From the news that gripped the market few days back about satyam going to fire 7500 to 8000 non-billable staff, the nightmare of many of the employees sees the harsh reality being forced upon them.
it is said that “Rome was not build in a day”. True, very true. Satyam has spend many years after Y2K problem, working hard to reach at 4th position in the Indian IT industry. but king’s vision got lost somewhere and all that make the empire destroyed in minutes (Raju’s letter to board).
Satyam Computer Services, which is now backed by Tech Mahindra is all set to sack 7500 to 8000 ‘non-billing’ staff.
The first phase of layoffs has started at Satyam Computer Services with trainers, HR and sales and marketing executives being asked to leave by Tech Mahindra, Satyam’s new owner, reports Indian Financial Express.
“The first phase of layoffs has started. In the second phase, employees who have been on the bench for less than three months would go away. Some senior executives on the bench are being offered almost 50 percent of their salary or an option to go on a sabbatical. Several benched senior executives have moved out. However, the initial targets are non-engineers in non-IT departments,” said an official source without disclosing the number of employees on the bench who have been asked to leave. » Read more: Layoffs begin at Satyam
