CDW reported Q2 2026 net income of $274 million, while carrying a substantial debt load of $5.82 billion. Areas to watch: leverage, cash & credit rating. CDW's debt increase continues to balloon, with cash flow dropping from $443M to $220M.
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@1ah who cares about other companies, worry about where you are now. All the SVP started rolling in under CL. I don't disagree with you on that, but we all know since we had CL as our CEO moral and everything else disappeared. Read in between in lines, they think the SVP will generate more revenue.
@1rb which specific aspects of the services team. thats a pretty big group if im not mistaken.
@1r7 I have also heard the same thing. This RIF will primarily hit the services team because of lack of clients signing.
@1pk how sure are you of this? Source?
In the next two weeks.
@1m6
The roles they moved into should give them more influence and power to change things for the better ...
But instead...those promotions provide their superiors more control and power over them so they can't be powerful change agents. Basically they are silenced in exchange for title and money.
My VP...one of the best in the decades I was there...was "forced" out due to trying to stick up for sellers.
Leadership now wants everyone to just ignore everything they see going wrong and just go with the flow and they feel like you should be happy to still be around and have a job all due to them being good leaders.
All BS. The focus is being taken off what built CDW...box pushing (as another person posted) and is being shifted to services and Ai. Instead of adding services and Ai...they ate basically harming the box pushing side of the business and wonder why customers are complaining and tenured AM' and now directors and VP's are leaving. Guess that makes future layoffs easier though so win win for CL and team but lose lose lose for everyone else.
My challenge is that I had an amazing Sales Director for years and then he got promoted so we lost him! He went on customer visits with us all the time, hosted great in-market events that our customers loved, communicated regularly, fought for what we asked for, ran contests, etc. He was a good dude and cared a lot. So, he was promoted.
The next guy was fine after that but not the same and then the woman after him was terrible and is terrible. So, some of the best ones are still here but there are not enough of them and they are not all in the roles we need them in!
More layoffs are incoming, guaranteed…
@1d4
Few and far between and not enough.
The leaders left are mostly the scrubs that are stuck due to financial circumstances or they think if they stay long enough, they'll become directors and VP's.
I'd say a handful, if that, are decent.
My director, before I quit after 20+ years, was one of the worst directors and human beings I've had to direct to in my time at CDW. He's still there.
Would love to see our executives volunteer for pay cuts until performance improves.
I know a few great Directors and VPs still here. They care and still live the old "CDW Way". I don't want to group everyone together just because of what has happened to CDW and our awful current direction. There are people out there still fighting for us, trying to make our work lives easier and still trying to make CDW a great place.
Most of the good ones have already left.
4th quarter. They have to reduce expense to make up for the disaster GTM. Nice job Liz and team, she need to sell and 3 million in options
Top 5 is not excessive compared to other companies our size and is not our challenge. It is what comes right below that. The sheer volume of SVPs we have brought in from the outside is ridiculous. When you hire externally, you always pay more. The combined comp of all the SVPs in the company likely exceeds that $36M number. Why do we need all these external "Super Duper Senior Leaders" when we have 5 different consultants in here telling us what to do (and charging a lot for it). Also, what message does it send to your internal and home-grown leaders. They good ones will leave as it is clear we don't value internal talent.
The top 5 executives salaries combined is $36 million. Layoffs to departments to outsource because its cheaper, layoffs to general staff yearly. CPQ slows down everyone, and CDW buys a AI company for $500 million. And debt grows! Someone needs to learn how to budget!
Well well well.... What can possibly come from this? More layoffs and changes are still happening. They are just not telling you. Either way, there will be another surprise soon. It is only a matter of time.