Anyone investing in DXC is in a world of hurt. Don't trust the short term gains. Long term this stock is trash.
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All we can do as ex employees is be honest with future employers about what HPE/CSC/DXC is about from the perspective of a client that chooses to outsource with them.
Deliberately cultivated staff shortages, inappropriately skilled labour, staff without securkty clearances, an attitude of keeping just the right side of the red/amber border on SLAs to save money whilst risking the client's business are all valid criticisms. I for one don't see why a client should have to constantly mitigate risks caused by Whitman and Lawrie's attitude towards running the outsourced business.
If DXC ever darken my current employer's door I won't lie but I won't be recommending them that's for sure.
I fully agree with you. It’s a pity but complaining doesn’t bring you further. I’m from Europe but I feel the same way. The old spirit of entrepreneurs is very rare these days. I would not choose HP, CSC nor DXC as my employer again if I would have the choice. I would appreciate if it would be the future to decide in such big player companies with so many employees in a democratic way who is the leader of our company. I invest a big part of my life time in this company HP. The shareholder only money. So who should be more authorized to decide? But it is as it is and we can only learn from this situation. CEOs are usually not the one who have to pay the bill. Leo Apotheker was probably the best example in HP. All we can do now is safe our souls. Realize our situation and tell as much people as possible – explain what happens currently in our industry to warn them and to guide them. Maybe we will let Indians, Malaysians, Pakistani, do what we did yesterday. Let Meg, Mike, Virginia and all the other CEOs get happy with them. The day will come and they will realize that it was not a good way. Yesterday their new employees were knotting carpets – today they are IT experts. Good luck with the rest of our customers! Let`s look for the future and let’s try to make the best now. Take everything with you what you are allowed by law. Money, time, knowledge. Learn for the future, look out for the green grass where life and profession will be probably more successful und satisfying. I’m sure we are wanted.
Hell all of HP/HPE/CSC/DXC management is in it for share holder value. Really, the old HP Way of caring about the employee is long dead, Hurd killed it, Meg cemented it into the fabric of HPE/HPI, CSC's Lawrie seems to run in the same class as them as well. So DXC's practices and policies will no doubt be of that nature. Funny how the US work is the expensive option, yet without people in the US actually buying product, companies have no reason to exist. I guess when you are an Exec you only think about YOUR stock options and YOUR pay and YOUR title. Screw the regular worker, who actually does the work and brings in the money to give YOU that paycheck Mr./Ms. Executive. Execs of real companies do seem to think about the employee, these shell game, stock propping, scheme companies only do things to please Wall St. and the Execs Options. DXC employees (primarily in the US) are, no doubt, screwed.
I love the way when you Google search for "DXC" - this page is the 3rd web site listed! And the second one is an unfavourable article from TheRegister.co.uk.
Investors aren't interested in long term stocks... they make their money in the short term, overvaluing the price, and before it crashes, they sell it off to Pension Funds to give the middle class one last middle finger to wrap up the gutting of a company. DXC, HP, and HPE will be no different. Meg Whitman's only talent as CEO is her ability to keep re-arranging the deck chairs to keep the con game rolling as long as possible.
If it wasn't for the SEC keeping their hands in things until November 2017, HP and HPE would have been gone already and the DXC charade wouldn't have even happened. DXC was created out of the synergies of HPE and CSC both needing to prop up stock prices; it is nothing but a delaying tactic. I'd be surprised if it is even still around in 2 years.
Dxc stock upgraded to a BUY, target $87. Those vultures are loving the prospect of the slaughter. Don't be fooled into thinking this is good for employees. It's your corpses fuelling the feeding frenzy.
Sadly nowadays most hedge funds and professional investors are in-and-out of stocks as the wind blows. Precious few of them care about the long-term prospects of companies any more. That is precisely what is driving Lawrie's never ending slash-and-burn campaign. Gotta make the quarter.