Thread regarding DXC Technology layoffs

Kicked out of Fortune 500 after almost 60 years

After 55 years in the fortune 500 kicked out, thanks Sally aka Mr Shouty

DXC dropout of Fortune 500 in 2023 has been in the Fortune 500 as CSC since 1971

Electronic Data Systems (EDS) joined the Fortune 500 in 1968, ranking at number 435.

Computer Sciences Corporation (CSC) joined the Fortune 500 in 1971, ranking at number 381.

Both EDS and CSC were early pioneers in the information technology (IT) industry, and their inclusion on the Fortune 500 list was a testament to their success.

EDS was founded in 1962 by Ross Perot, and it quickly became one of the leading providers of IT services to the government and Fortune 500 companies. CSC was founded in 1959, and it specialized in developing and implementing complex software systems.

In 1997, EDS merged with General Motors' IT division, forming EDS Corporation. EDS was acquired by Hewlett-Packard in 2008, and it was subsequently merged with HP's IT services division to form HP Enterprise Services.

Computer Associates International attempted to acquire CSC in 2010.

CSC acquired HP Enterprise services (EDS) forming holding company DXC technology

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| 1481 views | | 3 replies (last October 2, 2023) | Reply
Post ID: @OP+1oQk3BXE

3 replies (most recent on top)

@2yga+1oQk3BXE - Yo Warren Buffet, just shut the duck up and we know what we are doing. We the execs are turning around this co.

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Post ID: @3jai+1oQk3BXE

So what. there are a lot of great companies that are not in the S&P 500. I don’t think that’s a big deal. what is a big deal is the stock is down 24.72% YTD and the employee moral is horrible and most don’t give a rats a$$ what happens to the company, Good job Mike S (what a a$$)

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Post ID: @2yga+1oQk3BXE

I can just repertuar myself... I am all about calling out what is going wrong, but what i hate is this kind of spreading misinformation... DXC dropped out of S&P 500, which is different from the Fortune 500. This year's Fortune500 was announced mid of 2023 and DXC was on rank 255
https://fortune.com/company/dxc-technology/fortune500/

Thus, before middle of 2024 DXC will not need to worry about dropping from Fortune 500. Please stop mixing up these both rankings, they are independent from each other.

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Post ID: @2qqs+1oQk3BXE

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