Thread regarding DXC Technology layoffs

Salvino awarded himself 20.3M USD in 2023 for shrinking sales and slashing profits again

« No room for salary increases, bonus or COLA » for the staff that works their butts off and needs to cope with unprecedented inflation. This was and is the mantra in every townhall.

And then Salvino pats himself on the back with 20M USD for FY2023 for another year of shrinking sales and slashing profits. Run the numbers: he diverted >100M USD to his bank account since he joined DXC without delivering 1 USD of growth or profit. What FY2024 will look like in terms of « growth » is depicted in « DXC earnings call for the period ending March 31, 2023. »

What about the moral integrity of these « leader » who claims that « The first step is to inspire and take care of our colleagues. » Are you inspired? Do you feel taken care off?

https://www.theregister.com/2023/06/15/dxc_technology_boss_awarded_203m/
https://www.fool.com/earnings/call-transcripts/2023/05/19/dxc-technology-dxc-q4-2023-earnings-call-transcrip/

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| 1572 views | | 5 replies (last June 23, 2023) | Reply
Post ID: @OP+1n9TSY2c

5 replies (most recent on top)

Turning a corner you are deluded

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Post ID: @7ypl+1n9TSY2c

C'mon gang, you've got to give time for my 'Proven Playbook' to work.

Remember, there will be jam tomorrow for all of you (just ignore the Champagne and Caviar for me and the execs today).

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Post ID: @qwb+1n9TSY2c

Loved the quote in the Register article
“We are pleased that DXC’s focus in fiscal 2024 will not be fixing challenges, but delivering higher-quality revenue, and expanding Margin, Earnings per Share and Free Cash Flow to create long-term value for our stockholders.”
So they've given up trying to fix all the things wrong ... high quality revenue means less and less revenue but what's left must be really "high quality" now its shrunken so far, and spending the few $ left that's not gone into Mikey2's salary is spent buying back shares to prop up the share price - and that long term value for stockholders is a market cap half what it was when Mikey2 turned up and more than half of the market cap is the share buybacks ... what a promising future in 2024 and beyond!

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Post ID: @rcl+1n9TSY2c

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001688568/05e8e25d-432c-4a24-817c-c7823f97d874.pdf

Page 69 exec compensation summary for this and last 2 years

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Post ID: @zxp+1n9TSY2c

Mate, We are turning the corner. Hired amazing talent from the market as new EVPs SVPs VPs to run our essential evolution. Aligned the labour pyramid to match our competitors and increased women workforce. Hikes were given to countries wherein there were market disparity.

So let's work together and make this company great again. MTCGA!

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Post ID: @huv+1n9TSY2c

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