By the end of the calendar year only 10% INFY rebadgers remaining. INFY reduces rebadged personnel. INFY reduces bench staff stay to 45 days from 90 days thus circumventing last quarterly payments. Sadly, INFY rebadgers to be unemployment. INFY shifting workload to offshore. Thank you very much, S, V, P, and K for increasing the US unemployment rate. And during the pandemic good time to search for a new IT job.
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this board has become ranting place for contractors and managers who are missing out on their kickbacks.
Also things that VZ won’t tell the minions is they see cutting their pay rates for services which means if Infosys doesn’t do it with cheaper labor, they end up losing money. Again signed this from infosys really didn’t do their homework and the hatchet man won’t pay for IT. VZ did this in a very coy way and can wash their hands of blame while Infosys has to relay the bad news month after month.
VZ wants it all offshored, period. They aren’t paying. Infy will replace with lower workers, projects will have defects, VZ won’t pay and the cycle continues as VZ in their own mind has an acceptable number of issues in their own mind that the business clients will live with. They passed their zero based budgeting nonsense to someone else instead of making monthly reductions based on capacity and demand themselves. Their problem is now Infosys problem and shame on the id–ts who signed the contract.
@2qgt+16A6PIJF:
pro-infy, lowest bid submitted. let me tell you that the adm projects, the red states where hurricanes levy damages, are going to be reduced down to 10% onshore of rebadgers. moving offshore is not an option for rebadgers who are permanent residents and not temp visa holders. infy increases their margins by retaining the lowest level grade employees, i.e., college hires, employing temp visa holders and/or moving these jobs offshore. i dont know of any rebadgers retained that are the equivalent of senior personnel. by the way, things change, it is 10% by the end of this calendar year. reducing bench stay to 45 days cancels the t-giving turkey month-end bridge payment which is solely available for the vz account. there is no basic math error – this does compute.
This excerpt from a 2 year old Forbes.com article (Is Verizon's Voluntary Separation Program An Attempt To Layoff An Older Generation Of Workers?) gives an accurate depiction of GTS today:
In light of the outsourcing and voluntary separation plan, the remaining employees will be worried about what’s next. It's reasonable for them to think about whether their jobs will be moved to India, other lower-cost locations or eliminated in future downsizings. This doesn’t make it a pleasant and productive work environment to foster enthusiasm and innovation. Employees will have one foot out the door as they face an uncertain future with the company.
I’m not an Infosys shill but the post is terribly misleading. 10% is the planned onshore mix. It was never 100%. It started around 30+% ratio with some groups higher and some lower. 20% for 2020 and then 10% by 2021. To say 10% rebadged remaining is just flat out nonsense and a failure of basic math. A large amount of people released from the project have gone to other projects. Nobody has lost their bridge payment. Verizon isn’t paying and between them and Infosys that lowballed the contract there can be blame pointed at both sides. People should be looking ahead of the curve though and making sure their skills are up to date. Covid hasn’t helped the situation. 2021 will see an increase in budgets but Verizon GTS is a dying future no matter what side of the fence you’re on.
INFY, is Infosys Limited headquartered in Bangalore, India, which support VZ IT Services, where all of their IT contracts are the lowest bid, "ever," in the history of mankind.
What is an INFY? I never heard of it.
Get your financial affairs in order, pay down debt, save as much as possible pre-tax, upgrade your skills.
What is sad is vivid sold Verizon and employees a horrible deal
Shankar sat there and $hit himself thinking he was transforming
And Kyle is sleep and and has no clue of IT
And the VPs get bigger in numbers while the people who do to work shrink
headed over a cliff? They crested a couple years ago & have been in freefall since.
Verizon is headed over a cliff
Survivors, ADM task orders, with lower level positions will have jobs. VZ not paying for additional ADM work. VZ not adding SOW work.
more like "survival of the luckiest"
Ouch....
Need to be marketable and triage the needed skills set. VZ is not waiting for you. INFY paid you for your services. You served your purpose. Thus, the "survival of the fittest" and that is how it works.