Thread regarding DXC Technology layoffs

A failed strategy

A failed strategy (reducing staff) that was clearly outlined to investors at the first DXC investor day is probably not cause for legal moaning.

Obviously any investor reading this page would have been more clued up to what the company wasn't saying with regard to the operational impact the cuts were having. On the other hand, I'm sure many just discounted that as the pain of a necessary restructure and that we are all just employees moaning.

The register article revealing a massive drop in revenue in between quarterly announcements maybe ok too, the only possible gnarly bit being where DXC responded by making an official statement via the SEC that everything was on target.... that bit may drop them in hot water.

Posted originally by @WQgu4Rg-eky on another thread

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| 2231 views | | 7 replies (last January 3, 2019) | Reply
Post ID: @OP+WQ8KM6V

7 replies (most recent on top)

WFR ML's HR typist GF will save even more money too.

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Post ID: @6hfh+WQ8KM6V

Latested DXC presentation by Mikey https://www.youtube.com/watch?v=veQQ95kbvUU

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Post ID: @2knw+WQ8KM6V

Enron, Nortel, Sears .... sound familiar ?

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Post ID: @1nsm+WQ8KM6V

DXC, the Sears of IT.

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Post ID: @1umf+WQ8KM6V

This video summarises Lawrie's cost cutting strategy over the years:

https://www.youtube.com/watch?v=x0Gjlg47mO4

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Post ID: @1cyn+WQ8KM6V

Mr. John Michael Lawrie Chairman, President & CEO Age: 65 Total Annual Compensation: $6.6M

Mr. Paul N. Saleh Executive VP & CFO Age: 61 Total Annual Compensation: $2.3M

Mr. James R. Smith Jr. Executive Vice President of Digital Transformation & Customer Advocacy Age: 51 Total Annual Compensation: $759.1K

Mr. William L. Deckelman Jr. Executive VP, General Counsel & Secretary Age: 60 Total Annual Compensation: $1.7M

WFR these 4 and the company will save a ton of money

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=263093

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Post ID: @dto+WQ8KM6V

Posted originally by @WQgu4Rg-eky on another thread Then why post it herte and start two threads for the same subject. This one of the reasons why DXC is so messed up, no one can stay on subject

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Post ID: @zfa+WQ8KM6V

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