Thread regarding DXC Technology layoffs

From the horses' mouth. Slide deck from the DXC Investor Day presentation. Nothing that has been talked about here should be a surprise to anyone paying attention. But here at least you have the facts some have been referring to.

http://assets1.dxc.technology/investor_relations/downloads/20181108_Investor_day_vFinal_print.pdf

Two applicable phrases to look for in the presentation...

*Workforce Optimization

*Facilities Rationalization

Have to say I thought Mikey was on the back foot during that yesterday.

He was on the back foot from the moment he stepped onto the stage and the questions continually battered him.

Previously he's always been confident and they've believed him.

I think the bubble has finally burst.

I wish there was a replay available of the thing... I also haven't seen the slides being made available either.

Oh and the one thing that sticks in my mind is the look on the a-hole's face when he talked about senior leadership departures. He said something like "we haven't lost anyone we didn't want to lose" adding something like the departed guys had been "passive aggressive" and he doesn't stand for that. It was just the facial expression as he said all of this. It was quite poor.

More spin and pie-in-the-sky strategic waffle alas.

Gig econonomy --> a labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs.

Digital I don't know what the f-- this means. Computers have been digital since they were invented.

Cloud nothing run's in the cloud it's hosted somewhere on a physical machine.

What in the world is a Gig economy? Never heard so many buzzwords as I have with DXC. Here's an acronym for them:. BS!!

I keep hoping they'll sell our segment of the business to a company that knows what the he!! they're doing. Been in IT 40 years and DXC is one Hot Mess!!!

Gig economy for IT contractors? yeh that will work!

I lost count of the number of times a speaker apologised for "not quite" meeting targets.

Mikey looked a bit dishevelled, maybe the stress from shareholders is getting to him.

Execs seemed convinced that graduates can walk into and perform in an IT outsourcing environment.

I bet at least one of those execs wont be at the next Investor Day.

Bionics? most people know its smoke and mirrors and powerpoint presentations.

Samson says all his staff are happy and productive - obviously not had much contact with UK and US staff which constitute a fair proportion of DXC.

More job cuts but we all knew that.

Over $1 million spent on training last year - great, thats about $10 each - sure gonna learn a lot with that.

It was said that DXC is hiring for Process automation / AWS and Azure, Service Now ( so called "Digital") and reducing it's work force on legacy offerings.

No one asked how DXC expects to support current customers that use the legacy offerings. Why are we still selling legacy offerings if that is not our business model anymore.

Sadly @W2COWJq-niy, I believe you are correct as a slide showed the following...

Workforce Optimization

Continue reducing cost per FTE through migration to low-cost locations

Further rebalance labor pyramid

~$560M (expected savings)

okay presentation in terms of talk - 2019 is the key year to turn things round and to deliver or fail.

Of course they are going to fail, because DXC leaders can't even transform the internal processes and procedures.

Since I am on-shore I assume I won't be employed by DXC on April 1, 2020 . DXC will be broken apart and sold

I agree with the prior post. Listening to this Investors reminders me of a Time-share sales person. Talks and talks and says actually nothing.

Then he says cross-skill , that's bull also. They are outsourcing, contracting people while they reduce head count on the payroll.

I am so sick of people say digital or even Cloud. Computers have been digital since the beginning. Nothing runs in the Cloud, it all is hosted somewhere.

Maybe DXC should be client zero for Platform DXC, Hell we can't do it internally how the hell would a client trust anything we say about it.

This presentation should give us some insight from the horses mouth, where the company intends to go over the next few years... We should also get some sort of "report card" on how Micky thinks DXC has fared since the last Investors Day.