5 ms·

nobody is freaking out. Infosys and TCS are NOT India's representative companies anymore. They are the Flipkarts and the Olacabs and Paytms now. Or even Freshde

nobody is freaking out. Infosys and TCS are NOT India's representative companies anymore. They are the Flipkarts and the Olacabs and Paytms now. Or even Freshdesk, Zoho and Helpshift. I think most people welcome the move - we have lost many good potential employees who were headhunted by outsourcing companies by showing them the American dream and then chained to the yoke in some dreadful job. The services business is not going to be affected that much - most of the work was happening onshore in India anyway. This is a delta of a billion dollars at worst. In the long run, this is going to be much better for both economies.

sudhirj 10y ago
This will be nice for the product companies, but expect salaries to go down a bit all around - all the (few) good programmers at the consulting companies no longer have their primary incentive to stay there - if they can't earn dollars any more they will start looking to the higher base salaries perks at the product companies. More competition will probably drive rates down.
bruceb 10y ago
Infosys has market cap 34b, Flipkart valuation is tumbling and now at 5b. While not as cool as startups, Infosys and TCS are still much bigger and more stable companies.
- sandGorgon 10y ago
  by that measure all other startups suck and only microsoft or yahoo/alibaba is worth anything. I'm talking about aspirational reach - a H1B+TCS is not aspirational anymore.
  - bruceb 10y ago
    No one is saying startup suck. you said: Infosys and TCS are NOT India's representative companies anymore. More executives in the US and Europe probably know the big firms than the startups. Clearly they are representative. Do younger engineers aspire to join Flipkart more than Infy, probably but that doesn't make it representative to others.
  - kamaal 10y ago
    Sorry. That companies you mentioned are cool and hip not because they are great but because VC's are currently pumping money into them through a firehose. Let the tide die. These companies aren't even a shred of dust compared to operational, financial and execution discipline of outsourcing firms. My guess is round about the next US recession most of that start up people will do anything for a job in outsourcing firms just to keep them fed and pay their bills.

sudhirj 10y ago

This will be nice for the product companies, but expect salaries to go down a bit all around - all the (few) good programmers at the consulting companies no longer have their primary incentive to stay there - if they can't earn dollars any more they will start looking to the higher base salaries perks at the product companies. More competition will probably drive rates down.

bruceb 10y ago

Infosys has market cap 34b, Flipkart valuation is tumbling and now at 5b. While not as cool as startups, Infosys and TCS are still much bigger and more stable companies.

sandGorgon 10y ago
by that measure all other startups suck and only microsoft or yahoo/alibaba is worth anything. I'm talking about aspirational reach - a H1B+TCS is not aspirational anymore.
- bruceb 10y ago
  No one is saying startup suck. you said: Infosys and TCS are NOT India's representative companies anymore. More executives in the US and Europe probably know the big firms than the startups. Clearly they are representative. Do younger engineers aspire to join Flipkart more than Infy, probably but that doesn't make it representative to others.
- kamaal 10y ago
  Sorry. That companies you mentioned are cool and hip not because they are great but because VC's are currently pumping money into them through a firehose. Let the tide die. These companies aren't even a shred of dust compared to operational, financial and execution discipline of outsourcing firms. My guess is round about the next US recession most of that start up people will do anything for a job in outsourcing firms just to keep them fed and pay their bills.