Thread regarding DXC Technology layoffs

Everyone has worked out the greed at the top

This is so rinse and repeat its unbelievable,
"DXC has been in a transition for multiple years and despite the best efforts of multiple leaders, one has to ask the question as to if this business can be fixed," analysts at RBC Capital Markets wrote in a client note.

"New management is undertaking yet again another restructuring to streamline the business, which suggests that FY25 will be another transition year."

The latest restructuring will cost an additional $250 million in fiscal 2025 and aimed to cut back on excess capacity in its legacy business, finance chief Robert Del Bene said in a post-earnings call.

Bene assumed the role after Ken Sharp departed in September. In December, Raul Fernandez took charge as chief executive after Mike Salvino stepped down.

by What a joke of a company
| 1211 views | | 4 replies (last May 19, 2024) | Reply
Post ID: @OP+1szldFqK
Comment! It's anonymous!

4 replies (most recent on top)

We need a new board and CEO. Rauuulll and this board are as much to blame as Mike. He needs to go and has already proven to be as bad and out of touch. It’s sad because there are good leaders up and down the company at all levels.

by Anonymous
| | Reply
Post ID: @2swx+1szldFqK

Dxc focus on how and what they can cut, and give no raises, kyndryl focus on growth turnaround send paying employees. DXC stock price collapsed, Kyndrl stock price up 300% in a year. Raul has no ideas his still copying Salvinos playbook and it shows his 2 rate VPs are in capable of growth.

Kyndryl
“We had another very good quarter with very strong results,” CEO Martin Schroeter said in an interview with Barron’s. “We continue to prove we can execute on the strategy we laid out a few years ago.”

Schroeter noted that the company signed $3.7 billion in new business in the quarter, up 16% from a year earlier.

The Kyndryl CEO also said the company has continued to make progress in shedding zero-profit or negative-margin businesses left over from when the business was still part of IBM. Over the last year, the company has shed $1 billion in revenue, while adding $360 million in profit, he said. The company has done that without any major changes in the size of its workforce, which remains north of 80,000.

by Anonymous
| | Reply
Post ID: @1ddf+1szldFqK

Sir, Saliva No - can you please come back to save this company? We need strong and futuristic leaders like you.

Please feel free to hire another finchy, if you would like.

by Anonymous
| | Reply
Post ID: @1rsm+1szldFqK

Hey Gang Mike here

Im laughing my head off, Fernandez is using my playbook. The guy is stealing all my ideas. When I came in I said I would remove bureaucracy (remember bureaucracy busters) and layers of management, process, and get people closer to clients. The cheeky bu---r is stealing all my exact ideas.

He pulled the same stunt on the quarter loading it with costs like I used to every year not to give them raises.

His installed cronies like I did, I'm surprised his still kept my lot, except for Finchy who has her extra enjoyment uses.

His been there 6 months already, dine nothing so far, will do a restructuring for the next 12 months and then buy another 18 months with excuses, by then everyone will have worked out his useless, unless Bryan Bergen remains sharp and gets to him before that.

Im fuming his not even acknowledging the use of my playbook that's how bad he is. And the share price nearly heading to 0.

by Mj Salvino
| | Reply
Post ID: @qlp+1szldFqK

Post a reply

: