With the U.S. economy in complete meltdown, the party is over for Indian outsourcing firms like Tata Consultancy Services, Wipro, Infosys, Polaris, Satyam et al.
Some Indian software firms like TCS have already reported delays in orders from their top clients.
U.S. financial services firms that have taken a severe beating and borne the brunt of the recent carnage on Wall Street are among the major clients for several Indian software houses.
The big question now is when will Indian firms – that staffed up in the go-go days of hyper growth – start laying off employees, Continue reading »
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