Topics regarding layoffs at DXC Technology

Topics regarding layoffs at DXC Technology

Is it true?

I was told by a little birdie that managers get a percentage of a bonus if they keep their salary overhead below their budget. Is it true? If so, I can understand why performance bonuses are non-existent. I can't see where they will be able to... — read more 

Crazy Why would you ramp up a 24X7 team now

At a time of shrinkage some bright spark has an idea of increasing a expensive UK 24X7 team. Such a early year 2000s idea, why would you recruit guys at current high market rates, give them a 35% extra shift allowance, make them do 12 hour non... — read more 

The clients are sick of it

The organisation has sleepwalked into doing things the most complicated way possible. And now it wonders why it can't make any money. It spends more time and thus money on paperwork and process than actually doing. The clients are sick of it. The... — read more 

Where Ole Where is McShouty

One would think that after the last shareholders call the CEO of the company would speak to the employees…but no, not this guy. It can’t even be bothered. Worse CEO ever.

Where the Networks pay raise

It's been over 2 years now I have been in DXC Networks and haven't had a raise. In AT&T we used to get raises plus a bonus every year. Where has our money gone? I'm working to rule until this money comes through I have had 15% pay cut so will be... — read more 

Depression

I'm so depressed. As I go to sleep, I sometimes see Mikey 2's grinning visage in my minds eye; you know the one posted years ago shortly after he was appointed CEO by Mikey 1. This is the smarmy picture I see in my head:-... — read more 

The path to growth or the End?

It's well known from the Mikes playbook the only path he knows to growth is to cut, that's the only thing Mikey is capable off. Until he goes the company is on a downhill path, his taken it from $26 billion to $13 billion in just under 4 years, on... — read more 

Everyone except DXC!!

Forget counter offers and pay rises!! we get no pay rises, no counters and real term cuts to pay. Im sure they said they were looking to retain and attract the top talent!! https://www.bbc.co.uk/news/business-66496216

Plans for cost cutting?!

How are they planning on cost cutting? I’ve seen some mentioning a travel ban, but I can’t see how that would make up for the loss of profits?

**HOT OFF THE PRESS!**

https://simplywall.st/stocks/us/software/nyse-dxc/dxc-technology/news/is-dxc-technology-nysedxc-using-too-much-debt/amp

Analyst who singly brought down Salvino

Zack Ajzenman on for Bryan Bergin. MAGNITUDE OF THIS GUIDANCE CUT? WHY DID YOU LIE TO US, I HAVE WORKED YOU OUT. "just kind of looking to dig further into what changed so quickly here in two and a half months just to cause the magnitude of this... — read more 

by
| 1930 views | | 10 replies (last August 14, 2023)
Post ID: @OP+1o4FawvI

WFRs coming soon in ITO - likely USA

Haha, the WFRs are right around the corner again. Did you think they had stopped? I'm having leaders ask underlings if we can move more work offshore or do without support personnel. I know it's disgusting, but I need more steak and a new yacht. I... — read more 

Are we in a growth phase or not

A few weeks ago we were told that the transformation has been completed and we are in pivot to growth from this year. All we still see are Managers implementing and talking cuts, they don't seem to be interested in growth. Is sieze the market... — read more 

His planned it not to give you a raise

The figures are manipulated to pay annual costs and the bonuses of the gang and other management in the first quarter. Thats why It always looks disastrous when they announce results in August and they can say to employees no raises for you. Yet they... — read more 

What happened to the OP buying shares at $30

Bet they had listened to the wisdom on this site. When will the SEC look at the hype. DBank have rated DXC all the way down. Can any find a good class action lawyer. Hats of the mikey2 and steakcutter2, drumgoogle and the rest of the patasites... — read more 

What happens going forward…?

Any predictions, info or insight? How can we make more cuts, how can the company lower its financial forecasts when they’re already making huge losses? WFR? More jobs to move Offshore? Another merger? A new CEO?

