At this moment it seems that only a miracle can stop the decline, or the radical changes that the company has long needed. I don't have any high hopes anymore. My only mistake is that I didn't leave much earlier.
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The decline could have been stopped by Shouty McShoutface when he first took over as CEO. In the time since he took over, he's not just continued with Mike L's programme of cuts, he's actually accelerated the cutting process. So customer service has declined, staff morale has crashed, shareholder value has been destroyed. Can the company recover?
IMO, it is now too late. DXC's reputation has been so badly trashed that no sane customer would consider using DXC as a supplier. They're not an employer of choice for top talent; they're the employer of last resort.
It's a slow motion train wreck, and it won't survive much longer. In fact, the sooner DXC collapses, the better. Clients will be able to contract with decent, ethical suppliers. Employees will be able to work for decent, ethical employers. Yes, the sooner this morally bankrupt organisation ceases to exist, the better for everyone.
Only way out is to put more energy on the platform-X product and drive more revenue in the GIS and GBS space.
Before it got cancelled as part of the $500M in cuts, Platform X managed to help DXC "grow" from $26B to its current $14.5B - guess we can't blame it for FY24 shrinkage as its no longer around ...
Only way out is to put more energy on the platform-X product and drive more revenue in the GIS and GBS space.
Please join the innovation week!
FYI DXC was founded to decline.
This management is not capable of improving things or growth.
They have proven ot over 3 years, time is up.
Need new management, who will do less bull and milking, and more growth and expansion.
The decline is pretty much terminal. DXC missed the bus during the M1 era ... when instead of growing the business, the focus was to artificially inflate the share prices by cutting heads and disasterous acquisitions.
DXC and legacy CSC made a perfect hash of acquiring niche, thriving companies and stripping those of their main assets, namely people, in the name of "cost take out"....ruined those irrepairably. Instead, those acquisitions could have served as engines for growth and diversification, if only the quarter-on-quarter share price appreciation was abandoned.
For a brief period of time at the start of the M2 era, there was a glimmer of hope. That has been extinguished now for all pratical purposes, and M2 is now just a poor carbon copy of M1...
My biggest surprise is, the shareholders allowed this to happen and no one has called the bluff during the last 10 years.
Scares the he-l out of me...as to what the investment gurus look at when they evaluate a company.. DXC is still evaluated as viable and "buy"...
Nothing will change if this leadership keeps doing the same thing and expect different results: maximizing shareholder value, top-down management of the business, box-ticking exercises, arbitrary layoffs, and reckless obsession with public approval (culture week, menopause celebrations, international X days, etc.).
It's time for this leadership to recognize that the set of choices they've made do not work. What's more, it backfired on them just by looking at the share price. Either they copy successful business models from businesses that are, in fact, successful or, simply resign from their positions and let others craft and implement radical changes.
I suspect the latter won't happen any time soon.