Infosys shares drop to 10-month low as whistle-blowers target CEO
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Re: Infosys shares drop to 10-month low as whistle-blowers target CEO
#2> The allegations “could severely damage the company’s pristine brand if true, especially in the IT services industry,” Bloomberg Intelligence analyst Anurag Rana wrote
Bloomberg must have a different definition of "pristine brand" than a lot of programmers I have met.
Re: Infosys shares drop to 10-month low as whistle-blowers target CEO
#3> The allegations “could severely damage the company’s pristine brand if true, especially in the IT services industry,” Bloomberg Intelligence analyst Anurag Rana wrote Bloomberg must have a different definition of "pristine brand" than a lot of programmers I have met.
It is very profitable as a company and brand, keeping other concerns aside.
Re: Infosys shares drop to 10-month low as whistle-blowers target CEO
#4> The allegations “could severely damage the company’s pristine brand if true, especially in the IT services industry,” Bloomberg Intelligence analyst Anurag Rana wrote Bloomberg must have a different definition of "pristine brand" than a lot of programmers I have met.
It is very profitable as a company and brand, keeping other concerns aside.
Maybe. But profitability does not imply "pristine".
Re: Infosys shares drop to 10-month low as whistle-blowers target CEO
#5> The allegations “could severely damage the company’s pristine brand if true, especially in the IT services industry,” Bloomberg Intelligence analyst Anurag Rana wrote Bloomberg must have a different definition of "pristine brand" than a lot of programmers I have met.
It is very profitable as a company and brand, keeping other concerns aside.
Brands aren't determined by how much wall street loves the firm, but by how much customers like the firm. In the actual industry it's in -- that of H1B visa mills -- it doesn't have a particularly good reputation for producing good code. It also has been plagued by scandals in India, and has a poor reputation in the eyes of immigration authorities as well.
Re: Infosys shares drop to 10-month low as whistle-blowers target CEO
#6Earlier quoted context omitted.
It is very profitable as a company and brand, keeping other concerns aside.
Brands aren't determined by how much wall street loves the firm, but by how much customers like the firm. In the actual industry it's in -- that of H1B visa mills -- it doesn't have a particularly good reputation for producing good code. It also has been plagued by scandals in India, and has a poor reputation in the eyes of immigration authorities as well.
Who are the most highly regarded of the firms in Infosys's field?
I realize that might sound sarcastic, but I mean it sincerely. I have little experience with that world, but I wasn't aware there was a hierarchy of brands in the offshore consulting firm space. Now I'm curious
Re: Infosys shares drop to 10-month low as whistle-blowers target CEO
#7Infosys and TCS remind me of Uber and Lyft: business models based on magical thinking-rooted exploitation. Engineers need to form their own worker-owned consultancy co-ops and eschew corporations to capture more of the wealth they generate for themselves rather than as underpaid servants of said large corporations.
Re: Infosys shares drop to 10-month low as whistle-blowers target CEO
#8Earlier quoted context omitted.
Brands aren't determined by how much wall street loves the firm, but by how much customers like the firm. In the actual industry it's in -- that of H1B visa mills -- it doesn't have a particularly good reputation for producing good code. It also has been plagued by scandals in India, and has a poor reputation in the eyes of immigration authorities as well.
Who are the most highly regarded of the firms in Infosys's field? I realize that might sound sarcastic, but I mean it sincerely. I have little experience with that world, but I wasn't aware there was a hierarchy of brands in the offshore consulting firm space. Now I'm curious
None of the big firms are well respected. The problem here is that if you are outsourcing software development, then you view it as a cost to be minimized rather than as something you care about. That means most of your projects are not interesting to work on, so these firms tend to have big turnover problems with talented staff. A lot of their work is keeping products alive in maintenance mode, for example, so that the vendor can claim that something is still supported in order to meet contractual commitments, but really they don't want to keep investing in the product. Consultancies are the hospices of dead product lines.
Real engineering innovation doesn't happen in this space, and there is so much innovation going on right now that if you are a talented developer you can do a lot better than work for one of these firms. If you are an overseas developer, you are much better off getting hired directly by a tech company to work on their products with an H1B than by going the Infosys route. There just isn't the surplus of talent claimed to staff these companies, and if you are unlucky enough to be a smart, driven developer working for one of them, you will end up bored out of your mind.
But at the same time, there are some excellent boutique consultancies, mostly small sized, with truly talented people, who decided to strike out on their own or in small teams. But again that's not a business model that scales to create massive consultancy behemoths. I know of a few, but they are colleagues who decided to work for themselves, it's not a brand you would have heard of.
This is true even for blue chip firms like IBM, whose consultancy business also has a terrible reputation for overcharging customers and not delivering what was expected.
Re: Infosys shares drop to 10-month low as whistle-blowers target CEO
#9Infosys and TCS remind me of Uber and Lyft: business models based on magical thinking-rooted exploitation. Engineers need to form their own worker-owned consultancy co-ops and eschew corporations to capture more of the wealth they generate for themselves rather than as underpaid servants of said large corporations.
That's actually a very good analogy.
Re: Infosys shares drop to 10-month low as whistle-blowers target CEO
#10Infosys and TCS remind me of Uber and Lyft: business models based on magical thinking-rooted exploitation. Engineers need to form their own worker-owned consultancy co-ops and eschew corporations to capture more of the wealth they generate for themselves rather than as underpaid servants of said large corporations.
Do you need to control how every engineer works?
If you don't want to work for a corporation, don't work for a corporation. Why do you need to tell the entirety of engineers how to do it?