Shortly after the IBM outsourcing, a decent amount of information had shown up here within a day or so. I haven't seen nearly as much information about the TechM deal.
Which groups are impacted?
Are team structures/reporting relationships being retained?
What's the offer to impacted employees?
When will the transition occur?
Are they offering MTP to impacted employees?
How will all these different outsourcing vendors interact with each other?
IBM is much better that Tech M.....as far as longevity at either it is a draw....chance of being at either after a year is 50-50
Yup, when you get outsourced at first you keep the same base pay, but total compensation is less when you add in total benefits, bonus, 401k matching, etc. Then after the first year things change and then again after the second year if you are still there. From what I heard the people going to Tech M got a better deal than the IBM people.
IBM said "same pay for a year" but it turned out to not quite be true.
At IBM
Your bonus is lower, they are making an extra cash payment as a retention bonus to make up most (but not all) of the difference.
Your 401k matching is lower (if you landed in GTS). They will add an extra 3% at the end of the year in the 1st year only.
401k matching is only paid once at the end of the year, so beyond the lower matching you are losing compounding interest for the year. Oh, and don't quit before the end of the year of you don't get it.
Health insurance is SIGNIFICANTLY more expensive for and is less widely accepted. We were promised quarterly payments to make up the difference. Except those quarterly payments do not even cover half of the difference for most people AND they are taxed without being grossed up, so you get maybe 1/3 of the difference. Some people won't even get the quarterly payments because they have no dependents but their insurance can still be up to 3x more expensive than what they had under AT&T.
tech dev under todd carlton and ward chewning were impacted. same pay for a year. transition happening now.
The Tech M deal is a complete mess.
at least one group under todd carlton was impacted, offer is same salary for 1 year, tech mahindra doesn't have 401k matching or pension.