only suggestion is too any employees left you should leave before this company is in the gutter. It will get really ugly and you won't get your severance or other benefits. Get out now before you really lose and are confronted with a dilemma for you and your family.

Good story on how Sears wasted billions buying back their stock instead of investing it in renewing their business. Essentially they cut their own throats.

https://www.cnn.com/2018/10/30/business/sears-share-repurchase/index.html

@1inv Agreed. Lawrie, like others in similar positions, is already rich and the falling share price will not be concerning to his personal financial position.

For people at this level, it really isn't about the money - above a certain level it ceases to matter. It's far more about power and influence.

@WgT7wYB-1rdh I'd doubt it really. He's near the end of his career and he's finished on tens of millions of dollars a year every year since taking the CSC reins.

If I'd banked more than $100 million, I'd not be worried at all.

Its just us poor plebs who sc-ape enough to keep a roof over our heads, food on the table and need a good few more years before retirement (if we can afford to stop working, I know I probably can't).

I guess Mikey might just be 'fearing for his job' now ? Welcome to the club - it's not nice is it?