Hewlitt Packard is just about done and most of the
large IT providers are in trouble.
They're borrowing money to stay afloat but big changes are on the horizon. (Including the India based ones)
The bigger ones are already at three times the dept to income ratio. Low interest loans and fiddling the books makes this normal.
We're talking many billions in debt. They better hope the economy doesn't tank anytime soon.
CSC merged with HPE to form DXC... 2 years after the merger DXC just recently announced that they will spin off 3 of their 5 businesses.
What that essentially means is that the merger failed. FYI: About 80% or large scale mergers fail.
https://www.channele2e.com/news/dxc-seeks-to-sell-three-businesses/
They ****ered themselves when the large scale IT service providers started to off shore work.
Anybody with half a brain knew what would happen but the executives pushed it anyway.
It seems the long term interest of a company isn't their number one priority.
What does this mean for the people that work for them?
Virtually no job security and poor workplace moral & it's only going to get worse.
Disruption isn't always a bad thing. If you're talented and have a good reputation you should land on your feet.