India's IT Services Giants Hit With Steepest Growth Slowdown in Years (indiadispatch.com) 33
India's three largest IT services companies are facing their steepest growth slowdown in years as corporations curtail large technology projects amid global economic uncertainty and geopolitical challenges. From a report: Infosys, the country's second-largest IT services provider, on Thursday forecast revenue growth of just 0-3% for the fiscal year through March 2026, far below analysts' expectations of 6.3%. The guidance follows a quarter where net income fell 12% to $823 million, though this exceeded analyst estimates of $780 million. The disappointing outlook echoes similar concerns from rivals Tata Consultancy Services and Wipro, as US President Donald Trump's tariff policies add fresh headwinds to an industry already struggling with cautious client spending.
The end of the days of salary arbitrage. (Score:4, Insightful)
Could not have happened to a more deserving crowd.
Good (Score:1, Insightful)
This is what they get for all their racism and refusing to hire Americans for tech jobs.
We all know the story; somebody from over there comes over, then starts refusing to hire anybody that isn't from India.
Or they market themselves as having skills the don't, so they hire wrong and get the company sued because they tried to enforce a caste system that refuses to hire Americans, that can only legally exist in India when the cops there aren't looking.
It's even worse when they end up acting as recruiters bec
Re:Good (Score:4, Insightful)
Re:Good (Score:4, Interesting)
Re: (Score:1, Insightful)
Shut the fuck up nerd. You're worse than useless, you might as well actively support this nonsense.
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Indian managers only hire Indians. This is very well known if you work in any type of tech job.
Not just that. Indian managers are biased toward specific classes of Indians. In 2023, CA SB403 was overwhelmingly passed by the state legislature and would have banned caste discrimination in hiring, but lobbying by Indian and Hindu groups prompted Newsom to veto the bill.
Does this type of bias exist? Just take a look at the groups in your company. To be fair, there is a strong correlation between the race of the manager and that of employees that exists across all races and ethnicities. However, Indi
Re: Good (Score:1)
Outsourcing Tariffs are needed (Score:5, Insightful)
The government needs to start placing large tariffs on paychecks meant to fund non-american workers. This includes contractors that will outsource american jobs.
Sure, dear. (Score:4, Informative)
A 146% tariffs on everything will readily be announced for you, to be immediately postponed for 3 months, then replaced with a flat across-the-board 10% tariff except for russia, which gets zero, which then will be itself postponed until such time as "negotiations" take place on a country-by-country basis, of which over 75+ have been requested and will be completed in 3 months, a promise.
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Unfortunately, tariffs don't actually solve anything. Money has a way of following the path of least resistance. Block one channel with tariffs, it flows to another channel.
It's not unlike the days when factories started making nails, putting blacksmiths out of work. The blacksmiths might have pushed for heavy taxes on the factories, to level the playing field. But the tide was unstoppable.
If there is anything to the tide of cheaper labor overseas, it will not be possible to stop it. Fortunately for the ski
Bad economy and the orange one causing a recession (Score:2, Insightful)
The problem is we've set it up so the house always wins. If the economy collapses Trump and his rich buddies get to buy up our houses and our assets for cheap. If the economy does well all the property they bought up during the last recession they caused goes up in value. And if it really collapses we have to build them out because they have set themselves up as a linchpin for the economy s
Why are you reposting my old comments? (Score:1)
Only thing is there's no way this little website has those kind of sophisticated automatic moderation tools. Somewhere ther
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Oh would you please stop lying? Everybody knows that you are a Chinese troll living in Singapore who trolls the USA everyday repeating the same propaganda rhetoric 20+ times daily here.
Chances are you are the one posting everything since there are strong evidences that you also run a sock puppet mod point farm in order to manipulate Slashdot and American politics so everything is most likely part of your propaganda campaign.
You keep on repeating/reposting in loops the exact same propaganda topics over and o
Re: (Score:3)
This is the entire point.
It's called the Shock Doctrine. Except the Trump administration is creating the crisis-es (sp?) himself, and then exploiting the ensuing chaos.
https://www.salon.com/2025/04/... [salon.com]
From the link below:
In this strategy, political actors exploit the chaos of natural disasters, wars, and other crises to push through unpopular policies such as deregulation and privatization. This economic "shock therapy" favors corporate interests while disadvantaging and disenfranchising citizens when they
Good point (Score:1)
I really really really really really wish people could see past propaganda and think critically. I am really getting tired of my entire life being offended by a handful of people that for reasons I find unfathomable find Fox News entertaining. I've even known moderates like that and I just don't get it.
