Ten years ago Raghav Rao went to the United States to live the American Dream. Armed with a degree, the young man from Andhra Pradesh landed himself with a great job with a software biggie in New Jersey. The company was Satyam.
Everything was going good for Rao. Not even the recent economic downturn had any impact on his prospects. But last Wednesday everything changed. The company he works for is now in tatters. But is Rao in denial? “It’s the best company and will keep moving that way,” he said the day his mentor, Satyam boss B. Ramalinga Raju was arrested in faraway Hyderabad.
Many other Satyam techies across the world are now turning their disbelief into anger and frustration.
"Why are you bothered about our salaries? We’ll get them. And even if we don’t, will you give us salaries?” shot back Pradeep, a Satyam employee in Hyderabad.
A large number of the 53,000 Satyam workers have already posted their resumes on various job portals. “We have received mails assuring us of the company’s fundamentals and urging us not to believe in rumours like us not getting salaries. We’ve also been assured that our clients are still with us,” said Mahesh Amudala of Satyam in Chennai.
Is that living in denial? Or is it living to fight another day?