x
Optical/IP

Wipro Soars on Outsourcing

Systems integration and outsourcing services firm Wipro Ltd. (NYSE: WIT) is raking in the bucks as more telecom companies move jobs overseas (see Wipro Records Profit).

There are some who doubt the wisdom of sending jobs overseas, but companies such as Wipro, and its main rivals in India, Tata Consultancy Services and Infosys Technologies Ltd., are clearly profiting from the practice.

Wipro, which counts Cisco Systems Inc. (Nasdaq: CSCO) and Nortel Networks Corp. (NYSE/Toronto: NT) and numerous operators among its customers, increased its earnings per share for the year ended March 31 by 23 percent to 43.2 rupees (about US$1.00).

Get the details at Boardwatch.

— Ray Le Maistre, International Editor, Boardwatch

<<   <   Page 3 / 10   >   >>
ThurstonHowell3rd 12/5/2012 | 2:01:11 AM
re: Wipro Soars on Outsourcing LULU Wrote:

"I got whacked by my Chinese manager at LU Westford in favor of someone of his nationality. Thw funny thing was this employee had joined the group only 2-3 weeks before!! Now I don't want to give out names here, but I worked in the Performance Engg group there, so the people who know of whom I am talking of... slap him on the face!!"

Obviously spelling is still considered a black art at Lucent????????
sigint 12/5/2012 | 2:01:11 AM
re: Wipro Soars on Outsourcing _LULU_ said:
Thw funny thing was this employee had joined the group only 2-3 weeks before!! Now I don't want to give out names here, but I worked in the Performance Engg group there, so the people who know of whom I am talking of... slap him on the face!!
__________________________________________________

Sorry, if I'm touching a raw nerve here. How does a company decide whom to layoff? Isn't it based on redundancy or performance?

And, if you had reason to believe that you were terminated based on considerations other than performance or pecuniary, why didn't you consider a lawsuit of some sort?

I have seen some hiring in India based on parochial considerations. However, I haven't seen any firing based on such things. Personal equation with the manager does matter, however. Probably more so than in the US.

Sigint
marete 12/5/2012 | 2:01:09 AM
re: Wipro Soars on Outsourcing
It's too bad that you were laid off based on your nationality. In my case at Lucent Westford, a while ago, we were informed it was based on cancellation of the Oz project, though I understand that a handful of folks were kept on... Though not sure whether they were mostly of Chinese or Indian nationality.
lighten up!! 12/5/2012 | 2:01:08 AM
re: Wipro Soars on Outsourcing It basically demonstrates the short-sighted mentality of most clueless executives who couldn't find their way out of a paper bag if their own jobs were outsourced. These idiots will drive most companies to the ground because they haven't got a clue as to how to run a profitable business. Their costs are high because of their fat salaries and incompetence. You can't fix this problem and hide your sins by outsourcing, sooner or later you'll have to pay the piper and that day is coming...
truelight 12/5/2012 | 2:01:07 AM
re: Wipro Soars on Outsourcing Sadly it is not the executives that pay the price.

US management culture is in the sewer IMO. A smiley face and yes men seem to be destroying the countries high-tech industry.

Look at your current CEO and ask what does this guy stand for and where is he not-leading us !
truelight 12/5/2012 | 2:01:07 AM
re: Wipro Soars on Outsourcing Signit wrote:

Sorry, if I'm touching a raw nerve here. How does a company decide whom to layoff? Isn't it based on redundancy or performance?
_____________

It is based on "who you know" and not "what you know" and "can you be replaced". Friendship, how much you kiss ass, threat of lawsuits (esp. females and older folks) play an important part in the decision making process.




_LULU_ 12/5/2012 | 2:01:05 AM
re: Wipro Soars on Outsourcing sigint:
Sorry, if I'm touching a raw nerve here. How does a company decide whom to layoff? Isn't it based on redundancy or performance?
-------------------------------------------

Performance!! Hah! I guess you have yet to learn the beast that is LU!!! It is the biggest redundant BS out there. Its all about whom you know and how much you can market yourself. Thats what Westford was reduced to... engineers, managers and executives trying to "shine"... trying to grab projects, credit, point fingers for failed projects etc.
_LULU_ 12/5/2012 | 2:01:05 AM
re: Wipro Soars on Outsourcing Thurston Howell Part III wrote:

Obviously spelling is still considered a black art at Lucent????????
--------------------------------------------

Hmmmm are we discussing outsourcing etc. or critiquing the language structure and spellings of each others posts? Go to a English Grammar msg board if you want to do so... else pipe down and suck it.

A errant keypress here an errant keypress there can lead to a some errors... but WHO THE F**K CARES.

BTW, what word (besides "Thw") did I mess up, Mr. Part 3?
brahmos 12/5/2012 | 2:01:03 AM
re: Wipro Soars on Outsourcing _LULU_ do you have any insight into how LU india
unit is doing ? I am looking around for a job in
india and thinking if I should apply there...bear
in mind I am sorely lacking in political skills 8)

lighten up!! 12/5/2012 | 2:00:42 AM
re: Wipro Soars on Outsourcing You just gave away your identity as one of those LU managers. You are obviously not a very smart man after all.
<<   <   Page 3 / 10   >   >>
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE