Thread regarding DXC Technology layoffs

Hey, Gang!

You just don't get it, do you?

We're about to make the biggliest, bestest, share buyback in DXC history, and it's going to help Make DXC Great Again! It's going to be great, 'cause in a time of falling earnings, it is the only way I can boost EPS. EPS is a key for my bonus, so come on, what else can I do to make sure that more $$$ lands in my pocket??

Oh, and while we're at it - please all of you, work harder to help the company get back on track, and put more money in the bank for me and Finchy. There won't be any raises for you, just more WFR. If you don't want to be one of the WFR people, you'd better work harder!!

Mikey!

DXC will run out of cash to deploy on share buy backs soon. They need about $1.5B-$1.8B of cash on hand to cover operations. In Q1 they generated -75M fcf and still held $800M cash guide for full year. With falling revneues and profits that will be a stretch to deliver, which means it will squeeze the cash available for buy backs. DXC has historic low interest rates on it’s debt, however if they don’t generate additional fcf they will have to finance buybacks which will be unsustainable with the company’s performance.

Put it this way don't buy DXC shares on the dip, there's more to fall.

Mates, Hang on. We do share buybacks and their timing in the markets based on AI infused Platform-X's predictions. The idea is to get the best bet for our money

The share price is sliding for lots of reasons. Perhaps one of them is because shareholders know the buybacks will happen?

Looking at the technicals there should be a 48% decline in the share price from $27 to $13.25 in September.

So there should be no buybacks at the moment.

Technically with near $5 billion debt it means his happy to borrow money to do a share buyback.

All is unravelling now, the guy is bent on greed for himself doing a buyback whilst telling employees raises can't be afforded.

He would be mad to push this through with sliding share price.