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I see you have adopted Trump's terminology.
There is no "Democrat" party. It is the Democratic party.
He mangles names as a childish attempt to insult -and you are right there with him. He has won you over.
Re: Bad economy and the orange one causing a reces (Score:1)
Good (Score:5, Insightful)
These companies routinely abuse the H-1B and B1 visa system. I will shed no tears.
Cat Fight (Score:2)
Steve Bannon and Elon had a cat-fight over visa workers.
Looks like Elon mostly won, as Don still allows them, but wants to make sure they are quickly booted after their stay is up.
It's not that Don trusts Elon more, it's probably that Elon has more cash and donates bigly. Don used to claim he "can't be bought" because he's rich. But Elon's far richer. The biggest fish in the sea met a whale.
The Purge (Score:1, Insightful)
IT needs a general purge.
Too many people are getting paid too much to reinvent the wheel, and too little technology of actual realistic practical value is being produced.
It has become another bloated job category because IT is both required and seems like the next big money bonanza to most firms, but now people are cutting back.
We are using too much technology and not enough of it wisely (and no, AI is not a magic fix).
That's like skinning someone to treat herpes (Score:4, Insightful)
IT needs a general purge.
Too many people are getting paid too much to reinvent the wheel, and too little technology of actual realistic practical value is being produced.
It has become another bloated job category because IT is both required and seems like the next big money bonanza to most firms, but now people are cutting back.
We are using too much technology and not enough of it wisely (and no, AI is not a magic fix).
"IT" is a broad term for services bought by businesses. IT is a symptom. If they're doing too much business, take it up with the those writing their checks. You don't skin a patient to cure their herpes, you treat the virus. You don't crack down on chefs to treat obesity. You tell those ordering the food to make better decisions.
Most in IT aren't paid "too much"...only a few elite software engineers are wealthy. Beyond that, most tech riches go to business owners. Most working in IT are earning modest wages and even most with good titles are earning middle-class wages. Their salaries seem high, but if you're working where the jobs are, you're not living in a mansion. I could afford a VERY nice place in South Dakota, but I can barely afford a middle class home where I live.
if you think spending is wasteful, which there is a case for, it's due to clueless decision makers, almost none of which are technologists, who are funding stupid ideas. IT is agnostic to politics and business...just like a plumber or electrician. Most tradesmen do their job and care little about who it's for. I doubt many electricians in DC care if they're upgrading a circuit breaker panel for AOC or Matt Gaetz. If either hires them for a stupid wasteful solar retrofit, would you take it out on the electricians?
You did a poor job of explaining your thoughts and your opinions and came off as clueless to the entire industry or how business works in general. You probably have some insight and a decent point buried in your vague writing, however, I will assume your beef is with the MBA herd...not the people who take their money to realize their ideas. Few of us in the industry have the luxury of scrutinizing where our paycheck comes from. We have families to feed. Go after the disease...not the symptoms. If they're not wasting money on IT projects, they'll find something equally stupid to justify their executive paychecks on.
Re: The Purge (Score:1)
Two opinions (Score:2)
There are a lot of smart people in India, life is tough, and I can't blame them for trying hard to get ahead
US companies are driven by the insane rule that the only thing that matters is increasing shareholder value. Nothing else matters. Not the product, the customers, the employees, the environment, nothing. I suspect that it may be true in some cases that outsourcing to India produces good results, I also suspect that more commonly, managers don't care about quality as long as the price is low
I don't bla
Here's a weird thought (Score:3)
What happens if/when the Indian IT outsourcing machine collapses?
What are the unforeseen consequences?
In theory, Americans get those jobs, but do they? Where, and what do those Indian works end up involved in?
We already have large Indian-based "scam" operations. Will that expand? To what effect?
Inquiring minds want to know
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Most likely, the countries that were already behind in IT, will now be flooded by cheap Indian workers, destroying the local job market for good. It's impossible to start as a junior developer at your local bank if you're competing with Infosys.
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"Steep Growth Slowdown" (Score:2)
Is that phrase from PhbGPT? We muggles say "flat".