Layoff rumor floated to trigger fear during appraisals. and increase attrition.
this also helps in giving early promotion of marathis in pune and tamils in chennai into management roles) as non locals are hounded out both in chennai and pune.
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It is going to happen - SYNTEL is going down big time. AMEX account is sinking - SYNTEL revenue is 60 % dependent on AMEX. It will happen in couple of months to 4 / 5 months.