Tuesday, September 30, 2008

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Satyam firing - in what a Style!

Forwarded by Venkat
Satyam computers is laying off its employees in a unique style.Though many walkins are being held to recruit freshers, its all hype to show that they have projects.Also they are getting 2 lakh of deposit money per each fresher.Even then huge number of freshers who are in pipeline to join are told to search jobs for
themselves.One is in as long as the project is in progress. Once completed the person is out,reason cited is ,the company is badly suffering from dearth of projects due to the Upaid case. On 22nd September,there is axeing of employees at Satyam’s Chennai centre,and a week ago quite good number of them are laid off at
their Hyderabad centre.The reason as told by the HR department is the company can’t bear the expenditure of employees as there are no projects and its not issue of performance as told to the outside world.And the ones retrenched are replaced by freshers who bring in 2 lakh per head.To the outside world the axed employees are told as having been kept under performance scanner while the main reason here is the financial position of the company.

While this being the case,Satyam’s exit process can be said to bit better than Wipro’s process.While at Wipro the laid off people are told by watchman itself not to come, Satyam people allow them atleast to enter the campus.But everything comes to you as sudden shock.This is just the tip of an iceberg.


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