I have no doubt that Syntel now is in survival mode. Employees are least of the concern for the company right now. I got the confirmation when couple of 15+ years Syntel resources where asked to leave US the day after the project end date. My only advice to everyone is that this is not the time to be optimistic, be smart and try to find something better for yourself.
This was long due, if you have a group of leaders who reached top position just by working x numbers of years and by political favor, then the quality was supposed to go down south without any doubt! I know leaders who can't talk properly!!
Don't trust your Syntel leaders, they are fooling you. There are only handful of leaders who are capable but unfortunately it takes much more than that.
Again, don't wait for there call and be proactive. Good luck!