Satyam likely to sack 7,500-8,000 non-billable staff
Satyam Computer Services is likely to sack most of its non-billable staff of up to 8,000 working in marketing, HR and administration wings, after Tech Mahindra takes charge of the company from June 1.business Updated: May 24, 2009 21:44 IST
Satyam Computer Services is likely to sack most of its non-billable staff of up to 8,000 working in marketing, HR and administration wings, after Tech Mahindra takes charge of the company from June 1.
A Satyam official said there is no doubt that there will be large-scale sacking mostly of the support and non-billable staff (other than hardcore software engineers) once Tech Mahindra directors come on board from June 1.
The surplus staff is about 10,000-12,000 and the ‘least painful’ ways of sacking is asking the bench, non-billable and support staff to go.
The company spokesperson, when contacted, said that at the moment these are mere speculations.
Sources also said the outsourcer may opt 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.
Meanwhile, sources said Company Law Board may withdraw its board members from Satyam after June.
First Published: May 24, 2009 21:43 IST