https://www.horsesforsources.com/not-even-god-can-save-dxc_122123/
5 replies (most recent on top)
A sell off is 100% on the cards.
I hope skilled delivery staff find something new, in a company which values then and the leadership and internal functions which allowed this to happen all rot
@2oye+1qe3HkMM spot on,to turn this ship around needs to replace Finchy, Drumogoole, other exa, and most of the old college mid managers who are past it and have no experience or skills in growth.
Salvinos sh-t performance was in a big way down to all this, employing cronies and 3rd raters. He wasn't interested in growing the company but how many years all his people could keep raiding it.
Luckily the robbery has come to an abrupt end and if the managers are replaced things should be quite straightforward, remember it's 0.5 the size of the company the incompetent Salvino took over so not a big challenge to grow it.
Looks like the last 4 years of Salvino's special turnaround operation has been one of utter disaster, draining out the remaining pot by keeping cronies in stock options and ShareHolders in Dividends. No investment and no staff rewards. Its all been white papers and talk. Just no substance. Lots of advances in AI, Cloud and AWS when Platform-x is still running on fossil fuel. I am glad I left yrs ago. Since then I've worked for better companies where they don't seem to have all these morale and pay problems. But then again, they're growing and have CEO or mechanisms that share the wealth with staff in one form or another.
I couldn't believe when ATOS offered DXC a lifeline of £10B. They actually saw worth in what was left. Obviously they felt they could make money from DXC, but they'd obviously have to replace all the Senior Management team, who had demonstrated by this time that, collectively, they couldn't run a Whelk stall let alone a global IT company. However, as we all know DXC turned them down and went onto to lose a third of the company for no financial gain, all by themselves.
If you think lack of funds, pay-rises, appreciation were bad before the company lost a third of its value, just think what it will be like working under the last 2 thirds going forward.
It can be difficult to turn a ship when its propped up in the salvage yard.
He is the man.
an extremely insightful website/blog