Thread regarding DXC Technology layoffs

BENGALURU: DXC Technology, the $20-billion IT services company formed with the merger of CSC and Hewlett-Packard Enterprise's services business in 2017, has begun a fresh round of layoffs in India. The move was described by analysts as being part of a global cost optimisation exercise.Jun 16, 2020

OK updated the press release from a earlier reply
BENGALURU: DXC Technology, the $14-billion failed IT services company formed with the merger of CSC and Hewlett-Packard Enterprise's services business in 2017, has begun yet another fresh round of layoffs in India. The move was described by analysts as being part of a futile global cost optimisation exercise.Aug 8, 2022

I'll add the identical 2023 press release a little later

Mikey2 is the OPTIMIST; he sees light at the end of the tunnel. We're past the STABILAZATION PHASE!!
Finch is the PESSIMIST; More layoffs must be done. The tunnel is DARK!
Sharpie is the REALIST: These numbers cannot continue. He sees a freight train coming!

• The train engineer just sees three id--ts on the track -------

From 2020 and they are still doing it.

BENGALURU: DXC Technology, the $20-billion IT services company formed with the merger of CSC and Hewlett-Packard Enterprise's services business in 2017, has begun a fresh round of layoffs in India. The move was described by analysts as being part of a global cost optimisation exercise.Jun 16, 2020

Deutsche Banks contract with HP/HPE/DXC was never a good one. It got worse when most of the retained skilled staff were moved / made redundant or left for something much better. I am frankly amazed that DB have stuck with it and not triggered the exit clause. All the promises of re engineering everything into the cloud was literally fluffy wishful thinking.

Deutsche bank had a great contract when it was HP - the same contract has diminished in value close to nothing - case of our anchor customers going away. But nothing to worry please join the culture week and send email thank you for every Tom di-k and Harry who just does his freaking job

THE SPIN DOCTOR IS IN! No wonder DXC is flailing about like a wind man in front of a tire store. Your CEO stated in his prepared remarks from the earnings call that a NEGATIVE 7.2% was "GROWTH"! (What business school did this bloke go to again?) For the 100 grand a day you're paying him, you could afford a REAL CEO instead of this exorbitantly-priced, LASER-FOCUSED GUIDE TO THE GREAT BEYOND!

This earnings call was funny but it's nice to see that at last the analysts have come to the same conclusion DXC employees came to years ago- you can't believe a word our leaders say.

DXC cloud solutions obviously fuelled by Russian gas hence the problem, and its not surprising the Deutsche analyst kept asking hard questions as Mikey2 kept calling him by the wrong name! Not the smartest move ...

Yes, the grain export issue of Ukraine caused DXC revenues to go down.