Thread regarding DXC Technology layoffs

Can it hurry up and fail and be taken over by an organisation that doesn't just talk automation and staff value and actually implements it. As one of those people who can't face resigning, it would be a massive relief to be told the jobs over. Meanwhile I'm doing as little as possible playing the same game as everyone else trying to climb just far enough above my id--t colleagues. What a toxic company we all work for. I hate it.

Useless guys read the other thread. Too many nut cases in this place, with no understanding of either technology or how business finance / strategy works. You guys are barking at the wrong tree. The ultimate judge is wall street - and they liked the results. So go ahead and service your customer or get out of the door.

Margins are actually down across the year!!!!

"The margin increased 80 basis points sequentially and was down 20 basis points on a year-to-year basis."

To stop employees getting raises Sally said a couple of years ago "we need to get double digit margins", he set it so high knowing he would never have to give raises on that metric, the current margin is 7.3% he will never ever reach 10%.

In 13 years (52 quarter's) the margin has only been double digits 4 times.

When he joined the margins were around 9%, he has successfully reduced them to 6-7% over his 5 years.

The guy is just a disaster, share price collapsed 50% down despite billions of buybacks, no employee raises, margins cut by 40%, turnover down by 50%, can't even get a consistent book to bill of 1 when revenues shrink every quarter, more and more ex Accenture gang keep getting added to the payroll but deliver nothing.

His going to bleed this company dry.

Why are you still keeping him?

Margin is up, so thats good news, hopefully sales aren't flogging as much hardware at no margin to prop up revenue numbers.

We are all in the old age home. There is no way to revive or get younger. It will just be a slow decline to the end. amen

Think he meant Adding three impactful new senior leaders over the past five months to steal more money from the company !

Also if he needed 3 more leaders , then why does DXC need him and his inflated salary and benefits

How many more excuses do we have to listen to, it's worse every quarter.

Last time he said projects were delayed by customers and would appear in the next quarters, both nothing appeared, just the usaul jam tomorrow talk. He talked new operating model will sort it last time, and used the same excuse again this time.

The latest excuse is that new high level managers appointed will sort it.

The playbook is a book of excuses.

Only one thing is sure of are cuts. His going to cut staff payments and data center buildings, till there's nothing left to cut. That's as good as it gets!!!!

Please please please get rid of him, it's desperation now and his past it.

as posted on another stream ... not sure about another share price collapse as these results were as expected (bad) so factored into current price, it wasn't a surprise and that's what moves the share price

and the results and excuses have arrived ... another bad quarter, GBS flat-lining and GIS continues to shrink rapidly, led (weighed down) by the perennial boat anchors of Cloud Infrastructure & ITO and "Modern" Workplace. On track to shrink by $1B for the full year.
Of most concern is the book-to-bill which is shrinking very quickly, down to just 0.76 for GBS and 0.87 for GIS
But don't worry Mikey2 has said "... Adding three impactful new senior leaders over the past five months to an already talented team will allow us to more effectively deliver for our customers and on our goal to consistently grow revenue..." which if generated from ChatGPT we'd have called a hallucination