Thread regarding DXC Technology layoffs

They just bought 13K offshore heads in the Luxsoft merger, and immediately axed their entire US engineering team with zero knowledge transfer. That's some solid operational excellence there.

Mike & his "leadership" team of keystone cops couldn't lead themselves out of a paper bag. They care absolutely nothing for how their company actually operates, and it shows. IT & HR are a joke in their outsourced silos like everything else in the place. Complete mo--ns.

It makes perfect sense in a carousel model IE any scheme that has a sole purpose of double counting a transaction!

Carousel fraud is normally associated with VAT or import TAX fraud through double counting and claiming relief! By laying off people the company gets a tax relief associated to short term redundancy charges. The $$$ saved on the tax bill is pumped into the grad recruitment drive, the longer term cost saving keeps a margin alive as revenue falls away. Kick the can down the road...

Late(90 days)/None payment of suppliers, registering deals early in Salesforce, gives a mirage of cashflow and inflates book to bill ratios! Kicking that can again...

It is all a scarily similar to how other businesses give an illusion of health before sudden death!

If none of the above is true, why can nobody pontificate, explain the plan and shut us all up?

His own prosperity but not others.

@tby I thinks it's incompetence and naivety rather than sabotage. Lawrie doesn't know how to grow the business BUT he still has to keep his promises to the Street. So he's pretending that he's making the numbers by more and more extreme cost-cutting. And it works...for a while, but trying to do it medium term never ends well.

There an old adage in business "you cannot cut your way to prosperity", but Lawrie is certainly trying.

DXC is sabotaging their own selves and taking everyone down with them. There's no other explanation for the incompetence and short sightedness they display on a daily basis.