For all of you that continue to be surprised at the WFRs, consider the following from the 3rd Quarter Earnings Call transcript (Feb 8, 2018).
"In this quarter we continue to re-balance our workforce. We reduced our labor base by an additional 3% in the quarter through a combination of automation, best shoring and pyramid correction. We also continue to re-balance our skill mix, including the addition of 5,300 new employees and the ongoing retraining of the existing workforce." (DXC CFO)
Key items to consider
*...rebalance the workforce (if you have the needed skillsets you can stay, if not... )
*reduced out labor force by an ADDITIONAL 3% in this quarter alone (That is quite a few people with more to come this quarter)
*automation (if your job or portion of your job can be done via automation it is not a matter of if but when)
*best shoring (that's code for not the USA. Puerto Rico is a start for contracts requiring US citizens. When you hear that DXC is opening shop in the Virgen islands, Guam or Somoa then run, not walk to the nearest US based exit.)
*pyramid correction (not sure what this means but using the word "pyramid" in the context of business is not good optics in my view)
*addition of 5,300 (good for them and their new job, but if their is a total reduction of an additional 3% and the goal is to reduce total headcount then I am seeing this a number of people let go for the new positions to be filed)
*ongoing training of the exisiting workforce (SABA was a first step to identifying those with the next generation skills they so desire.
More good stuff in the transcript. Read the whole thing to get the full context of Mike and Pauls responses to the analysts.