The speculations about Satyam Computer layoff is not going to die soon. It is clear that the company is in bad condition despite the fact that it is now under new management and new owner- Tech Mahindra Ltd. In Bloomberg, I could find this report: Satyam Computer Considers Eliminating 8,000 Jobs. Well, it may or may not happen in June but it is clear some workers will lose jobs in the company in the next few weeks. One of the main reasons behind this kind of layoff is that Satyam is losing some very big clients in Europe and
I wish that the new owner took the company more seriously. After all, the fate of many workers is related to it. Secondly, many people have bought shares of the company. The shares of Satyam have lost value significantly in the last 5 months. If these layoffs take place then you can be sure that the shares will go down even further.
whether they call the recruited students now. if not when ?what decision they took regarding the freshers
ReplyDeleteFreshers try not to join satyam right now. Explore new opportunities
ReplyDeleteWhat if the new board has to choose between employees or shareholders? Shareholders, Bankers, Debtors, Customers and Last but not the least Employees.
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