Hiring bleak? Here are jobs for Satyam employees (IBM, Microsoft, etc.)

[OhioChick]

12 Jan 2009, 0715 hrs IST, Swati Anand, TNN

BANGALORE: Minutes after Ramalinga Raju’s resignation hit the headlines, employees of Satyam began looking to exit the company like mice on a sinking ship.

Vinay A (name changed) counted himself lucky that his cousin at an IT company in Kenya let him in on an opening. “However, a lot of my colleagues are really worried. Clients are pulling out of projects and were expecting aggressive downsizing by next month,” he says.

So people are looking for opportunities right away, but with the current slowdown, the hiring scenario looks bleak.

However, there are companies that are hiring in the current scenario and depending on the job profile, one could land a job at companies like Tesco HSC.

The company is looking to add around 1,200 people to its existing workforce of 3,000 plus.

“We would certainly be open to hiring anyone from Satyam. The company is known to have some very high quality talent and we would certainly respect that,” says Sandeep Dhar, CEO of Tesco HSC. “We have seen a sharp increase in the number of resumes in the past few days from people from various companies, including Satyam.”

Headhunters say that IT companies like Microsoft, IBM and Oracle are hiring, though this is primarily only in niche areas. Financial houses like J P Morgan and Fidelity and BPOs like FirstSource are hiring too.

More: http://economictimes.indiatimes.com/Hiring_bleak_Here_are_jobs_for_Satyam_employees/articleshow/3965978.cms

January 07, 2009
Rumor Mills Working Overtime On Reports Of Pending Layoffs At IBM, Microsoft

http://www.crn.com/it-channel/212701100

Interesting......Satyam employees are being told that IBM and Microsoft are hiring, yet U.S. citizens at these companies are bracing for layoffs.

[ChromeFoundry]

1. The advice we were given was to take a course...

at the community college. Pull yourself up by the bootstraps, dog-gone-it!

[OhioChick]

3. I can remember "dimson" suggesting that. n/t

[Azlady]

2. That pisses me off!!!!!

IBM/Microsoft are hiring in India, at the same time they are doing MAJOR layoffs in the US! STOP THE OUTSOURCING! GRRRRRRRRRRRR!!!!!!!!!!!!
:argh: :argh: :argh: :argh:

[bkkyosemite]

28. And taking away everything that can from retiree's benefits I know my husband is an IBM retiree,

They are disgusting in what they are doing by making profit off the backs and sweat of those who made the company what it is today. Those yuppies and the big guy are greedy uncaring stealers. Watson Jr. is rolling over in his grave on a continuous basis.

[leveymg]

30. "IBM/Microsoft are hiring in India, at the same time they are doing MAJOR layoffs in the US"

That precisely captures another side of the problem: multinationals have the market power to underbid competitors and drive down wages even in India. Consider this: http://www.reuters.com/article/pressRelease/idUS192478+14-Oct-2008+PRN20081014

, Reuters, Multinationals Planning to Increase Offshoring in Response to Global
Uncertainties, Watson Wyatt Finds
Global Inflation Tops Concerns Among U.S. Multinationals

WASHINGTON, Oct. 14 Multinationals are able to offer lower prices than Indian companies, because the expectations of the financial markets about their profit margins are far lower than for Indian outsourcing companies . . . The margins expected for multinational service companies is less than 15 percent, while it is close to 30 percent for Indian outsourcing companies. As the scale of the offshore operations of multinational companies has increased, their costs have also dropped as they are amortized over a larger number of clients . . .

"Even as the credit crisis grows, the core business strategy for
multinationals remains largely intact -- they are focusing on areas in which
they have direct control and on actions that have immediate impact," said Bob
Wesselkamper, director of international consulting at Watson Wyatt.

To reduce costs and manage profitability, more than four in 10 U.S.
multinationals (42 percent) are likely to offshore more production to
lower-cost regions,

SNIP

Consolidation of market share amidst economic contraction is another part of the joblessness and incomes loss equation. The problem is more complex than outsourcing alone, and the answer to this is a new fair trade policy and vigorous application of antitrust enforcement to break up global cartels into smaller units that are forced to compete fairly.

[BlooInBloo]

4. (facepalm)

Hiring exists in fields/professional levels that require a high degree of skill/experience/edumacation.

Canning exists at those levels that don't. In particular, at MS the people being canned are contractors.


There's nothing remotely resembling a contradiction here. Nor is it anything like a "dam dem furriners!" issue.

[OhioChick]

5. LOL.....

Go ahead with that mindfuck of an argument if it makes you happy.

:rofl:

[BlooInBloo]

6. And you go get dem dam furriners....

The professional need for graduate degrees in the sciences isn't gonna disappear, just because Americans can't stand watching imports do things that Americans refuse to learn how to do.


EDIT: It's really laughable. Americans getting terminal undergrad degrees in psychology, communications, etc. in the brazillions - and then they get mad when companies import people who actually know something that's relevant to them. Ah well - more job security for me I suppose.

[provis99]

29. America already has far too many scientists and engineers

They have a higher unemployment rate than the national average. Everybody getting master's degrees in science and engineering means squat if the jobs aren't there!

On the other hand, McDonalds and Wall Mart are always hiring; my assistant manager boss at Wal Mart had his Masters in Physics from U of Texas.

[ChromeFoundry]

7. What - - - Ever...

Hint: Nobody listens to the fucktard that talks in ridiculous predictability.

[OhioChick]

8. .....

:rofl:

[BlooInBloo]

9. hahahah!

