Thread regarding DXC Technology layoffs

Please do your timeshits in time.

The company has alienated virtually every employee. The young and good have gone. The dross aren't worth having. The "I only need this a few more years" brigade are thinking maybe that only needs to be until Christmas. They hire in new people on market rate, but they cannot achieve much because the company has too many people working to undermine it's efforts in an attempt to get themselves a pay rise. Doing a good job didn't achieve what we want. Maybe being difficult and holding our skillset and knowledge to ransom will? Who cares if we keep these client, because if you cannot see a future, then that years salary via redundancy covers the fact we all plan on being out of here by next year anyway. Nobody knows what it is they can do to get a rise, so they sure as aren't doing much useful other than showing up in the mean time. The company is broken. It's been broken for years.

We are at the point, where we need to "Defend the Castle and prepare for a long siege."

We need to protect our anchor clients in insurance and beyond. This way we will have something of value that we can use to barter our way into our next phase. With key client relationships, DXC could be an attractive merger partner or takeover target.

So get ready. This is going to be a war of attrition as similar IT companies (looking at you, Kyndryl), fight for our clients while they reduce costs through AI and labor arbitrage.

@hdi+1udqou8Y just because DXC's revenue growth is negative doesnt mean the intrinsic value is 0. DXC still makes money and has a lot of assets. The SAP and Service Now BU's are growing, insurance is growing etc. The balance sheet is mediocre. Basically you have to calculate the liquidation value of the company. Also the $200 Million award from TCS is something like 5% of DXC's market capitalization. So I think that would explain some if the rise. It should be worth a little bit more than book value IMHO

I actually suspect that they're sandbagging on the revenue. They beat modestly in Q1 and we're about to go into a period where its cheaper to borrow money. If customers can borrow for less maybe more projects will make finacial sense and get the green light. As far as layoffs, the CFO said they expect to spend more cash in Q3/4 I wouldn't be surprised if some of that money is used for layoff expenses. Just a guess.

And yet somehow the share price has steadily risen over the past four or so months. DXC has always been and will always be a money loser. Who keeps bidding the share price of a revenue negative company higher?