Thread regarding DXC Technology layoffs

R Fernandez and M Salvino were cronies associated at Carrick Capital prior to them joining DXC. Salvino extracted over $100M from DXC and put it into his own accounts since 2019.

Fernandez gave himself a $20M annual pay package. He will ride the train as long as he can to replicate what Salvo did.

Well we have been dancing around network 2.0 for years - let's fix that first

Raul is busy working on Internet 3.0 and his sports empire.

I imagine they are either getting ready for the car crash that will be the Q3 earnings call tomorrow, or making sure they have an escape plan in place from the burning wreckage that will be the Q3 earnings call.
Any self respecting analyst must surely ask about M2's sudden departure, but I've never seen a more spineless useless bunch of su-k ups as the analysts on the earnings call, outside of DXC leadership of course :)

Salivano's flunkies are still in charge. Mike continues to thrive within them. they'll sprinkle a little sugar on the very sour Q3 and Q4 performance with the generous layoff funds approved by the board. they're setting fire to a mountain of cash just to spruce up that EPS. with that they'll attempt to ride mike's wave for another quarter or two and after that they will be gone.

any chance of a turnaround depends entirely on snagging a private equity su---r. boardroom bunglers may have finally stumbled upon a clue on the M3 that may have a slim chance of doing just that but don't bet your farm on it.

the most probable scenario is M3 will fire sell those offering practices they're setting up and fleece the investors & employees just like Mike did.

Ok fellas, Here is the real story from a fly on the wall. Or lizard on the wall.

M2 was not able to fix it. Board room Kerfuffle. M2 lost his cool. ( Remember in the townhall when there were questions on salary hikes?). He was axed, he thought his high paid cronies will come up drinking "Brandy" and "DRUM" up support but no "FINCH"ing way. So he took his well planned retirement loot and ejected.

Now the rest of the inexperienced high paid cronies cannot take this company forward. 2nd rate guys. No big company will touch these guys with a ten foot pole. They are now going to Davos and all other vendor and partner events to build some relationship and eject and land somewhere.

It is pathetic that we are not winning anything and have zero relationship with big corporations. A handful of platinum accounts are barely making it, because of the sweat of the delivery guys.

We are a plane with missing bolts.

this is what happens when there is no succession plan - it clearly means Mikey 2 either got fired or had some other immediate "issue", DXC will drift until his replacement is appointed and even then there will be a pause while they get their head around what they have, need to do, and all the next level roles are filled or re-confirmed - so this could drift on for several months yet. Rest of management tree have nothing to do, will not be able - or willing - to make any decisions. DXC is dead in the water, probably for most of 2024.

Reckon Salvo left probably realised he couldn't turn it around and the pressure got to him, as it was sudden. The only other thing it could be was gross misconduct, maybe got caught in the act.

if he was pushed out then why would you put in Raul in who just a watcher by and the ship is sinking captainless at he moment.

Mikey did say he would leave Finchy to keep milking it well after he would be thrown out. So his legacy seems to live on, company losing $5million to Finchys retirement fund.

As for the rest of the managers they need to be changed out, time has proved the majority are in capable and pretty useless at expanding the company.

You really can’t blame lower managers as they are in the same boat as you and I. Until their are marching orders everyone is in the dark.

Why was Mike Salvino relieved f both the Chairman of the board and CEO so fast without a replacement lined up?

What is the real story ?