Loss-making Reader’s Digest Association Inc has signed a cost-cutting oriented $350 million, seven-year IT outsourcing agreement with India’s HCL Technologies.
The agreement is supposed to cover Readerâ€™s Digest Association’s entire IT landscape, spanning the gamut from infrastructure to applications.
IT Support from Coolie Nations
From low wage nations like India and Poland, HCL Technologies will provide IT support to Reader’s Digest Association’s operations across 45 countries and 14 languages covering North America, Latin America, Central and Western Europe and Asia Pacific.
The resulting IT service will be staffed by a combination of HCL Technologies’ on-site staff (more H1Bs?) and remote support, current Reader’s Digest Association IT employees and its IT personnel who are joining HCL.
Reader’s Digest Association’s Senior VP for Global Operations, IT and Business Redesign Albert L. Perruzza boasted thatÂ the deal with HCL Technologies would yield significant savings and bolster the company’s IT capabilities.
We expect to see dramatic reductions in our total IT costs.
Scope of Betrayal
The scope of the agreement is said to include applications developmentÂ and infrastructure support across Oracle Universe, Open Technologies and Mainframe; and Infrastructure support for network, security, storage, end-user computing, Wintel and Unix server management.
HCL Technologies will update IT legacy assets, rebuild and migrate Reader’s Digest Association’s mainframe environment in its New Jersey Data Center and implement a new tools framework to provide business-aligned, unified, real-time visibility into the health of the IT environment.
Lost its Way
Back in the old days, we were diligent readers of the Reader’s Digest. But over the years, the magazine lost its way and its cachet as well.
Today, we wouldn’t want to dirty our bottoms with pages from the Reader’s Digest. Plain junk.
Besides the eponymous magazine, the Reader’s Digest Association publishes a host of other magazines and books.
Layoffs and Losses
In January, Reader’s Digest Association announced plans to fire 8% of its staff citing a drop in consumer spending and magazine advertising.
The company reported a loss of $34.1 million on revenues of $642 million in its fiscal second quarter ended December 31, 2008.
Hi Mr.Expired Coolie! It looks you were not able to compete with other coolies in the job market! and now shitting at home and bull shitting all coolies!
Ah, you are back again. When did they let you out of the cage.
We don’t know about you but we are against outsourcing of the best jobs in America to other nations. How will our country survive and pull out of this economic slump if our best jobs keep going to the coolies in India or the coolies from India (i.e. H1B Visa holders).
Didn’t you read the post completely…the Reader’s Digest guy is gloating about the ‘dramatic reductions in our total IT costs.’
Kiddo, get this straight. There would not be any outsourcing but for the coolie wages outside America. Comprende.
Before jumping like a red-bottomed monkey in heat, remember that in India, the poor Biharis face a hard time when they come to Mumbai for low-wage jobs.
Please learn how write a critique…not abusing someone.
I like the writing style though…
1. Your above link is the review of the film’s music…it’s not a film review.
2. You write: Please learn how write a critique…not abusing someone
Should the day come when we have to rely on advice from semi-literate baboons like you, we’ll hang up our shingles or fire some lead into our mouth.
yess!!! very good!
this is bad ….Reader’s Digest’s days are anyway numbered …..i dont hear that being read in India anymore ….nor do I find it in Libraries …..
HCL should also look for alternative Business
When we were growing up in India, Reader’s Digest used to be the most popular foreign magazine (but printed in India).
It had a fairly decent resale value too in the second-hand book stores.
Khushwant Singh’s son Rahul Singh used to be the Editor then for the Indian edition.
Kudos to HCL, mmm looks like americans are still sleeping, their (paid through nose) tax money was used to revive economic slow down and see now who is going to eat the fruits …. hey dumb americans its time to wake up….
One of these days, they (we) are going to outsource the Presidency to the Chinese considering all the money we owe them.
Paying out $50 Million per annum on outsourcing isnâ€™t a bad idea, itâ€™s a WIN-WIN situation man! for both USA and India – which are reeling under recession. (BTW, I am not a HCL Tech. employee)
Look at it this way, If this company (or any other Company for that matter) can manage to stay afloat with (1) dramatic reduction in IT Costs – by outsourcing and (2) the planned 8% reduction in staff – it will at least keep the rest of the 92% staff employed and also generate annually about $2.5 Billion in revenue – to help in a minuscule way to revive the economy.
