Honestly, if this wasn’t so sad I would have had a good laugh. Some plan. Did Mike Lawrie really think people would buy this bull and that they would accept that failing income and sales were planed? I know the plan to make these massive cuts has been on for a while, but taking pride in massive layoffs, leadership abandoning ship, projects that are behind due to lack of manpower, and all of the chaos that has been created, that’s just sick.
https://www.theregister.co.uk/2018/11/07/dxc_q2_2018/
Don't you get it?
Its an asset strip.
Always was an asset strip.
Declining industry facing technology cliff edge in a post economic growth era.... what do you think the vultures wanted?
Why do you think they wholeheartedly supported his selection in the first place as CSC CEO, paid him so much money and never questioned why double down wasn't his strategy?
Everyone with any sense KNEW what was going to happen.
Its only employees that have suffered, maybe some clients too.... its certainly not Wall Street, they got what they wanted.
Look outside of DXC, see if its any different anywhere else post 2008.
Sure there are a couple of companies surging ahead to record high valuations, the rest? Not just IT either.
Arguably its a result of pre-2008 Wall Street strategies - the era of cheap money inflated many companies to ridiculous sizes that were just as unsustainable in the long term. Rapid growth to appease shareholders and lenders. Money appearing out of nowhere.
Had to pop sometime and flip to asset strip as the new wealth generator.
Too many people here don't understand the bigger business landscape and I don't mean IT business, I mean Wall Street.
Sure understanding it doesn't help you personally, us plebs are just passengers on a rollercoaster decided by "clever people" in expensive suits at hedge funds.