Look at this BS piece here:
https://www.theregister.co.uk/2019/02/08/dxc_technology_utters_words_hiring_and_digital_105_times_in_q3_earning_crash/
DXC Technology's trigger-happy CEO mentioned the word "hire" or "hiring" 27 times during last night's conference with financial analysts. It's almost as if Mike Lawrie was trying to make a point. As for his use of the term "digital" – he uttered it a full 78 occasions.
The exec picked up the blower to explain why his business had again reported another three months of falling revenues across both its operating divisions. Total sales for Q3 ended 31 December (PDF) were down 5.2 per cent year-on-year to $5.178bn.
Global Business Services dropped 6.3 per cent to $2.169bn, forced down by "ongoing headwinds in legacy application services as well as the completion of several large projects", the CEO said.
Sister division Global Infrastructure Services shrank 4.3 per cent to $3.009bn due to "the ongoing decline in legacy infrastructure services", DXC said, as well as "transformation projects" ending. DXC was quick to point out the sales figure represented a 3.7 per cent quarter-on-quarter rise.
DXC – like so many other firms including IBM, Fujitsu, HPE, etc, etc – is trying to, er, "remix" the skills it has internally. "And that remix of the workforce, both re-skilling of existing [employees] as well as bringing in new people, that's going to continue for a long time."
This, El Reg is sure, will bring some comfort to the workforce, who have seen 40,000 colleagues already sent down the redundancy chute since the business – a merger between CSC and HP Enterprise Services – launched in April 2017 with 170,000 staff (PDF).
Ever sentimental, Lawrie said some 14,000 heads had rolled in the year ended 31 December "It's true but on the other side of that is we've hired thousands of people into these new [digital] businesses."
The reason the DXC boss kept talking about hiring in new areas seems obvious: the industry is shifting to cloud; and contacts we have within the business talked frequently about the cuts hindering the company's ability to service existing contracts.
In addition to shedding thousands of staff, CFO Paul Salah said DXC's "ongoing productivity efforts" had seen it cut real estate by 1.5 million square feet, close seven data centres – it is on track to exit up to three in this fiscal year – and using its Bionix automation programme to reduce costs.
The business said it is investing in the "acceleration of digital hiring" and expanding its "digital transformation centres".