DXC is dying, and leadership actions show it has no real intention to recover. DXC keeps a large cash surplus because it’s managing decline, not investing in people or growth.
Cash provides leadership with flexibility and protection as the business is in a managed decline.
• Build cash reserves → no investment → No plan for the future
• Only 'investment' is in Sales and Customer Experience centers to give an impression of investment - no real investment in offering innovation, people or value for clients
• No pay rises → avoids permanent costs
• Overpaid execs + buybacks → boost EPS and hit bonus targets
• Big cash pile → protects credit rating, reassures clients, funds restructuring
• Buyback investment → financial optics over long-term capability
In summary:
DXC is choosing control and shareholder optics over investing in itself or its people. DXC leadership is just waiting to cash out - waiting for a buyer, or waiting for someone to identify the very few assets, sell them off, and dispose of the rest.