Sunday, July 14, 2019

you get what you pay for, or in this case what you don't pay for, as an example provides, the reason boeing jets recently crashed, maybe;


Multinational retailer Walmart recently announced that it will lay off almost 600 corporate employees. According to the Business Insider, the finance and accounting jobs will be outsourced to Genpact, described as a New-York based professional services firm.

Genpact isn’t a household name. So, who are they? According to Wikipedia, Genpact originally was a business unit of GE, and then spun out as an independent company in 2005, and in 2009 did a joint venture with an Indian outsourcer. In 2012, investment firm Bain Capital (co-founded by current Utah Sen. Mitt Romney) became the company’s largest shareholder. Nallicheri Vaidyanathan Tyagarajan, known as Tiger, whose total annual compensation in 2018 was $22 million, leads Genpact and its 87,000 employees. Genpact’s corporate headquarters is listed as Bermuda, and the company has offices in 12 U.S. states.
The boilerplate copy on Bloomberg says Genpact operates globally and “designs and manages business operations to manage risk and compliance,” with a focus on “finance and procurement, financial services account servicing, claims management, regulatory affairs, and industrial asset optimization.” Elsewhere, they’ve been described as an outsourcing firm for clients such as Facebook out of Genpact’s facilities in Hyderabad, India...........https://www.theburningplatform.com/2019/07/13/walmart-anthem-boeing-et-al-you-get-what-you-pay-for/

No comments:

Post a Comment