Thread regarding DXC Technology layoffs

DXC is a loser, they will lose Raytheon 2nd quarter 2020.

So funny!! I bought Jan 2021 $90 puts a year ago! Worked here for a few years and had no idea why the stock was trading at $90. Felt it was being uplifted by either "fuzzy" financials or just being uplifted by a strong overall bull market.

Some observations from my time there:

Management is clueless.
Most employees stay because they have the ability to work from home.
Feel really bad for Account delivery managers and executives who have to sell customers on a company that can't deliver.
Very late in supporting and servicing new tech. In many cases, customers ask ADE\ADM about new solutions.
Would be better served as an hourly staff aug organization than service provider. This will provide better margins, eliminate middle mgmt, provide cost flexibility, and a more engaged employee base. DXC right now is basically a staff company masquerading as managed services.

Finally a few thoughts for current employees:

• If\when stock price hits $28, consider purchasing $30 Jan 2021 or later calls. At $28 with a low interest rate environment, DXC becomes attractive for PE or acquisition.
• If you are doing good work for a DXC client, consider speaking to your client about employment or working for them directly as a contractor. Considering the push for cost reduction, you will likely face no resistance from DXC by departing their payroll.
• Be honest with your clients. If you feel DXC cant meet their needs, then share that with them. Realize that your integrity with business partners, vendors, customers, and even competitors is more critical to your long term employ ability than being a short term DXC apologist.

Yes change the CEO, CFO and trim down the excessive and duplicate management - have a clear and bold vision for Digital "Its DXC say so so" and how you achieve it. Reduce the need of offshoring, WFR and have a stable ship + mid and long term view - although may go against Wall street and investors looking for a short term $$

Comes to something when IBM and HP's leadership is seen as better than anything.

However, I don't think I've ever seen a company the size of DXC with such a ground down unhappy workforce and an utterly chaotic leadership that can't focus and commit on a single thing for more than 30 seconds.

Actually, I have seen it before - it was CSC from FY13 onwards.

You however should be not surprised at all to see another review website saying the same thing as all of the others BECAUSE ITS THE TRUTH.

I noticed this morning that a financial report on how Q2 figures are expected to look like said both that the stock was very under valued and at the same time had a 4 out 5 sell recommendation. Quite an achievement Mikey - DXC is both cheap and worthless.