Satyam Layoff: 10,000 employees?

Kaustubh
Member • Jan 8, 2009

Satyam Layoff: 10,000 employees?

Okay, here's the news I knew would come out. Post the biggest corporate fraud in India, there are predictions that Satyam computers may lay off 10,000 of its employees. Satyam currently employees about 53,000 people across its offices throughout the world.

Can anyone confirm the news? Insider stories are welcome. If the layoffs happen, what could be the alternate plan for the laid off employees?

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sauravgoswami

Member • Jan 8, 2009

Well they sure will do as they had suffered losses,I think those 10000 employees will be absorbed as they have the satyam tag,I would have appreciated if they had made salary cuts but not job cuts!!!

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Mayur Pathak

Member • Jan 8, 2009

In another few weeks, if the company is not bailed out... entire Satyam might be laid off 😀

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Kaustubh Katdare

Administrator • Jan 8, 2009

mayurpathak
In another few weeks, if the company is not bailed out... entire Satyam might be laid off 😀

I am very sure you didn't want to insert that smiley at the end.

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Mayur Pathak

Member • Jan 8, 2009

The_Big_K
I am very sure you didn't want to insert that smiley at the end.
There was no option for a sarcastic smile, the way we have in Skype. I'm actually worried about the 50k employees there. 😒

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Differential

Member • Jan 8, 2009

The situation is worse because recession is going on! Had there been a boom in IT, laid off employees would have been easily absorbed. Now, it seems tough ! :-(

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Ashraf HZ

Member • Jan 8, 2009

Recession IS the main prime mover for layoffs around the world 😔

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sauravgoswami

Member • Jan 8, 2009

look at the positives guys,this recession is also spilling the beans out of the can,its true many poeple had to suffer but am sure after the recession every industry will bloom and once again everything will be back to normalcy...

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Ashraf HZ

Member • Jan 8, 2009

.. and after the that, there will be recession again 😉

That is how the economic system works, I'm afraid. I wonder if you put Control Engineers in charge, you wont have much oscillations. Feedback responses would be instantaneous 😛

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kamskans

Member • Jan 9, 2009

I'm actually worried about the 11000 freshers in satyam who are almost certainly not going to set foot in their company. They are the real sorry story because since June they have been led to believe that they will be called soon and now after 7 months and almost 200 days of waiting they don't have a job. More so they are not freshers anymore so its all the more difficult to find another job.

One mans greed has spoiled the lives of many budding engineers. 😔

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eduwiz

Member • Jan 9, 2009

Many of my friends were about to join Satyam as a part of their placements . Now they all have to find an alternate solution .

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aashima

Member • Jan 10, 2009

As is being told, employees and investors are the prime concern. Satyam's employee force costs it around 500 crores every month. There isn't any confirmed news on the layoff though the salaries of all the employees have been pulled back for two months. This will help Satyam recover a loss of around 1k crore and may help in getting things straight.

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charumathi

Member • Jan 11, 2009

kamskans
I'm actually worried about the 11000 freshers in satyam who are almost certainly not going to set foot in their company. They are the real sorry story because since June they have been led to believe that they will be called soon and now after 7 months and almost 200 days of waiting they don't have a job. More so they are not freshers anymore so its all the more difficult to find another job.

One mans greed has spoiled the lives of many budding engineers. 😔
what you have said is true.....its really a bad time for those people..

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sauravgoswami

Member • Jan 11, 2009

Its true that freshers had to suffer since most of IT cos have froze their appointments,anyhow but there is still hope they are still fresh and can look upto other sectors especially Power,FMCG and Pharmacueticals even banking is going strong and each of this sector require all kind of engineers!!!

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Mazerman

Member • Jan 15, 2009

True, its just the greed. I got to know from some of my friends working there that people are being laid off though its happening in the most clandestine way. Also that the employees are being forced to resign themselves...Here seems to be some good initiative by a bunch of people...i think each of us who are really concerned about the 53K employees at Satyam should go ahead and sign this petition.
Info:-
<a href="https://forit.in/" target="_blank" rel="nofollow noopener noreferrer">Forum of IT Professionals</a>

Sign Petition here:-
#-Link-Snipped-#

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Neha

Member • Jan 15, 2009

There aren't much welcoming doors for Satyam employees(if they are being laid-off) as most of the companies haven't yet been able to call upon their freshly appointed employees due to recession.
One possibility might be a white knight appearing for Satyam, or Satyam takeover by some other company which is hard considering the present global meltdown.
Though I don't think, a-Satyam-tag will effect employee's career adversely.

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