DXC hit with sueball over layoff steamroller's share price dip

www.theregister.co.uk | 1/2/2019 | Staff
malik778malik778 (Posted by) Level 3
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El Reg's revelations of layoffs at DXC Technologies over the last year were mentioned as US lawyers attempt to launch a class-action lawsuit against the slash-happy tech biz.

US law firm Robbins Geller has been looking for a lead plaintiff in a class-action suit it wants to bring against DXC, which was formed out of a merger between CSC and HP Enterprise's former enterprise services business.

December - Filing - Eastern - District - Virginia

In a 27 December filing in the Eastern District of Virginia, the lawyers alleged that DXC and its top execs "failed to disclose that the Company had changed or planned to change the operations of its sales teams", having replaced some of its specialist salesmen with jacks-of-all-trades.

The complaint pointed to revelations in an earnings call following the release of the firm's Q2 '19 results on 6 November last year, where CEO Mike Lawrie spoke of a move to a more "general" sales model in the US for two quarters, following which a move was made back to the specialist model.

October - Karan - Puri - Chief - DXC

Back in October we exclusively revealed that Karan Puri, chief of DXC's Americas operation, had been invited to walk the plank after spending just 10 months working for the company. Insiders told...
(Excerpt) Read more at: www.theregister.co.uk
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