That money they are saving by closing site and firing people...

...its not for any reason like avoiding bankruptcy or (god forbid) investment in the future.

No, its to be flushed down the toilet like all those billions Lawrie flushed of CSC's:

http://finance.yahoo.com/news/dxc-technology-board-directors-announces-203000165.html

$2bn of share buybacks, targeting 30% return of capital...

If you ever needed one article to persuade you that this is not a functioning IT business but a Ponzi scheme, its this.

This is why you employees are worthless, because you actually really don't matter one jot. DXC just needs to look like its an IT company while its being hollowed out, not actually be able to be one.

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The point is AnEmployee...you have a job at present, but just wait a few weeks and we'll see how you feel then?

Ponzi? Feels more like "pump and dump".

Buybacks at $70/share rather than investing it in R&D or anything else. Considering the earning, how long will it take for this strategy to 'payoff'?

For those with stock options, the short term spike from a buyback will definitely be beneficial. For the company overall, about 200 years.

"This is why you employees are worthless"

Why?

I am an CSC Employee, I have an interesting job and a good salary.

I don't care what the top management does, and I accept they don't care about me as well. :)

Thread regarding DXC Technology layoffs

That money they are saving by closing site and firing people...

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