Rumours, half baked news - this is what I read everyday in economic times. One day its TCS, next WIPRO and then Infosys. After the recent Satyam fiasco, that has managed to be a permanent fixture in the last couple of months. First it started with layoffs, then the excuses of performance based layoffs (even though this has been happening over many years and its one good way for recycling the talent in the company, the economic conditions have ensured the magnifying glass placed on this aspect) and now its the competition to honor the offer letters to candidates selected from campus. Are these 3 the only companies around? Or is this supposed to be the sampling of the industry in India? Or is this a PR game being played by pitting one against the other?
As far as I see, on the sales arena, they are up against each other for several deals....will these rumours help in securing deals? Why are not the papers looking at the industry and highlighting those aspects that will grab the attention which will lead to the betterment of the public life and standards of the economy? Like focus on the transportation issue that plagues the public life and the pressure under which they operate or the infrastructure issues of traffic, roads, etc? Maybe that is not as important and it can be fillers in a side column in the newspapers.
Me, being an insider in one of these 3 companies, can clearly see the the confusion caused by the news that is half true and the comments drawn by them. When will there be a day when i can read the papers and truly get information that will be useful rather than "masala"?