How the mighty have fallen

This is about Infosys, once considered the most employee friendly company has fired few thousand people in India on pretext of under-performance. This does not include people it fired all over the globe and others it forced to find jobs elsewhere.

I was part of Infosys a few months ago and I have been noticing the changes since 2004. Infosys prides itself on having a well oiled entry process. It is considered easier to get into Harvard as compared to Infosys. Then how is it that under-performers manage to get in. How can someone subvert the rigorous entry process?

Is it possible for a company to consistently grow profits at 30% irrespective of its size ie 10 million, 100 million or 1 billion in revenues. 29% growth in profits on ~25 to 30 % operating margin means approx 1 billion US$ in profits per year. If they are makign a billion dollars year, the salaries of 2000 Indian employees is unlikely to dent their profits significantly.

It seems Google too has reached the end of its winning streak. All we can do is hope for he best of the IT industry. A recent Dilbert comic says it all.