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  Canada Immigration Forum > General > Our Native Country! > Satyam may lay off over 12,000 employees
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Satyam may lay off over 12,000 employees




My god. The Rajus created the monster and others have to face the fire. Hope they find jobs soon.

KM


Satyam Computer Services, which is now controlled by Tech Mahindra, is planning to lay off 12,000 to 14,000 employees.

Sources said that the new management made a formal announcement before senior management personnel on Thursday on the issue of reducing manpower by up to 14,000 people.

Satyam currently has just over 40,000 employees, of which 19,000 are ‘billing employees,’ while just over 20,000 are ‘non-billing’ staff. Almost everyone currently on the ‘bench’ is in danger of losing employment at Satyam, a source said.

http://buzzingstock.in/market-news/satyam-layoff-satyam-may-lay-off-over-12000-employees/


 
KumarM

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Member since: Jan 09
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Post ID: 143591 15-05-09 13:26:25
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DesiBabu70
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Member since: Feb 04




Posts: 213
Location: St. Catherines ON


Quote:
Originally posted by KumarM
Satyam Computer Services, which is now controlled by Tech Mahindra, is planning to lay off 12,000 to 14,000 employees.

Satyam currently has just over 40,000 employees, of which 19,000 are ‘billing employees,’ while just over 20,000 are ‘non-billing’ staff. Almost everyone currently on the ‘bench’ is in danger of losing employment at Satyam, a source said.

Does this mean only about 5,000 of their employees are currently billing?
Wow, that's like 75% bench.


 
Post ID: 143594 15-05-09 14:13:06
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blorean
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Member since: Apr 08




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That's great news. Didn't we all need the "dust to settle"? As for the employees that will get laid off, there are a zillion companies waiting in line hungry for the client accounts who will absorb some of these resources. My company opened a branch in Hyderabad just to get 2 of the biggest accounts Satyam had and kept their employees.
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If you have a gun, you can rob a bank.
If you have a bank, you can rob everyone.
- Bill Maher

 
Last edited by: blorean on 15-05-09 21:51:34
Post ID: 143610 15-05-09 21:51:02
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