India's IT Services Giants Hit With Steepest Growth Slowdown in Years (indiadispatch.com)
- Reference: 0177054169
- News link: https://tech.slashdot.org/story/25/04/17/1339247/indias-it-services-giants-hit-with-steepest-growth-slowdown-in-years
- Source link: https://indiadispatch.com/p/client-caution-weighs-on-indias-280
> 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 [2]struggling with cautious client spending .
[1] https://indiadispatch.com/p/client-caution-weighs-on-indias-280
[2] https://it.slashdot.org/story/25/04/15/0259250/indian-it-faces-its-kodak-moment
Re: (Score:3, Insightful)
Indian managers only hire Indians. This is very well known if you work in any type of tech job.
Outsourcing Tariffs are needed (Score:4, 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:2)
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.
Bad economy and the orange one causing a recession (Score:3, Insightful)
Everything is going to be in a slump. Unless a miracle happens we're going to start seeing 2008 style mass layoffs.
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 so if they go down we go down hostage situation style.
There are 34 trans girls competing in high school sports. A total of $170 million was spent scaring the shit out of you and me about those 34 girls. This is one of many many moral panics that have been used to manipulate us over the years. Never mind the trillions in propaganda thrown our way.
I don't think we can see through that anymore. Combine that with a bit of voter suppression and I think it's over and done with. I do not see a way out of the hole we've dug ourselves in. Too many bad ideas stacked on bad ideas putting our head during that critical 4 to 14 age demographic when you can learn but you can't think critically yet.
I'm open to being proven wrong but watching the Democrat party and the left wing flounder after Trump's second victory has not given me any hope. They're all still just doing the same shit that doesn't work anymore
Why are you reposting my old comments? (Score:2)
Okay I mean there's no point in asking this is a bot but I am genuinely curious what the logic is here. I suspect that this is a bot designed to operate alongside other bots that would do automatic moderation. So you take somebody's comments and you post them in a way that draws the auto moderation bot's fury with the hope of training in automatic moderation bot to mod my post down.
Only thing is there's no way this little website has those kind of sophisticated automatic moderation tools. Somewhere ther
Good (Score:5, Insightful)
These companies routinely abuse the H-1B and B1 visa system. I will shed no tears.
The Purge (Score:2)
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:2)
> 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 earnin
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
The end of the days of salary arbitrage. (Score:3)
Could not have happened to a more deserving crowd.