Fraud-hit Satyam Computer Services is having serious second thoughts on thousands of campus recruits to whom it had made job offers. It has put off plans to add them on its rolls and added a big if on whether they are wanted at all.
These recruits were given offer letters to join the company before March 2009, but are now being told that Satyam may not even need them, though there is no clear official communication on this.
Satyam, now hit by a double whammy of its internal fraud and adverse market conditions, had last year announced its plans to hire a total of about 10,000 people in 2008/09, with around 60 per cent from the campus. Company officials did not disclose how many received job offers.
“In the current scenario, we are reviewing our business opportunities and competency building across industry verticals and competency units to establish our talent building requirements for the future. We currently don’t plan to on –board entry-level talents in the month of March. We plan to communicate appropriately as soon as we finalise our plans in the future,” Satyam said in an e-mail response to queries from Hindustan Times.
However, a company spokeswoman told HT that Satyam’s global human resources head S.V. Krishnan recently told a few students who had received offer letters and had turned up at its Hyderabad campus that the company will get in touch with selected candidates once there is a clear future direction and “if there is a need for people” – putting a big question mark over their hiring.