Thread regarding DXC Technology layoffs

Pretty much all of the shareholders aren't about long term investment, its all about pump and dump.

Read any of the quarterly post-numbers analyst calls, there are so many questions they NEVER ask - not least of which that in GAAP terms the numbers continually s---, but they only ever talk non-GAAP (basically an accountancy term for "fantasy").

Its a case of the Emperors New Clothes, nobody wants to damage their client's investment portfolios by saying the screaming obvious.

A few financial blips is a correctable problem, but 5 years of Lawrie's reign being a downward progression with nothing he does picking up the revenue, despite dozens of different "latest ideas" that last only a quarter before its the next "new thing" that's going to save CSC? Couple that with all of the competition in exactly the same boat?

I'm no Warren Buffett but its so obvious. Keep riding the wave, palm the shares onto some s---er when they finally tank.

Amazing how the Stock Analysts aren't alerting buyers to the fact that this company has been in a death spiral, even after Lawrie took over. He and his cronies are s---ing as much money as they can out of the shell, before they also jump ship.

@M4Xumpb-2sjt they didn't SAY anything but essentially there are only two obvious cost savings you could make - cut staff and close sites.

I agree it will be a combination of those two things, but the bulk will be staff cuts because those are where you save the most money by a long old shot.

Any payoffs needed are lumped under "one off special restructuring charges" on the accounts, so in the non-GAAP numbers (non-GAAP being a term meaning "fantasy accounting") the savings will be realised in FY18.

I don't think they said the $1.5B will all be savings via WFR. Believe it was only a fraction.

And since we no longer accrue vacation time, when you get axed you'll have all of those virtual accrued hours lost

Hang it up just live at a bare minimum and let all the other little dumplins work.

The magic goal is revenue with zero costs. Customers happily paying lots of money and getting no service from zero employees. Maximum profit!

Sounds about right, 15k heads plus a few dozen sites shut down.

150k employees April 2017, so that's 10% reduction in FY18 - roughly in line with a 10% revenue fall.

Then another 10k heads in FY19 for the second $1bn, which is roughly the amount I'd guess they have projected for the FY19 revenue shrinkage.

I'm personally guessing that ideologically, 100k employees is the magic goal.