Satyam likely to lay off

May 25th, 2009  | Published in Business and Finance








satyam Satyam likely to lay offSatyam Computer Services (SCS) is likely to sack most of its non-billable staff up to 8,000 working in marketing, HR and administration wings, after Tech Mahindra takes charge of the company from June 1.

According to the official there is no doubt that there will be large-scale sacking mostly of the support and non-billable staff (other that hardcore Software Engineers) once Tech Mahindra directors come on board from June 1.

The surplus staff is reported to be about 10,000 – 12,000 and the “least painful” ways of sacking is asking the bench, non-billable and support staff to go.

Another alternative would be if the outsourcer opts for “Virtual Pool” sacking method whereby the company would ask some of the staff to take 75 per cent of its salary and take one-year off and look for a job elsewhere with the fragile assurance that they would be recalled, if required. Satyam has already called back most of its onsite staff to avoid further costs and most of them may be asked to quit.

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