Indian IT and the lightning bolt of layoffs5 min read . Updated: 23 May 2017, 04:52 AM IST
Leaders of Indian IT firms should see the layoffs as bolts of lightning to transform their companies into truly international competitors
I spent Thursday, 18 May, in a series of meetings with investors and fund houses in Mumbai. I find myself doing this at least once a quarter, usually at the behest of an analyst or broking firm that is eager to give its clientele an independent observer’s view into the workings of Indian information technology (IT) services firms. I usually ask that my fees be donated to a charity; in an odd way, I find that this liberates me and allows me to speak my mind without having to worry whether I am stepping on people’s toes when I express my personal views about the sector and about specific firms within it. The investors and fund houses who come to these sessions are usually looking to scratch deeper than the surface views that are available to them from the quarterly earnings announcements of IT firms and to look beyond the carefully choreographed views produced by the investor-relations departments of these firms.
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