The layoffs are being done for a purpose not known to many except finance head, CEO and board members.
Yes, in spite of daily SCale positions, employees are being laid off. That's because the secret talks are going on in between syntel and a potential buyer.
Discussion on headcount is of primary importance.
That's why the layoffs are still going on.
Friends, there is enough work and revenue to keep all employees working till year end.
But this fake recession is being shown because the Buyout is taking place in the background..