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9 replies (most recent on top)
where will the 8500 layoffs come from? From the three under review or the other ones?
@11YM3D31-1qiw yep agree and they still award Mikes $100 million pounds to leave, with the way DXC was going under his reign they should have WFR / Fired him costing the company dear.
What an absolute shower of sh1t these people are. Done everything for short term gain and it’s backfired. Thousands of people lives fooked over, and dozens of companies ripped off. Shocking!
This is a very same strategy used when EDS/Compaq merged.
The forward thinking that should have been orchestrated was to jettison consulting services, since no matter how many times one re-focuses consulting services, the same result occurs. Using the Accenture playbook within a previous software solutions company with services will not prosper unless having a stock price that is supported by institutional buyers waiting for DXC to be small enough for Dell or IBM to be interested in acquiring.
It’s not cutting the business. The clients are shared across the services. It’s put the 3 business where they can grow. It will serve no one to not handle this well. You guys going should be happy. You are free.
Cutting 25% of the business
Cut 25% of revenue cut 3 businesses
Layoffs 8500
Triggered good will impairment ...to fix stock price drop
Increase investment in sh–y EDS ITO outsourcing business because that's what I did at accenture and easy to make money by firing Americans or you Brits
Mike Lawrie paid $100 million to leave
Billing consultancy his down 20%
Billing GIS down 30%
Will stop stock buy backs to increase stock price
Delays in USA UK deals
Lost deals amount $275 million
Revenue down $250 million
Lower revenue because selling 3 business units
Bionix is the future
Combine digital and delivery
Spinoff 3 businesses
US state and local
Bps like Molina acquisition
Workplace mobility
Stock is down 15% already in after hours trading.
No earning reported.. just an introduction.. Also, you could tell they did not like the questioning being received...so they ended to call.