Thread regarding DXC Technology layoffs

Every time the share price increases Mikey stands to gain lots of $$$$ as his options rise in value.

What's "going right" is that the company is hitting the numbers it forecast to Wall Street, which investors like, so the share price goes up.

However...the good numbers are partially to do with cost-cutting, which cannot continue forever, although in DXC's case we know it will continue for several years.

There's an old adage in business that you cannot cut your way to prosperity. DXC will ultimately discover this, although by then it may already be too late.

Shareprice has shot up by 5 dollars over night - now over $97 so something seems to be going right

i bet mikey's salary account is in the cloud too! let's erase it.

it'll be hilarious when mikey and dxc were accidentally erased in cloud! back to to stone age mikey!

We are pushing AWS cloud because you can't fight against it. AWS hosting is a fraction of the cost of placing your hardware in a CSC datacentre.

It doesn't take a genius to realise that.

All you can do once that bit is decided is to beg to be allowed to be the one who migrates your crap to AWS and then looks after the application once it is there.

Equivalent of having stopped selling and servicing cars and opened a carwash instead.

This is why IT services revenues are falling through the floor. Bttfcked by a frikkin bookseller.

Digitize isn't that what CSC has been doing for years. Every thing stored on a computer is digitized.

“Enterprises and public sector clients are facing increasing business pressures and regulatory changes that are accelerating the need for flexible, scalable cloud (OUT SOURCED) solutions,” said Dan Hushon,

Using the word Cloud is so stupid, nothing run's a a Cloud floating from location to location, it's running in some Data Center on Physical hardware.

With us pushing AWS, Azure –etc we are telling our customers that we DXC aren't the best Cloud service company. So why should anyone come to us, its a mystery to me

According to Motley scorecard Profit margins, for healthy companies, are supposed to be around 7%. DXC's is 0.8% and its EPS is -466.67%.

It also fails on Strength (share of market), Sales, EPS, Profit Margin Consistency, Aged Debt, Cash Equivalents, Long term Debt/Equity Ratio, Daily Dollar volume, price and income tax %. Sales fails but only because DXC is selling $11.5M and therefore there's no hidden gems left that could triple in value. Being a service company it has no assets other than experience and skills and if customers can receive that at lower cost and better service then fine. But having lost some big contracts, that doesn't seem to be the case right now.

Stock is overvalued. If it hits $100 per share before Jan, then the wheels will probably fall it off too!

OP forgot to mention the $46m our highly esteemed leader made from the merger

StandsWithAfist - I completely agree with you - but you forgot the word psychopath! this is the first thing that pops to my mind when I see him.

do not want to work for such kind of people!

I can't do Thursday, I've got an important all hands meeting which is so valuable that I can't miss it.

Am free Friday PM?

Can we do this via Skype as I can't get expenses to travel....

He's not the only pig in the trough. Hurd and Whitman were just as bad.

The only way to fix this is armed insurrection and a total reinstantiation of the world economic model. I'm free Thursday if you want to make a start.......

"At CEO level it's not really about the money "

That's not true is it. You continually hear that CEO's need to be paid competitive salaries in order to attract the best talent.

We must have absolutely the best CEO in the world ever then, because he is the most highly paid CEO in the Washington DC area....

Seriously, compare his take to that of a CEO of a company that actually makes and sells real stuff and who's share price is an accurate reflection of the worth of the company, not a house of cards.

OK, so how much SHOULD the CEO of DXC, which is still a large corporation with $25bn revenue and 170,000 employees, be paid? (Serious question).

At CEO level it's not really about the money (most already have more than they can spend in their lifetime), it is the power and influence that is more important.

That's blood money squeezed from the employees.

I'd love to say "hope you are reading this Mikey and that it means you get sleepless nights" but of course even if you are reading it it won't bother you because you actually need to have zero empathy to operate at this level of butth0le. You probably even think my description of you is something to be proud of.

Go buy yourself another watch, stick it on your ankle or something.

mikey is just lame bastard! digitize my arse!

That’s disgusting! And immoral.

How much does he need to be happy?! Selfish maniac!

Honestly, this is the worse CEO I’ve ever worked for.

I cannot bear to watch his speeches. You look at him and see how he tries to make the nonverbal communication work. How he wiggles and waves his hands.. It is all so incredibly artificial. Liar and a pretender. Even his virtual presence is making me sick. Such a dishonest selfish person, it hurts! Bleh!

all of that just to fire people? try hiring a 10 year old and he can do a better job than mikey!

so how does one right source ones manager ? or a CEO for that matter ?

everybody knows there is no shortage of profit, just the greed for more, by kicking everybody out before pay day.

I am! Altough, even if he would be gone, I would still not want to work for this company anymore!