During the quarter, we repurchased $250 million of shares and paid $56 million in dividends. In total, we returned $306 million in capital to our shareholders. We have limited opportunities to repurchase more shares during the quarter because of... — read more
Topics regarding layoffs at DXC Technology
Insider trading Stock increase from 26.44 to 29.40 five days before earnings
Why sell that parts of the business that are profitable? That's not logical even considering DXC long term goals.... What they are doing is dumping the stuff that is not be profitable. They are talking up the value of these divisions as I type this... — read more
The sharks of wall street are getting in early to get a chunk of the remaining DXC carcass before the last recognisable HPE / EDS / CSC elements are cut adrift .. A nice earner for those at the top of the tree.. What now for the real people... — read more
DXC's favourite news outlet's analysis of the earnings: https://www.theregister.co.uk/2019/11/12/dxc_q2/
Now this includes $0.10 of benefit from the interest portion of the HPE arbitration award and a $0.04 of expense related to payments made to Mike Lawrie in connection with his retirement.
Sounds to me that Mike and Paul told Wall Street that "strategic alternatives" are in play. Code wording for sale of these businesses or exit. Layoffs looming!! Very poor results for DXC Q2. Stock will drop. What do you think?
currently down more than 16%
Listen to the call today and reply!
you think there's not insider trading watch the news is going to be good on Tuesday 8500 layoffs 12 data centers closed
Another highly successful, niche company with a great culture gets acquired by DXC to be f—ed up and ruined by this time next year. The owners of these companies need to consider their employees over their own pockets. If you are going to sell out... — read more
Any questions? Look at stock What happens on Tuesday
No one will miss him
So many disenchanted older workers who have suffered thru the decline. Assume many would leap at chance to get out.
It's not looking good for DXC in Australia. A major project has just gone bad in a big way. This is what happens when your layoff experienced staff and replace them with... — read more
I am ashamed and concerned that DXC has such a poor industry reputation. As a former HPE employee; should I just list HPE and explain how CSC and HPE merged to create DXC? What have you done and what success have you had in getting recruiters contact... — read more
Look stock up 5 days before earnings call Look layoffs 8509 Look data centers closed 12
Some of these tactics that managers use to screw over their employees may seem far-fetched but they are not only true but common practice at DXC. If they want to get rid of you one tatic commonly used by your manager is to chop up and edit by cutting... — read more
facts according yahoo finance ans sec publications
If you think you are a target for a layoff but have gotten great performance reviews I would be careful about what you say during any 1-1 meeting with your manager or colleagues. I had several meetings with my manager over the last several weeks... — read more
It would seem from his background that preparation for divesting with an eye for a higher multiple would be the be strategy at this point. The Board is certainly looking at options which sale is certainly one scenario. The question is one of... — read more
New global transformation leader hired by Sal. To summarise, his title and responsibilities are: EVP Focused on transforming delivery Bionix optimisation Are the above not all Sam wanted, or was supposed to be doing as CDO? What... — read more
Change my mind.
It’s been miserable and we understand. If you can’t find optimism in the change, can you pick a corner and hide there so those of us can help? You are dragging this down and the complaints are getting tiresome. No I am not an exec, or paid to write... — read more
Have you noticed the average trading volume of DXC stock lately. It usually averages about 5 million shares traded per day. Now it's averaging about 800K per day. That is a stunning drop and indicates the investing community no longer is interested... — read more
Read an interesting take on DXC stock performance and that was new CEO is purposely driving down price to enable a possible merger with Accenture? I have to admit it sure sounds like the best explanation I’ve heard yet. Right now investors are all... — read more
Only Govt/State contracts will remain, the rest of the money-losing US Commercial healthcare market contracts to be sold/spun off to some unsuspecting loser.
Will MS recruit anyone that hasn't worked at Accenture?
How many of these are hitting the Uk
I can confirm with 99% accuracy that there will be a number of layoffs in the US on 10/31. I know this because I work closely with HR and got word that I will be one of the individuals laid off. I am not trying to scare anyone and am not here to... — read more
DXC is scheduled to release it quarterly numbers at end of month. This will be the first time new CEO will be providing update with his soon to be terminated CFO. We should all listen in to hear the tone in addition to the facts. How bad do you think... — read more
Heard the numbers are very poor.
New CEO is not happy about DXC Insurance management leadership. Layoffs in motion for leadership and those employees tied to the DXC insurance vertical. This vertical was an important segment for CSC back in the day but hearing it’s not profitable... — read more
So last Friday was my last day (good riddance) - all my access was cut over the weekend, but I have no way to confirm my pay for last week, and haven't heard anything about returning my laptop. I think previous people got FedEx boxes to send, but if... — read more
USA based...that is funny.....
What Happened ? HPES/CSC cut sales people until they couldn't sell HPES/CSC cut engineering people until they couldn't design or build. HPES/CSC cut delivery people until they couldn't deploy HPES/CSC cut operations people until they couldn't... — read more