They can't sell anything. New CEO is clueless, listen to his conference calls, along with the cronies he brought in. Company is toast, breakup is only real route here.
13 replies (most recent on top)
Above a certain layer of management the 'new' PPTX edit is seen as a game changer! Analagous to the 'Iridium line' supposedly, laid down after the asteroid that wiped out the dinosaurs hit! Below that line there is much evidence of active life, above there is little evidence - for a very long time!
This CEO and his entire leadership team always say only those who have customer-facing tasks are going to stay with this company in order to reduce overhead costs. Apparently, nobody has installed a big mirror in one of these board meetings.
The minute I joined my team I (and virtually 98% of the rest of the company) became more valuable to the company and delivered value, even when I actually wasn't assigned to a client-project but picked up responsibilities "behind the scenes" to keep running the show than these f—ups down the management line who only know excel but don't have an interest in understanding the business of the company.
No, the biggest overhead costs are not employees who don't have "customer-facing jobs" but those jagoffs in the board meeting rooms who keep annoying all of us with e-mails with nonsensical buzzwords or stupid decisions that make things worse - guess that's what they actually mean with "new DXC"?
What happened to the much vaunted Salvino "play book".
He spent a lot of time shouting about that.
Or was that just yet another hollow buzz word? (rhetorical question...)
If all the Accenture deadwood is coming to DXC to leech a quick buck, thoroughly exploiting the people who actually understand technology (and not just buzzword gaslighting about stacks, book-to-bill etc) , perhaps Accenture is the company that is actually transforming in a positive way!
We all know this is a sh*t company and we stay because the job market just isn't there. I would retire but with COVID there is nothing to do, nowhere to travel. So i keep working and collecting my salary and health insurance. I put away as much as I can in the the DXC MAP 401K as well.
i need two and half years more of this sh*t hole and i am retire
There is a strategy , load up with managers and dead wood ex Accenture execs leading it with overheads and tell them it's going to take time to change things.
Split off parts of the company to prolonge its demise.
Do lots of spin to try and fool staff and shareholders that a stack is something brilliant.
Will take a few years to work out by then $$$$$$ millions are made by the ex Accenture crew.
Best thing to spot is that revenue is in decline, if his worth anything he should prove himself by increasing revenue.
Sell the stack...DXC cant even sell W&M and the BPS units
It’s so obvious the plan is selling one stack at a time.
Yep Sal's had a year to make changes for the best but he's hasn't delivered and probably just selling more splinters of the company, boosting share price and reducing debt short term. He can sit on his behind, collect his big pay check and then when he leaves walk off with big pay cheque, bonus and share options; no need for Sal to work again in his life.
Any idea how the DXC breakup will be happening?
GBS vs. GIS?
Platinium accounts vs. all the other customers?
Blue part of the stack vs. the other colours?
What is worrying is that virtually every former Accenture executive has spend 2 or 3 decades at Accenture, lacking proper work experience from working at multiple companies.
They most likely have this "if it works at Accenture, it will work at DXC" mentality, which is the equivalent of saying one size fits all. We already hear about the results of this in Town Halls: profits are declining instead of improving, and the executives have no idea what to do about it but force rules onto its employees.
We're all waiting for the trigger event, It will come. You only have to look at how some parts of DXC forecast and recognise Rev. Sales are being asked to pad the pipeline to disguise the true picture, many are being bullied into it. It seems to be more important to prop up KPIs for bonuses and exec job security than have a true picture.
Agreed, and know you're preaching to the choir.
Most people posting on this site accept the company is doomed, and are waiting for a trigger event to precipitate said demise. Wall Street can be fickle, but in the limit investors will realize the barrel is empty and look elsewhere - see https://walletinvestor.com/stock-forecast/dxc-stock-prediction
Recent Accenture cronies will just accelerate that process.