Satyam is currently in deep trouble. Congress just helped till the election just to ensure it doesnt have impact on voting.I help reducing the work force will help. It will be tuff to buildup the reputation again. There are big companies like TCS , wipro which will be in advantage position to get better deals and steal some from satyam.
SAAS is coming. Companies (especially the midsize) will no longer have huge IT teams and budgets. Most IT will be delivered on the cloud as a service. 50% of IT jobs worldwide will disappear in 4-5 years. Indian IT companies are doomed as they are stuck in cost and labor arbitrage mode and have not moved up the value chain. We have to learn from Taiwan and Singapore which have moved up the value chain.
Re: IT Tsunami coming
by Sandeep Menon on May 16, 2009 04:16 AM
Vinod, you might be correct in the prediction of the future, but rest assured your timelines are way off. If even 10% of the so-called IT jobs worldwide disappear, I'll personally vouch for you as the 'Nostradamus of the modern era'. Job loss now is a direct consequence of the financial turmoil, it will not get back to 2004-2005 kind of job market, for the next decade or so, but before the concept of SAAS takes over the world, it's going to be a while.
Re: IT Tsunami coming
by Sandeep Menon on May 16, 2009 04:16 AM
Vinod, you might be correct in the prediction of the future, but rest assured your timelines are way off. If even 10% of the so-called IT jobs worldwide disappear, I'll personally vouch for you as the 'Nostradamus of the modern era'. Job loss now is a direct consequence of the financial turmoil, it will not get back to 2004-2005 kind of job market, for the next decade or so, but before the concept of SAAS takes over the world, it's going to be a while.
See the Kangress govt assured these people that there wud be no job losses. Now that their vote has been stolen, the Kick was expected. Kangress ki laat, aam aadmi ke * par
Just wait & watch as the petrol & essential commodity prices start rising again.
Sorry people, you had your chance, YOU CHOSE, now its too late.
If Whole styam people will not co oprate with TM then there will be no chance for lay off, if they can lay off for 12000 next day can be for all better to regine in single phase or Stayam people can take there own ownership and for next one year with half salary they can bulid there own nwew cmpany with new deal with exsting client
Hahahahaha, sorry if you are from satyam. I am laughing in the whole IT industry, who offers you 50k initial salary then sack whenever thay want. It means that either you will be with "Full of Stomach" or "Nothing in Stomach". No consistency, a clerk in the Govt service is far better than IT peoples, atleast they are sure of paying the installement for there children loans for coming 20 years,But you ae not. Be a tortoise with cosistency not rabit with volatility.Atleast think about your family if not abt you.
Re: Story of IT
by D S on May 16, 2009 12:13 AM
KR - wht do u think IT guys should do.Pls give them some guidance so that they can think abt their family. BTW u sound like a clerk to me.
Re: Re: Story of IT
by dz on May 16, 2009 12:54 AM
Mr Krishna,
I am sorry for you for having this kinda mentality resulting which you have given this comment. actually people like you are fish in a small pond who never want to compete and move ahead ! simply getting some salary every month and doing nothing for your company ..and then cursing the whole India !! .. grow up and think high ! if you want to achive high try to take risk .. and yeah simply let this learn to your children atleast they will not be dependent on ur loans ;) ..
Re: Story of IT
by Suren J on May 16, 2009 01:45 AM
ok try and stop using IT services atleast for one day, brother stop laughfing at others problems. IT will stand on its feet it's for sure. Think of you, can you be sure that you will stand and support your family with using a computer. I real pity you Mr. krishna rathore
Re: Story of IT
by dz on May 16, 2009 06:13 AM
Mr Krishna,
I am sorry for you for having this kinda mentality resulting which you have given this comment. actually people like you are fish in a small pond who never want to compete and move ahead ! simply getting some salary every month and doing nothing for your company ..and then cursing the whole India !! .. grow up and think high ! if you want to achive high try to take risk .. and yeah simply let this learn to your children atleast they will not be dependent on ur loans ;) ..
Re: Story of IT
by Spandan Buch on May 16, 2009 12:05 AM
never thought of yurself and in yur family think of sending them to IT.Be an illiterate and work on papper based work.For ur knowledge IT contributes INDIA's more thasn 50 % of GDP this year IT is down so GDP of our coountry has gone down.Why wuld u think this anti INDIAN.