We're going to Milk it Dry

Hey su-kered gang I've got people imposting me on here now, they are quite accurate though, I laugh. Just to let you folks know myself and Mary are going to pound it together till the end, we're going to milk all the money dry, and leave it... — read more 

DXC - Retention payment

Considering the latest stock market moves going to be interesting if it’s actually paid out this month…

Mike - Soon be gone

I was pretty sure one year ago Mike will be history quite fast. But he's got another chance to turn arround things. Now with the latest numbers it looks like analysts and shareholders are thinking he has not used his chance well. Look at the... — read more 

by
| 1850 views | | 10 replies (last August 11, 2023)
Post ID: @OP+1nZKttFx

Can we get Carlos Ghosn to help turn around

How about we get Carlos Ghosn to turn around DXC? Carlos has lot of experience turning around car ( companies - aka Nissan and Renault)! He would come for lesser pay. We are 19$ share a pop, what is wrong in trying!

The share buyback cant happen

Mikey is only doing the buyback to prop up the share price so he cant benefit even more on his package. His paid upto $28 a buyback share which you can now buy for $18, losing $400million so far. The share price is going to fall further so no point... — read more 

Platform-X, the path breaking AI technology

As you might have heard this in the analysts call, we are making a mark in this area. Our customers are elated and this will bring in revenue and margins. Would be good to have all employees understand this leading edge offering and use it in the... — read more 

DXC are number 1 at something

We are officially the biggest loser on the stock exchange today, with a whopping 31.88% drop. Looks like the analysts weren't kidding when they said they didn't believe Mike anymore.

CEO for the Layoff

No leader can survive or deserve to survive a 30% share price fall in 24 hours can they ?

Mike's lost the dressing room( football analogy)

Mike is a bully. He alienates people as shown by him sacking leaders that don't agree with him. The workforce never see him. He has failed on every metric. His transformation plan is in the toilet. At what point do the board say enough is enough ... — read more 

The Revenue Decline Story

Legacy CSC was $16B when Mike Lawrie took over in 2012 In 5 years (by 2017) it came down to $8B or thereabouts, just halved. Then came the merger with HPES and DXC was born , with a total revenue of $26B or thereabouts. That has now come down to $14B... — read more 

Wow what a earnings call disaster

That was the worst performance call in 4 years. So much for "pivot to growth", what a lie. His Analysts mates were on holiday so the replacements actually asked decent direct questions after 4 years, which as usual Sally ducked and dived, lol still... — read more 

by
| 2840 views | | 17 replies (last August 6, 2023)
Post ID: @OP+1nURbFOv

Ive pulled it off again another year

Hey Su-kers Mike here Another year and another $20 million plus for me and few million for my Mary. You losers are getting a big fat zero, as usual this quarter I'll make it bad so you don't get a cent, in fact I will f you over even more by... — read more 

by
| 1230 views | | 4 replies (last August 2, 2023)
Post ID: @OP+1nUWvSGl

Poor Debt Management $750 pay raise

Debt is around $4 billion and costing $252 million per year ($63million in interest every quarter) working out at 6.5%. If they paid the $1billion of debt instead of share buy backs that would save $65 million, which would be the equivalent of $500... — read more 

It's Nearly August any news on Pay Raises

This is a joke, the last financial year ended 4 months ago and we still haven't heard anything. They have no problems doing new year appraisal events. What's Finchy doing, does she not have a calculator or Excel? Anybody heard anything?

Micky Needs to see Rolls Royce

Micky Salvino needs to take lessons from one of his Customer the Rolls Royce Account. The new CEO has been in for 2 Quarters and his turned things around, profits and cash flow surge, Whilst Micky has been in nearly 16 quarters (4 years and still... — read more 

Share Activity 25th July

Anyone else notice the small share price increase (~3%) and about double the average number of shares traded? (2 big peaks of around half a million shares) A week before the Q1 results are announced? Suspicious or just me?

Start a new thread - post a news comment, question or message:

: