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Wednesday, January 23, 2008

IBM reveals its ugly underbelly

Back in 2006, IBM had responded to a lawsuit accusing it of withholding overtime (OT) of its employees by agreeing to pay them $65 million. Now it wants to make that up by shaving off 15% base pay of those employees.

It’s a constant outcry from clients that Indian IT outsourcing vendors charge very high margins even as IBM and others make do with far less. If this is how they do it, it’s pretty ugly.

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