Thread regarding DXC Technology layoffs

I think the thing you folks are missing is that the Mikey carnage was attractive to Wall Street.

They LOVED it, they made BILLIONS from it.

The story of pay rises and delivering what customers paid for doesn't go well with them - all of those things are bad for shareholders.

Whether Sal is someone who can finally follow WB's sage advice that maximising shareholder value is a sh1t poor strategy remains to be seen.

It also remains to be seen if there is actually anything left to salvage.

I am waiting for the autopsym, er, I mean a gloabl improvement project.

I would imagine they will start a "WTFWW project" or a 'WWW' (what went wrong) project.

This project (I would imagine) will engage L7 reps from each region into regional improvement groups to consider the impact of cuts on regions; assess the remaining skill capability for top 10 clients, critical delivery points, service and contract risks, upcoming threats and priorities for investment and the identification of good client delivery and transformation stories and getting client permission to use them as reference.

Staff rewards & recognition would be high on the agenda with quick wins to encourage graduates and curtail attrition. Innovation will also be on there for investment. The chair of the regional teams will report to an appointed member of the executive team, each of whom will be accountable and responsible for delivering on 6 key strategic growth goals and keeping the regional teams focussed on driving improvements in their respective goal team.

The plan, execution and monitoring will form part of a consilidated corporate improvement plan with 'quick wins' for 3, 6 and 9 months and will be presented to the CEO late Novemberr for comms to be prepared before December and ahead of the next Quarterly investor call where the most fantasical and epic plan ever will have to be demonstrated.

OK, its a pipe dream. But no harm in imaginging.

They talk about the dead cat bounce but I think its stop bouncing now and let's just say I don't think it will be chasing any more balls of string.

It doesn't even purr now.

And its starting to smell.

DXC is now a dead-cat company that no longer provides any offerings of value or consequence. With Lorrie gone the share price will fall to $25 or below before too long.

Shame really cos Lorrie has eloped to Palm Beach before the true state of the company emerges for stockholders to ponder over.

I prediced - worse case scenario - that the share price might fall to as low as 44 by which point the board would want a change of leadership. I could not imagine that a share price for such a large corporate giant could fall below 30 and when it dropped into the twenties then it felt like wall street is punishing DXC.

DXC wasn't the house and brick or even the house of sticks some analysts were lead to believe with all those quarterly investor powerpoints claiming that straw was 'the new brick' held together by magic digital glue and aspirational dreams that only 16:9 powerpoints with real photoshopped pictures could imagine.

It just came unstuck in the end. The analysts gasped, panicked and ran and the house of cards came down.

In this sorry tale, the only one who lives happily ever after is Mike.

No dead cat bounce. This puppy will drop to 25 and might dip below 25. Action is needed now. Way too much dynamics internally going on with this company. Insiders are selling until this new CEO has a hard core plan published. Right now he is fumbling with all the c-ap going on.

I don't think there's been any integration of acquired companies beyond the Expense, time booking and appraisal system. All the important stuff hasn't been adequately funded and hence it will feel like third-parties all working for some unknown black and white logo. That's been the case since early 2017. Makes you laugh when you read 'restructuring costs' as the quarterly headwind challenges. What restructuring? Changing a few powerpoints? Shuffling a few chairs at the board? Adding a new revenue and cost stream?

I predicted 29.00. Thank you. It should and/or will bottom out around 25.00. Market is very volatile right now and we will test 25.00. That is break up value and should prove valuable to other companies. Still too many overpaid folks, dysfunctional management and financial folks. They better move quicker otherwise you will see bankruptcy.

so now we know $29.60 is the latest floor - and when will that tranche of cash run out :(

We are in new territory now - it could quickly freefall to $27 if Sal doesn't publish a viable "plan" soon

I suspect we will get a dead cat bounce though

The Dow's down a bit and up yesterday - so expect DXC to hover around $28 - $34 for next 6 months, new Mike has time to do rapid change from top to bottom to reverse the downward spiral.

Will he do, will he succeed - time will tell - but not much time left (2 years) if he doesn't improve things