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Subject:  Re: Vanguard lays off 1300 401k employees Date:  7/15/2020  3:59 PM
Author:  JamesBrown Number:  98951 of 100126

Ugh. At my company, various groups over the years would get outsourced to Infosys as a 'cost-saving' measure. Occasionally one of them would report back. Reportedly, if you found yourself at Infosys, you were expected to find another job. One person had a one-year performance review with his manager and was point-blank asked, "Why are you still here?"

"Outsourcing to Infosys" became code for "We wanna layoff people but not pay severance packages."

Naturally, due to the 'cost-savings', executives usually get performance bonuses and juiced stock-option returns.
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