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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

#61

Post by dsfyu404ed »

r_singh wrote: post #22
primax wrote: post #19

Earlier quoted context omitted.

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 th…

There's probably barely any big consulting firm or bank that does not have offshore mega offices (in India) where a lot of important work happens in equities, commodities, etc. Citibank, BOA, PWC, you name it. All employ tens of thousands of people in India. Even tech cos. like Amazon are hiring their next wave of knowledge workers offshore. It's not like the offshore heads can force anyone to do so, or the Indian go…

>Having a great sales pitch and not being able to deliver is not a fraud.

When you do it over and over and over again it sure starts to quack like the fraud duck.

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

#63

Post by dsfyu404ed »

anonymous_i wrote: post #47
r_singh wrote: post #16

Earlier quoted context omitted.

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 ve…

quality != quantity

Quantity has a quality all its own.

That said, that's probably a bad motto to have in IT.

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

#64

Post by r_singh »

hc91 wrote: post #52
r_singh wrote: post #35

I see a lot of comments here attributing outsourcing firms to fraud. Let's remember that these cos. win contracts fair and square by taking advantage of myopic tendering processes. If there's something to blame then it's obsolete tender process that make it impossible for quality vendors to compete or for outsourcing firms to make realising proposals. Overpromising and underdelivering is not fraud. Fraud is what VW,…

Dude, you are obviously biased and try to portray the "pure play" companies in a positive light. Stop it, you are not fooling anyone. Stop defending them, those companies are the literal cancer of the software engineering world from the most literal point of view and the people in this thread talking bad things about them are doing that because they have very good reasons to.

No. I say this again, their work sucks. And their customers are fools to hire them. Their customers' shortsightedness and greed is the cause of this cancer.

I just think it’s not fair to accuse them of fraud.

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

#65

Post by r_singh »

bhouston wrote: post #57
r_singh wrote: post #35

I see a lot of comments here attributing outsourcing firms to fraud. Let's remember that these cos. win contracts fair and square by taking advantage of myopic tendering processes. If there's something to blame then it's obsolete tender process that make it impossible for quality vendors to compete or for outsourcing firms to make realising proposals. Overpromising and underdelivering is not fraud. Fraud is what VW,…

One of the issues creating poor impressions of Indians at least in Canada nearly every resident gets a fairly regular stream of calls from Pakistan and India that are actually fraud, dealing with IT and credit cards, duct cleaning and taxes. I think India is a challenging place to make a living and thus many people do whatever they can to make a buck, at least that is how I explain this behavior to myself.

That’s true, I get a lot of fraud calls from India too.

It’s lack of regulation, funds and a lot of other things.

You’re right though, it’s going to affect reputation for sure. Not like it’s going to make the bad actors mindful, because as you suggest, it’s survival that’s on their mind.

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

#66

Post by r_singh »

hereiskkb wrote: post #60
r_singh wrote: post #35

I see a lot of comments here attributing outsourcing firms to fraud. Let's remember that these cos. win contracts fair and square by taking advantage of myopic tendering processes. If there's something to blame then it's obsolete tender process that make it impossible for quality vendors to compete or for outsourcing firms to make realising proposals. Overpromising and underdelivering is not fraud. Fraud is what VW,…

> Overpromising and underdelivering is not fraud. It is. That's like saying selling a Merc with a Suzuki Swift engine inside is not fraud.

Or selling a VW clean emission free vehicle with a cheating device.

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

#68

Post by vmurthy »

iamsb wrote: post #32
r_singh wrote: 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…

Here is an anecdote which might help you understand why. One of my classmates joined infy out of college. His job for the first one year was - email the list of files changed in the day to the client. This friend was called newton in the college, one of the smartest person around. And he was doing one of the most boring job. Client was paying more than 3000 USD per month for this. Of course he automated the work on s…

> used time to study for CAT and left to enroll in IIMA.

For those of you who don't know about CAT: think GMAT but with 200000 people appearing for it at the same time-frame (maybe a 15 day window)

IIMA - Harvard equivalent in India. Only about 400 people out of 200000 make it to IIMA.

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

#69

Post by r_singh »

peteradio wrote: post #56
r_singh wrote: post #35

I see a lot of comments here attributing outsourcing firms to fraud. Let's remember that these cos. win contracts fair and square by taking advantage of myopic tendering processes. If there's something to blame then it's obsolete tender process that make it impossible for quality vendors to compete or for outsourcing firms to make realising proposals. Overpromising and underdelivering is not fraud. Fraud is what VW,…

Are you being hired to apologize for these shitty consulting giants? Up and down this thread like its your job.

Hmm, not at all.

It’s a different matter that I don’t think very highly of them.

I just don’t think it’s fair to accuse them of fraud. W/o considering the fact that they’re from a country with a lot less resources competing for contracts that perfectly competent people reward to them.

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

#70

Post by sumedh »

hereiskkb wrote: post #60
r_singh wrote: post #35

I see a lot of comments here attributing outsourcing firms to fraud. Let's remember that these cos. win contracts fair and square by taking advantage of myopic tendering processes. If there's something to blame then it's obsolete tender process that make it impossible for quality vendors to compete or for outsourcing firms to make realising proposals. Overpromising and underdelivering is not fraud. Fraud is what VW,…

> Overpromising and underdelivering is not fraud. It is. That's like saying selling a Merc with a Suzuki Swift engine inside is not fraud.

Is it fraud or is it incompetence?
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