Stock crashed by 10% and company downgraded...Signs of turmoi?
3 replies (most recent on top)
To maintain High profit margins All IT services companies are exploiting employees and doing random firing to instill fear psychosis in employees.
To cover tracks and avoid declaring layoff to regulatory bodies they are disguised by various means like performance, transfering from listed company to syntl pvt ltd and firing etc.
Syntel Rakesh Kaka ki Jai Ho, inke jaise leader ho to company ka aur kya hoga, Nitin Rakesh to katbutali hai,
no turmoil it is great performance. (E45 - Low values)
it is great technique to declare less revenue in Q1 and pay less percentage of variable pay and less hike (and even justify layoff of costly senior resources).
B3 & B4 contribute to better profit margins by contributing the 15% variable pay, a portion of which goes to DM, DDs and VP's.
Can t u see how DMs show haste in promoting people to PL designation.