There is a saying like this: When your company starts saving costs in paper and pencils, just run.
DXC is saving in paper and pencils. Of course, not literally (or maybe yes), but other things which don't have a representative cost compared to others. One of the latest actions since 2020, although it is sold as an employee benefit, it's just a ridiculous way to save costs in short term and su----e in long term: no offices open, even for a well-balanced combination of remote working and office.
The buildings and offices rentals are still there (they have not get rid of them, although it's a matter of time, but they are saving on electricity, heating/air conditioning, maintenance, etc. What's the margin cost of those services per employee? What's the "hypothetic cost" of not having absolutely anyone in the office to get new joiners engaged?
DXC is just dying in agony, trying to save costs wherever they should NOT save in. They lay off people who produce benefit (because they just see the cost), they hire management layers, instead of cleaning them up and remain with the real good managers. They save paper and pencils in offices, while their 150.000 employees are spread and isolated, just with their tiny view of their tiny teams.
In summary, they try to keep the company afloat just by the cost side. Nobody cares about the incomes side. And they do it the worst possible way: keeping the huge cost buckets there because nobody cares on touching them, while saving pencils.