Live data from Hacker News

Infosys shares drop to 10-month low as whistle-blowers target CEO

bloomberg.com

11–20 of 84 posts

Re: Infosys shares drop to 10-month low as whistle-blowers target CEO

#11

> 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 has a pristine anti-brand for me. Seeing InfoSys involvement is a signal to "stay away".

Re: Infosys shares drop to 10-month low as whistle-blowers target CEO

#13
I have only ever run into dealing with InfoSys' services (back in 2011 or so they provided the entire media / marketing / advertising tech stack for Diageo, called Neo at the time).

Complete black-box. Impossible to work with. Impossible to get documentation. We literally had to debug via crash reports delivered to us every 24h. Of course it was ALWAYS their machine images somehow differing from their environments, so our tests passed locally and then failed in their black box.

Horrific performance problems (think services locking up at 200 concurrent connections...for mobile apps, when advertising-apps were still a thing. Released across virtually all pubs in a whole country. You can imagine how that went).

Of course they would continuously blame all their issues on the company I worked for at the time. And Diageo even fought tooth and nail to defend them. We had to waste an insane amount of resources just proving to them that their system sucked. Easily one of the worst examples of a company wasting huge amounts of money, thinking that outsourcing would save them money. It's so stupid.

Re: Infosys shares drop to 10-month low as whistle-blowers target CEO

#14

None of these companies - Infosys, Tata, Wipro etc - actually has a business beyond convincing technologically illiterate Western senior managers, by whatever means, to outsource the core of their businesses for short term gain.

Couldn't agree more.

Re: Infosys shares drop to 10-month low as whistle-blowers target CEO

#15
I can't help but notice the bias people from the west tend to have against Indian outsourcing companies. They have issues and downsides, sure. Major long term downsides, as an Indian programmer (not working for any of these companies), I agree (just like outsourcing to ANY company, be it American e.g. Cognizant).

Comments talking about Infosys/TCS, not being a brand: programmers are not Infosys' customers, in fact it's quite the opposite of that. Infosys' services replace programmers for their customers, who are non-technical managers who want to abstract the IT part of their projects and not be taken for a ride by technical people (not saying that all of them do, but a lot of times engineering department heads demand HUGE budgets to just become more important) and managers feel that a dependency like that makes it necessary for them to be obedient.

Just because they have downsides, does not mean that they are not brands. Infosys has innovation labs in universities all around the world. They award the Infosys prize to the tune of $6.5M to scientists for research. TCS is a strategic partner for projects like the British Rail Network.

I actually view Indian outsourcing firms to be firms that trade human hours, which turns out, are a lot cheaper in India. Maybe POTUS should actually impose duties on importing software too.

Update:

I also agree with fellow developers on the fact that these outsourcing cos. produce bad code and documentation and usually result in a net loss for organisations where technology is in inherent competitive advantage.

However, these downsides are not because of the lack of skill. It's because of the nature of project based model that outsourcing firms follow. If anyone is to blame, it's the myopic or misconstrued managers who employ them for projects where outsourcing is not the solution.

However, there are many applications where outsourcing firms do just fine. And hiring a separate engineering department could be a risky alternative.

Re: Infosys shares drop to 10-month low as whistle-blowers target CEO

#16

Infosys 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.

Uber and Lyft are loss making experiments. Whereas Infosys and TCS are profitable corporations, responsibly hiring hundreds of thousands of people (which they do not plan to fire impulsively like Uber), bringing in huge volumes of trade revenue to India for over a decade.

Uber and Lyft use contract workers, rather than getting people on their payroll. Infosys and TCS hire freshers on bonds at salaries that are not very high, but hire thousands every year on their payroll in a country where IT engineering programs have near 100% placements. If those engineers want to work for themselves or other non-corporates, no one is stopping them.

Re: Infosys shares drop to 10-month low as whistle-blowers target CEO

#17
post #10

Infosys 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?

Unionized workers have far more leverage in business negotiations.

Re: Infosys shares drop to 10-month low as whistle-blowers target CEO

#18
post #15

I can't help but notice the bias people from the west tend to have against Indian outsourcing companies. They have issues and downsides, sure. Major long term downsides, as an Indian programmer (not working for any of these companies), I agree (just like outsourcing to ANY company, be it American e.g. Cognizant). Comments talking about Infosys/TCS, not being a brand: programmers are not Infosys' customers, in fact it…

[deleted]

Re: Infosys shares drop to 10-month low as whistle-blowers target CEO

#19
post #15

I can't help but notice the bias people from the west tend to have against Indian outsourcing companies. They have issues and downsides, sure. Major long term downsides, as an Indian programmer (not working for any of these companies), I agree (just like outsourcing to ANY company, be it American e.g. Cognizant). Comments talking about Infosys/TCS, not being a brand: programmers are not Infosys' customers, in fact it…

I would agree if Wipro, Infosys, Tata, Cognizant and HCL were in the business of offering up skilled people that they have promised to clients. But every single one of my clients who engages these companies has a story where they were sold X cloud or devops or security people and the people put on their engagements had 0 experience.

I've moved into a consulting company that has an offshore branch and it's the same thing. And the managers overseas want to charge me expert rates while I have to train up their staff on the basics of how to do their job. And I mean the ABSOLUTE basics.

I really don't see how it's not fraud.

Re: Infosys shares drop to 10-month low as whistle-blowers target CEO

#20

> 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.

I think its mainly in terms of the bean counters /boards of companies that out source.

Though of course it might make developers wary of joining a company with accounting discrepancies like this.

Post reply on HN