France's Atos Boosts US Presence With $3.4 Billion Syntel Acquisition (reuters.com) 22
French IT services company Atos is boosting its North American operations with a $3.4 billion cash deal to buy Michigan-based IT services provider Syntel. From a report: Atos, which provides IT services to sectors ranging from aerospace to retail, said the deal, announced Sunday, to buy Syntel will strengthen its activities in banking, finance and insurance and allow it to provide complete IT solutions to its U.S. customers. "[The deal] will significantly enhance [the Business & Platform Solutions Division's] growth and profitability profile through an extended digital services offering, cutting-edge India-based delivery platforms, as well as revenue and cost synergies," Atos Chief Executive Thierry Breton said in a statement.
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They also do bad software and failed projects!
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They also do bad software and failed projects!
They should feel right at home here then.
Atos Incompetence (Score:5, Interesting)
I work for Atos. My company was also acquired by them. It has been nothing short of horrible, and this is years into the takeover. You will face extreme layoffs, budget reductions, no raises, and just a general feeling of incompetence and wonder for a company with so much money. Syntel employees: run. Iâ(TM)m not kidding. Get out now.
I worked for a French company too (Score:4, Insightful)
I work for Atos. My company was also acquired by them. It has been nothing short of horrible, and this is years into the takeover. You will face extreme layoffs, budget reductions, no raises, and just a general feeling of incompetence and wonder for a company with so much money. Syntel employees: run. Iâ(TM)m not kidding. Get out now.
I worked for a French company too on a previous job here in the USA. I refuse to name them because few of heard of them and even years later I've still got grudges against them. Best thing I can do to them is to never mention their name so people in the USA continue to never hear of them.
I do like the French people in general and I would say that the company probably had the best benefits I've ever had in the industry. On the downside, the French are control freaks like you can't even imagine. No matter what Syntel is doing, it's only a matter of time before French management decides to do things differently. Even if it makes no sense, it won't matter because I can assure Syntel employees that nobody in Atos will respect them or what they have done and will believe that once Atos starts taking a bigger role in day to day activities, things will only get better. Additionally they don't like American employees because they don't get paid slave wages, so look for Atos to either try to ramp up H1B hiring big time (if they can - not sure under the current administration how effective that plan is) or start moving jobs off shore to cheaper locations who also speak English. If you read this and you work for Syntel, you need to get your resume ready. You may need it. If you can speak French fluently, it can buy you some time, but even a completely fluent speaker I worked with (she was American, but born in the USA to immigrant French parents who taught her the language) got laid off about 3 years after they came for me and my department. If Syntel has any French citizens there, they'll do OK. The French do look out for their own. And in my former company they pretty much kept everybody who wasn't born in the USA, even if they weren't French citizens. So look forward to a lot of unspoken anti-American prejudice towards those of you who try to stay who actually are Americans. Once the layoffs start, you'll need to be prepared to hit the ground pretty quickly. Most of the people laid off where I worked got zero notice.
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Re:Atos Incompetence (Score:4, Informative)
You will face extreme layoffs, budget reductions, no raises, and just a general feeling of incompetence and wonder for a company with so much money.
In an acquisition like this one, the purchaser is not buying the company for the employees . . . it is buying the company for its existing customer base.
Despite what they may say publicly, the existing employees are excess baggage and costs that need to be cut, to finance the costs of the purchase.
Second that... (Score:2)
One example of their incompetence
https://www.manchestereveningn... [manchester...news.co.uk]
I fart in your general direction! (Score:3, Funny)
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Oh hell no! Captcha: swallows I shit you not! :-D
African or European?
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18k out of 23k employees are India based. Atos is buying the contracts AND the outsourcing, nor preparing for it. I foresee a layoff of at-most 300 US-based employees and it should not impact the Indian employees.