Wednesday, January 21, 2009

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US insurer Cigna Corp puts Satyam on notice

The worst nightmare for Satyam Computers employees has started to unfold. Barely two days after State Farm Insurance announced its intention to terminate its contract with Satyam, US-based health insurer Cigna Corp, one of the biggest Satyam clients put the company on a three-month "notice".

This was widely interpreted by employees as a termination of the important contract and plunged the software professionals into a sense of despair. "We are alternating between hope and hopeleness in recent days. This news comes as a shock," confessed a senior Satyam manager.


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