That's "Born-in-America fucktard who can walk out on the street tomorrow and get an excellent job.", to you, tiger.


EDIT: In any American city over 100,000 pop.

[ChromeFoundry]

10. You my boy, Bloo!

You just keep on telling all us how big your brain is!!! Now if we could only train you to actually use it.

Those who can't... teach.

[BlooInBloo]

11. It's funny because everybody else's brain is as big as mine.

[ChromeFoundry]

12. But yours is so much more obtuse than most.

[OhioChick]

13. You are "a little bit offbeat as far as teachers go."

It shows.

[BlooInBloo]

14. Whoa - I think somebody said that about me once.

(shrug) Even if I mis-remember, it's still true enough.

[Azlady]

15. God help our kids

if you're teaching them not to clench instead of teaching them math. No wonder our kids grades in math/science are in the shitter

[BlooInBloo]

17. Indeed. It's astonishing luck that my kids' test scores were better than the other instructors'....

week after week, quarter after quarter, year after year.

You know what it means when you get 10 brazillion heads in a row? That it's not luck.

Why are we talking about my teaching success anyway? I thought this was a "dem dam furriners" thread.

[OhioChick]

18. It's astonishing luck that my kids' test scores were better than the other instructors'....

Amazing how many claim to be the best of the best on the "internets."

No.....YOU are the ONLY one bringing up "dem dam furriners" on every post. Always pulling that race card.

Maybe you should brush up on your spelling skills.....

[BlooInBloo]

19. lolz! Indeed.

EDIT: Ok - I'll bite on the silliness one more time. I claimed that my kids' performance was better than the performance of the other instructors' kids (typically 3 other instructors). You quoted this claim.

And then somehow you blow it up into my claiming that I was better than everyone on the internet? How exactly did I make that claim?

And the "race card" business is just precious too, btw.

[ChromeFoundry]

20. RE:

Why are we talking about my teaching success anyway? I thought this was a "dem dam furriners" thread.

You are the one that brought your line of work into the thread.
It was you that claimed that you would be offered a job by walking out into the street tomorrow.
You want to believe everything is a '"dem dam furriners" thread'

You are more predictable than gravity. Get over yourself.

[BlooInBloo]

21. But teaching isn't my line of work.

EDIT: And nothing I've said in these "dem dam furriners" threads would make sense in the least if it were. You guys are weird.

[Skittles]

22. PUT RIDICULOUS FUCKTARDS ON IGNORE

YES INDEED

[OhioChick]

23. BEST POST YET!!!!

:fistbump:

[ChromeFoundry]

24. But it is so much fun to feed a Lemming caffeine!

...and besides, there isn't anything more entertaining on TV.

[Skittles]

25. some trolls are entertaining

this one is a total dick

[OhioChick]

26. So I've heard. n/t

[ChromeFoundry]

27. LOL

:rofl:

[ihavenobias]

16. Sadly, far too many of us are bracing for layoffs.

:(

[1776Forever]

31. None of us old timers are surprised at this-it has been years in the making - Don't forget Mexico..

From ITBusiness Source: Straight to the Source:

Indian Outsourcers Moving into Mexico

Posted by Ann All on September 17, 2007

http://www.itbusinessedge.com/blogs/sts/?p=216

In the post-NAFTA world, Mexico has pitched itself to American companies and business associations as a logical outsourcing alternative to more distant locations like India and China, stressing its close cultural as well as geographic proximity.

It appears that not only U.S. companies but also Indian outsourcing providers have been listening. As PCWorld reports, Wipro is opening a software development facility in Monterrey, Mexico that is expected to employ 100 people. Infosys Technologies just established a similar facility, which will able to accommodate up to 250 engineers in a single shift. (Wipro is also boosting its presence within U.S.borders, with a plan to employ up to 1,000 workers at a development center in metro Atlanta over the next three years.)

In addition to providing nearshore services to the U.S. and Canada, such facilities can help Indian firms go after growing business opportunities in Latin America, the PCWorld article points out.

Reinforcing the ties between Mexico and India, Mexican President Felipe Calderon recently paid a visit to India, hoping to convince more of its firms to consider locating operations in his country. During Calderon’s visit, government officials agreed to a goal of more than doubling trade between the two countries, to $5 billion by 2010, according to an Associated Press report on newsvine.com.

AND -Examples of Maquiladoras (a factory that imports materials and equipment on a duty-free and tariff-free basis for assembly or manufacturing and then re-exports the assembled product, usually back to the originating country) in Mexico:

http://www.corpwatch.org/article.php?id=1528

* 3 Day Blinds
* 20th Century Plastics
* Acer Peripherals
* Bali Company, Inc.
* Bayer Corp./Medsep
* BMW
* Canon Business Machines
* Casio Manufacturing
* Chrysler
* Daewoo
* Eastman Kodak/Verbatim
* Eberhard-Faber
* Eli Lilly Corporation
* Ericsson
* Fisher Price
* Ford
* Foster Grant Corporation
* General Electric Company
* JVC
* GM
* Hasbro
* Hewlett Packard
* Hitachi Home Electronics
* Honda
* Honeywell, Inc.
* Hughes Aircraft
* Hyundai Precision America
* IBM
* Matsushita
* Mattel
* Maxell Corporation
* Mercedes Benz
* Mitsubishi Electronics Corp.
* Motorola
* Nissan
* Philips
* Pioneer Speakers
* Samsonite Corporation
* Samsung
* Sanyo North America
* Sony Electronics
* Tiffany
* Toshiba
* VW
* Xerox
* Zenith