New Delhi, Aug. 11 -- The news of India's IT bellwether shedding a few thousand jobs has been in the headlines for a few days now. The intelligentsia have proposed several explanatory theories and counter-theories. Inflamed LinkedIn warriors have opined on what the company should have done or should do now, along with the mandatory ten things to learn from this episode.

Apart from feeling sorry for his salaried brethren who have lost their jobs, Bertie did not think much about this news. After all, the lost jobs amounted to about 2% of the overall workforce; a number that the company, in usual course of business, would be attriting in less than two months. But what surprised Bertie were the obituaries of Indian IT services business model...