Conversely if they donâ€™t outsource (to coolies abroad as you like to call them ) and eventually go burst – the entire 100% would be on the streets!
Outsourcing is anytime better than asking for billions in bailout money and then paying millions as bonuses to the inept CEOs.
1. You write above: Paying out $50 Million per annum on outsourcing isnâ€™t a bad idea, itâ€™s a WIN-WIN situation man! for both USA and India – which are reeling under recession. (BTW, I am not a HCL Tech. employee)
Try spinning this yarn to the thousands of IT workers who have lost their jobs in the U.S. over the last decade or so. We know of white American IT workers who were unemployed for years.
Globalization (euphemism for outsourcing) is a panacea only for the coolie nations.
2. Outsourcing does not save a company’s other workers as you believe (when you talk about saving the remaining 92% of workers).
Outsourcing is merely a cheap trick deployed by greedy corporations and bandit CEOs to cut costs and take home more pay and bonuses.
3. You write bove: Outsourcing is anytime better than asking for billions in bailout money and then paying millions as bonuses to the inept CEOs.
Outsourcing, bailout, multi-million dollar salary and tens of millions in bonuses and stock options are all part of the same ugly package.
thiruttu [trash talk] payya coolie india va
pinna nee endha [trash talk] anga poi settle aana
settle aanavan [trash talk] irukka vendiyadhu thaane
nee ennada indiava pathi comment panra
maanam ketta naaye!!!!!
anga unnaye sori naaya paakara madhiri thaan paapanuga
East or west India is the best
Rock on India!!!!!
1. Stick to English. This is not a Tamil blog.
2. You write: East or west India is the best
Rock on India!!!!!
Read the 15 posts in Incredible India. More coming soon.
pongada indha web site bore adikkuthu unna thitti thitti en vayee thaan valikudhu
nee sathiyama thirunthamatta unnaku [Trash Talk]!!!!!
vellakaran [Trash Talk] iruku
India Shining !!!!!
Mera Bharat Mahan.
Stick to English in future, schmuck.
te to use trash talk but in your case Iâ€™ll use for sure [Trash Talk].
You have no right to call any one collie
Here the collies work 12 hrs to keep the white arses running
I work for along with those white arses IT shits you are talking about. always on break say them to wipe the dirt out of their asses properly then the economy will boon. Breads wonâ€™t come and fall as long as you toil some grey matter which those guys are not willing to do.
My final word as you called me and my brothersâ€™ collie
1. But for the coolie wages, there’d be no outsourcing. Get that into your thick head, numbskull.
You spell collie for coolie.
Guess you are both a Coolie and a Collie but a schmuck like you wouldn’t know the difference between the two words.
2. Have you ever tried reading what you write? Total Junk.
Bet your coding is like your writing…no wonder software is so buggy these days.
why did u write idiotic reviews?.. wat bothers if readers digest outsources its job to indians… wat’s going to affect u.. u r happily [trash talk] in front of ur PC and write some nonsensical trashes …. wat more u want in life…., after all u also have ancestors in india.. in india thers a pledge saying all indians are my brothers…. dont u get to remember such things atleast once in ur life… dont rape country’s pride for the sake of the dollars ……definitely u guys are like a …
Get a life. Over the last few days, you’ve registered under at least 8 different names.
We’re not happy about American jobs being outsourced to India, China or other places.
We’ve made it clear on countless occasions. No Trash Talk here.
To show that we mean business, we are deleting your registration. Now, go play with your dolls. You mental age is suited only for such activities.
SI – I totally agree with your opinion about outsourcing and love your snarky comments.
The hype about India’s prowess regarding IT is totally absurd. They do have SOME great talent, no doubt, but I worked at a huge financial services firm in Boston with some offshore projects and the quality of programming was pitiful. No innovation or creativity whatsoever. We had to redo much of it.
We’ve watched many Indian software companies at close quarters. Most of them are mediocre.
Right time and the right place – that’s all they have/had going for them.
Also, don’t forget the crooks.