SYNTEL LTD, an US based IT and KPO service providers which has its major Global development centers in India located at Mumbai, Chennai and Pune.
Syntel's revenue for the Q1 2008 was $98.5 million and for the Q1 2009 was $96.4 million.
But the Profits had rose up from 40.3% to 46.5%.
How is it possible???
As far as to my limited knowledge,
The Offshore Head count of Syntel by US Q4 was more than 12000.
Within in a short span of 2 months the OffShore headcount was reduced to less than 9000.
This shows an Unethical tactics taken by Syntel to increase profits taking care of it alone and not the welfare of its employees.
Kudos to all medias which call it as an RECORD (eg: economic times)
So company has announced its profits and added four new clients,(Business standard, Reuters)
What about the innocent employees Laid off by the company????
Am asking this question as a one among the list of innocents.
No comments:
Post a Comment