Re: Re: Story of IT
by krishna rathore on May 16, 2009 02:11 AM
America became US America not because of IT or growth in a specific sector(region), but because of an equal impotance given to all sector(region) from a small village to a metro and from wheat to WTO.
Re: Re: Story of IT
by Gopal Ramesh on May 16, 2009 06:34 AM
Spandan,
Your figures are wrong. IT does not contribute 50% of India's GDP! If the total size of the IT industry is about $40 billion, are you saying that India's GDP is only $ 80 billion? Where do you get such figures from? Have you checked out the latest RBI survey, published in their website? Or is too much to ask an "IT" smart alec to do his homework???????
Re: Story of IT
by Anand on May 16, 2009 01:39 AM
Looks like u dont have the maturity to comment to a reader's website like this. I believe u know some english and some internet knowledge and huge misbelievings and living for nothing useful for this world. An IT guy atleast earns huge money and spends 50 to 60 % of that in this country and you earn nothing and spend nothing for the development of India. IT guys get good salary and pay huge taxes that are even higher than your monthly take over..
Re: Re: Story of IT
by prashant goswami on May 16, 2009 04:14 AM
I agree, I myself was offered by 11 lac after 12 years of experience by TCS and I rejected,Indian companies like TCS, Tech Mahindra are famous with the name of Chindichor among IT workers
Re: Story of IT
by Bhasmasur Rakshas on May 16, 2009 01:56 AM
Who told you IT companies pay 50K as starting salary??
Most IT companies pay about 15 to 17K as starting salary......
People with 3 to 4 years of experience make 50K in some companies like CTS....if it is a chindi chor company like TCS, you will take home 50K after 5/6 years of service...... Don't have an exagerrated view of the IT industry....
Re: Story of IT
by Guest on May 16, 2009 12:52 AM
Mr Krishna,
I am sorry for you for having this kinda mentality resulting which you have given this comment. actually people like you are fish in a small pond who never want to compete and move ahead ! simply getting some salary every month and doing nothing for your company ..and then cursing the whole India !! .. grow up and think high ! if you want to achive high try to take risk .. and yeah simply let this learn to your children atleast they will not be dependent on ur loans ;) ..
Re: Story of IT
by Gaurav Rawat on May 16, 2009 12:13 AM
this person rathore should immidiately be imprisoned and locked behind the doors....he is not fit to live in a civilized society...not only his words smack of pathetic character but also cheap mentality... a person getting pleasure out of pain of others is a lowly,degraded and a sick person...and i only wish you are cured...and dont worry IT is going tp bounce back with full throttle and yes the pension on which you are jumping so mch comes from the tax paid by hardworking IT people ....
Re: Story of IT
by dattaraj nasnodkar on May 16, 2009 01:58 AM
with the job u r talkin bout u can only hope that u wont have to beg for food once u retire for rest of ur life..not even that is guaranteed
Re: satyam.or asatyam....
by Kaka Tua on May 16, 2009 03:42 AM
If its not beginning of a trend, it surely is the beginning of the end. End of also-rans in IT, and shining of the good ones in that sector.
Tech Mahendra is not a charity organisation to allow the entire staff strength on the rolls since they mean business.All the reports of the Satyam scandal clearly indicate that the company was overstaffed & the figures of their salaries over stayed just to boost up the image of the company which ultimately revealed its dubious distinction with admittance all the foul play resorted by Raju,its ex-chairman.It appears true that the plans of lay-offs by the Tech Mahendra are deliberately kept in abeyance keeping in view the adverse impact it was likely to leave-especially on the prospects of the party which is wildly & widely believed to be behind Raju shielding him indirectly.Getting demoralised over the lay offs by the core staff of the company is like the proverbial confession that a butcher is always unmindful of the tears shed by the scape goat.It is incumbent on the part of Tech Mahendra to prove prudent & shrewd for the monies it invested in a stigamatised company like Satyam & they would be doing any thing they like to to ensure their own returns on the investment made.It is not that the Satyam employees never feared the retrenchment.They should have & searched for the other alternatives months back itself when the fraud by Raju came to light.Wise are those who already left & settled elsewhere.These are really doom days for the IT professionals in Hyderabad-more so of Satyam.Any thing that surges suddenly is likely to fall down steeply & is worth suspicion always.
