Thread regarding DXC Technology layoffs

Best shoring?? You need three times the number of staff (cheap ones at that) and they need scripts to carry out the most basic of tasks.

If the company was managed by true leaders, they would take a modest Salary but have a bonus based on results and not failures. (How many EU CEOs get paid $23mil - not many, if any!

As for the $800m-$1bn they use for share buy backs each year (Its a false economy propping up the share price and then claiming we made no profit. I doubt the IRS are that thick)

Then there's the lame DXC advertising with the likes of Manchester United (Who are they - more people have heard of Accrington Stanley) and Ferrari 5th and 7th places - Not a great choice! Should have stopped sponsorship to provide staff with a pay rise - that would have generated better press coverage.

Feeding the goose - no way. Goose will be roasted.

Goose meat is an excellent source of riboflavin and vitamin B-6. These vitamins help our bodies use energy from foods. B vitamins are important for growth and healthy skin, hair, nerves and muscles. Goose meat is an excellent source of iron - more than beef, pork or chicken.

Best Shoting would mean bring Jibs back to the US where employees can think on their own without a script. Where people can actually get to the root cause of a problem and fix it so it doesn’t happen thousands of time over. and over to make it look like they are doing good by closing tickets

If you took $200m and split it even across the employees the result is inconsequential, sub inflation and likely to cause even more offence.

The trouble is that after all these years of giving nothing the price to fix the problem is so high that it's never going to be possible short of the company really, really picking up.

They've got themselves into a death spiral and there's no way out.

The only way out is to break it up and sell it off but even that is very hard at the moment... See Atos and the mess they are in if you want to know what I mean.

So they've got to bump along until the market picks up. Probably two to five years...

But in the meantime we aren't getting anything and your best option is find another job or retire.

All we can do is get Biden to pardon the turkey!

I agree it's not doing much except boost eps... Funnily enough eps is the metric used to trigger exec bonuses...

Does take $800 million to pay staff, they could use $200 million on staff and give the rest to the shareholders. The bent VPs are already taking thier money and bonuses for delivering nothing for the past 4 years.

In fact they shouldn't be doing the share buy backs, they should allow the share price to fall to its natural level $15 per share abd then do the buyback, that way they could do it for $500 million instead of $800 million. The last 3 years of buybacks have shown no positive share price increases, just kept the price from falling low, another Salvino gang dodgy financial tweak to suit the gang.

that $800m-$1bn free cash flow they keep spunking on share buy backs each year.... that's your pay rises.

If they used that money on regular employee pay they'd have literally no good news to tell Wall Street at all.

All of us are basically paying for DXC to be "viable" - although at knocking around $20 a share its barely viable.

In better times DXC would have been bought up but these aren't better times.