This thread is for info about potential Syntel layoffs? Any chatter, news or rumors?

Any opinions? Discuss it here?

Do you know there is a plan to grow headcount, how many employees currently work here? How about the HQ at Troy?

Is this going to be an interesting year as it relates to Syntel Layoffs in 2019?

Now ATOS shares also tanks to 50% after buying Syntel

let's talk about it

Here’s the update on the sellout to Atos. According to the official press release from Atos, Syntel’s shareholders approved the deal. Of course, this doesn't come as a big surprise, and it’s not like we didn’t have time to prepare for it, but the... — read more 

HR and services fast getting emptied due to massive layoff

many VPs mostly veterans and long timers have been asked to leave

layoff resuming soon as deal ? with ATOS on verge of collapse.

hiring drive beig conducted for non existent roles outisder resumes shared with ATOS(after excluding contact details and tweaking names )

ATOS has serious doubts on quality of management team in syntel - focus on how to make them get out

Investors are giving a thumbs down to Atos post it's Syntel buy out plans. Syntel was a struggling company on huge debt.. unable to pay decent salary to it's blue eyed techies. Syntel gave $15 a share divident to it's shareholders in an apparent bid... — read more 

Syntel employees- pay is guaranteed for one year, but your job is not - layoff is for certain. 70% managers re-designated as consultants are likely to be given marching orders

deal could end up in court as accounting maniplation used to boost profit margin

syntel to prune head count to 15000 in next six months time

Min 25% work force to laid off to absorb the high acquisition cost 40% excess employees in syntel due to reckless campus hiring of dud candidates who talk a lot but cant code or design.

DO you think that they will move quickly and reduce headcount in the back office? Finance, procurement, HR? I think HR is to get hit first as we will be getting Atos' benefits and HR PRocesses but I am not sure what other areas will be impacted the... — read more 

https://www.wsj.com/articles/frances-atos-nears-deal-to-acquire-syntel-for-up-to-4-billion-1532258210

campus hires picked and trained by syntel found to be unfit or programming roles, last 7 years all fresher hiring done from maharashtra, gujarat and madhya prdesh and little from punjab and delhi too.....

skill gained here are useless in job market - 3 years exp freshers conclude they entered wrong place and put their career at risk

even below average lateral not joining syntel - only one person joining out of 250 offers released.... many clients started giving serious warning on lack of staff stability and sub standard campus hires speaking hindi and clueless when asked to... — read more 

fake gloominess created in work environment to exploit staff thro fear mongering and lowering expectations imposing harsh working conditions. Soon this will back fire

syntel shining share zooming....where was the profit and revenue hiding.. great performance using third rate managers and staff

amex client partner looking for experts in cards and payment - hire and sabotage career after being in cards and payment domain for over 10-15 years, not single expert available internally that shows how bad the middle and upper middle management ... — read more 

when rikesh brought in 3 or 4 supposedly top sales team a few years ago. Where are the big deals the sales VP was supposed to make? There are no large deals at this company at all -no announcements and are so happy with such mild and below market... — read more 

third rate employee work in third rate firms -( 25% variable payout if you are not quitting syntel then u are confirming that you are third rate employee in he right place, paid right salary..... real techies quit and move to better and dummy folks... — read more 

Friends of Bharat. No wonder this company is stuck in failure, and can't win meaningful new business 27.

Variable pay only 30 %. Khanna is eating the money of all employees and providing to his chamchas. Big attrion is on card. People will leave this company. No one new is joining this company. DD, vp will die now of their own

savings made from variable pay and hike avoidance used to pay incentives to DM, DD and VP. more they save by firing seniors and manipulating performance the more they stand to gain in the slowing down market

layoff restarts in chennai 5 leads asked to leave

Expected variable pay of 55% only. Because of market bad outside for syntel not others. So be careful

Syntel is doing great. The stock keeps rising. You can make your own hours in Arizona. Can go out every night and start when you want. Been there 3 years easy job with great pay! Started out of college and can still party when I want. I love this... — read more 

Results are getting worse by quarter.. The current ceeeo also couldn't do much.. Time to review his performance.. And put him on bench.. Hey what about our lazy sales team. Did they get any peanuts size deals yet.

Current Q4 results reviles the thought process of higher management, that they are not thinking more on Employee engagement .. it seems the unsatisfied senior technical employee attrition rate is constantly above 20% from last quarters and still... — read more 

dont waste time uploading profile in MITR , it is fake , for last 7 years no one has been hired thro mitr referrals, HR and recruitment folks make money by using he database and selling the resumes database to outside consultants. Dont refer good... — read more 

Why so many vacancy now, have they got some treasures of projects? First you remove people and then you hire. It's all a racket going on.

If there are any options for buyout of Syntel then it will be good. Current forecasts look bad.

PDAC, HR, DM are all idiots in the same boat. All portray corrupt, illogical practices.

Get some good deals you lazy sales people. What about your Syntel perspective sales meet, 1-2-3 . You are just acting like back benchers in school, failing each and every quarter. If you have any shame left, go out and get good deals.