The layoffs will continue over the next three years; this was published in a slightly roundabout way in the April Investor Day presentation slides; $400m in cost savings in 'Workforce Optimisation' in Year 1, $1,100m savings by Year 3, so they are planning $700m in costs savings for Workforce Optimisation in 2018 and 2019.
Posted by @OMl8u97-1owm, bumped for good observation that, frankly, has me panicking right now.
20,000 in India. Wait, what!?
Oops, sorry - we didn't mean to recruit in India over the past 5 yrs; we've changed our minds now, sorry about that. Will you tell the Indian Govt that we're sorry? You see, we went into partnership with PcW and others and they've already got all of the C-level digital skills we need, so that saves us lots of money on unnecessary re-training. Plus, we've got another $50m 'of cost-savings' to be made by 'moving resources out of the (US) country'
But don't worry we'll keep a low-cost center in the US - Pontiac, mitchegen, so that we don't get into any political trouble...it's a bit of sensitive area that at the moment.
Barclays: "I'm going to reiterate a question I get from a lot of investors...how you are incentivized over the next couple years and then your plans with the Company the next couple years? "
Mike: '...In terms of how I'm compensated, that's all publicly disclosable but it is very similar to the way I have been incentivized over the last five years. And I see another great value creation opportunity here and want to see that value creation opportunity through its conclusion."
Is it me or are the only people left who are still 'thrilled' and 'excited' with all these synergies and potential 4% growth are the 6 named participants on the investment report?
India townhall says 20,000 people will be let go in the next 8 months
From their public website.
Presentation
https://assets1.dxc.technology/investor_relations/downloads/DXC_InvestorDay2017.pdf
Transcript
https://assets1.dxc.technology/investor_relations/downloads/DXC_Investor_Day_Transcript_2017_03_29.pdf
Read the transcript, it will be sobering.