Thread regarding DXC Technology layoffs

@g5 I do question how the market can't see it when everyone else can. But hopeful your prediction is wrong, and it's actually more like 6 months tops before we're all done.

You are absolutely right the company is split into people who have been around forever, and realise no amount of effort gets them a pay rise so have given up. And then realised nothing happened and they are still here. And people who are still wet out of university and just playing with AI and taking all the training they can as a stepping stone to something better.

The only reason it has continued as long as it has is that most of the clients are equally as slow about changing things so haven't yet hit the button to formally end the DXC contract. Maybe they also hope we'll go bust and they don't have to pay any early termination penalty.

We in Networks are the Cream of DXC. We lead all the employees, yes we learnt from AT&T you get a raise and bonus every year.

Or we work on DXC pay and do nothing. Choice is Rarwools. His not going to have all the cake.

Folks, Listen this from a ex-hpe services employee who ran away when the merger was on the cards with the useless CSC.

Have been watching this company for 5 odd years and as you have all seen - there is not much here. They expected the insurance spinoff to get them a billion and fat bonus for execs - but that did not get anywhere.

Highly paid - zero motivated - waiting for wfr employees - 75 percent.

Rest some new hires who have never done any delivery.

A management that smartly cooks the books and collects bonuses regularly.

Another ensemble of exec's who travel to all cities and have fun.

A network group roughly 5k ish people - who would do scoot - still thinking they are AT&T

Huge population in offshore whose laptops have mouse jigglers.

A very strange group of analysts who ask tough questions to companies like Google etc. - don't ask any tough questions to the dxc management. The analysts very well understand the company's predicament.

Shares down from 96 on the merger day to 13sh now.

This belly dancing can go on for couple of years more.

@ev go read or listen to what he said.

He has a plan A and hints at plan B.

I'm guessing the plan B is literally a fire sale though. The toxic combination of the state of dxc and the state of the market don't allow for anything else.

Probably as part of plan A there will be some large scale downsizing anyway. He didn't say that explicitly, but it's got to be on the cards.

@dr Two years? For outfits like DXC with no tangible IP, no standout competence and no loyal customers, it’s already checkmate.

With the AI overhang and DXC baggage and looming recession, there is no breakup of DXC and there are no buyers of any part of it. Even its much touted insurance software is clunky and outdated. Its banking solution is even worse. The car OS is an open source repackage. Any prospective player that could be a possible buyer will be better off building these from scratch and targeting DXC customers one by one.

There are no assets, people. DXC is a group of old employees nearing retirement in countries where it is very costly to let them go due to laws and regulations. Who would want to buy a workforce of European geriatrics in this economy?

Rool said to Morgan Stanley that either the AI push works or it's breakup and sell time.

You can find the link to that transcript on here and read it for yourself.

I'd say that's probably 2 years max before they decide which way it's going.

Whatever it'll be, better not be acquired by private equity. It will be a bloodbath.