Re: Tech Mahenra is not a charity organisation!
by Spandan Buch on May 16, 2009 12:00 AM
It was Raju who did it not the employees,ofcourse almighty should give u chance to feel this pleasure of working in such type of organisation during recession and where there is no mistake of yours.
Re: Tech Mahenra is not a charity organisation!
by prashant goswami on May 16, 2009 04:19 AM
Tech Mahindra is worst company, One of My friend who worked there was even not paid for Refferal,They pay minimum amount on onsite assignments, HR of Tech Mahindra is worst and eats money from recruitment firms also to preferably invite their recommanded guys for interview.
A.P already lost its name and fame due to Satyam fraud and YSR corruption. if Congress comes back to power again, state will be right behind Bihar and UP in development.
Re: This is seriously going to hurt A.P and Hyderabad
by Dr Jayakumar on May 15, 2009 11:35 PM
be cool man. AP is great place. AP is not just Satyam or YSR. AP is innovation of Language centric state in India. AP need to have people like Periyar to bring this wonderful part of india to main line or front line. I am sure things get well soon in AP and Naidu become CM by tomarrow.
Re: This is seriously going to hurt A.P and Hyderabad
by prashant goswami on May 16, 2009 04:25 AM
Few Telagu Guys say That Chandrababu Naidu used to eat himeself only but stopped everybody else but YSR eats himself and then tells everybody to eat (Old Congress Policy). So everybody happy with YSR, Let the state go in Ditch
Re: This is seriously going to hurt A.P and Hyderabad
by aga sra on May 16, 2009 12:16 AM
What about you as an it employee. Earned lakhs of rupees as salaries and perks ten times more than the servents like IAS/IPS officers. How much charity you have done?
Re: Re: This is seriously going to hurt A.P and Hyderabad
by Kaka Tua on May 16, 2009 03:46 AM
Why bring in the chores and dakus of IAS/IPS? They r beggars living on stolen bribe.
* N R Narayana Murthy accumulated $1.9 billion till date due to Wage Slavery of Infosys employees. * Premji accumulated $12 billion till date due to Wage Slavery of Wipro employees. * How much did they invest in agriculture sector where 80% Indians are living? * Govt must mandate these people to directly INVEST 35% of their INCOME in Agriculture sector.
Re: People like Premji, NRN, Raju etc are NO idols for Indians.
by Gopal Ramesh on May 16, 2009 06:41 AM
Hi New York,
Have you ever tried being an entrepreneur yourself? It is not easy, believe me. It is absolutely presumptuous to state that these entrepreneurs have earned money from the slavery of the employees. Many employees have been able to live a better life, take care of their families, send their children to good schools, buy second and third homes, go on annual holidays and do other things that people from other strata of society might not be able to aspire for. To a very large extent, they could do this because wealth was shared. We all know how Mr.NRN's driver too had stock options of more than Rs 1 Cr. Can you create such wealth for your servants at home? It is all easy to say that this was a function of the stock markets - lazy people give that argument. You also need to build a company that is valued by the markets. That is what Mr.NRN, Mr. AZ etc have done.
Let us not envy their wealth; if at all we should envy anything, let us envy their courage, and commitment and let us try to aspire for those qualities.
Re: People like Premji, NRN, Raju etc are NO idols for Indians.
by Dr Jayakumar on May 15, 2009 11:19 PM
These people should be tried in Hauge for crime ( slavery) on trding human in market. It is shame on India, what you expect from low thinking guys like NRN who want to make money by trading people. Let him give back money to those teachers who had created such human begins in the past 20 to 30 years.
Re: Re: People like Premji, NRN, Raju etc are NO idols for Indian
by TeriMaki on May 15, 2009 11:20 PM
oye NY ... chal tere maate ke mashal me chad ke kudi maar.... how come u know all these.. did u just wake up dreaming these figures ...
Ha ha ha all software typists are thrown out of Satyam. I request all these software typists please do not cry, purchase one laptop with battery operated printer or some old typewriter and sit on road side and earn some money for living by doing some typing work and also keep donation box (Satyam thrown out employee relief fund) near you.
Re: Software typists
by indian on May 15, 2009 11:10 PM
If all software guyzz going to sit on road side how come some waste ppl can write useless comments..u ppl dont find this internet and websites to write useless comments.. u have to come and clean the roads for software engineers..
