What Happened ?
HPES/CSC cut sales people until they couldn't sell
HPES/CSC cut engineering people until they couldn't design or build.
HPES/CSC cut delivery people until they couldn't deploy
HPES/CSC cut operations people until they couldn't support.
Then they 'merged' the companies...taking the profitable bits off, and leaving 'DXC' as the franken-monster...
DXC cut sales people more to make the numbers look better...
DXC cut engineering people more to make the numbers look better...
DXC cut delivery people more to make the numbers look better...
DXC cut operations people more to make the numbers look better...
DXC bought a few companies along the way, to prop up revenues...while continuing to cut cut cut.
And for a while it worked. The acquisitions and cost savings hid the lack of sales, the lack of new product engineering, , the inability to deliver and the failing support, all of which was costing us clients and revenues. But then we started losing the big accounts, the cash cows...
Eventually...the ball could no longer be hidden under the cup, and the multi-year shell game finally caught up with the CxOs. The only thing left now is to wring every last penny out of the carcass before it gets tossed onto the waste pile.
More layoffs aren't really going to do much...the damage is already done. The investors know there is little upside left...they might ride a couple small bumps as the death throes twitch the corpse...but the stock price really tells you everything you need to know.
Found this to be accurate and precise view by @11Alsr4C-2kjo on how the company got to where it is right now. It was worth reposting if you ask me.