Thread regarding DXC Technology layoffs

$247.57 (or $247.5793 to be exact). $32,185,309 / 130,000... Sickening.

@ZCQCKWi-1huy wrote :

"247,576.9230769231 Per each 130,000 employee that’s just crazy for taking a company from. $90 a share to $50. Fire the MF already"

Pretty sure you've misplaced a decimal point there somewhere.

$32,000,000 / 130,000 is around $250 per employee...not $250,000.

That said, $32m for stripping a company of its assets, laying off tens of thousands, and destroying the long term prospects does seem to be a lot...but unfortunately, the market rewards short term gains, and rarely seems to look beyond the next quarters numbers. So that's what the management focus on when the bulk of their compensation is driven by stock price.

"Corporate executives give several reasons for stock buybacks but none of them has close to the explanatory power of this simple truth:

Stock-based instruments make up the majority of their pay and in the short-term buybacks drive up stock prices."

So don't forget, who this money is effectively going to:

https://www.dxc.technology/newsroom/press_releases/145798-dxc_technology_announces_incremental_2_0_billion_share_repurchase_authorization

Thats $3bn that could actually be invested in making DXC a viable company and $3bn that any long term holder of DXC stock will see p1ssed away - because the only winners in a buyback are those who sell their shares... which is of course the gentleman named in this post on here.

"Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation. But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse."

247,576.9230769231 Per each 130,000 employee that’s just crazy for taking a company from. $90 a share to $50. Fire the MF already

Mr. Lawrie is a seasoned IT executive with a reputation for revitalizing complex global companies to deliver increased shareholder value by driving operational excellence, client-centric strategies and championing innovation.

BWuahahaha!