Future of Satyam computers employees and freshers

The pink slips haven't arrived yet, but the uncertainty is killingly painful for the 53,000 employees of Satyam, particularly at a time when IT industry is going slow on recruitment.

The employees in Satyam already started to try for jobs in other concerns.

Almost 14000 curriculum vitae of Satyam employees have been registered in job sites like naukri and other sources in one day requesting for job.

Ranked among the top three employers in India in 2008, Satyam's placement test papers were a rage among techies, who compared notes through the internet to make it to the company.

Satyam was ranked the second best employer in 2007 by Hewitt Associates in a study partnered by ‘Wall Street Journal Asia’.

"By God's grace I'm a Satyamite" read a message posted by a Jaipur tech student who got through Satyam in February 2008 - by when the company was already fudging accounts.

"We are now worried about the jobs," said Raghu K, another Satyamite, dismayed by today's revelations of accounts fraud by the company's iconic founder Ramalinga Raju.

Possibility of a takeover too looks distant, further compounding the worries of the employees.

"Initially, our reports suggests that the employees of the IT firm were quite scared about their fate. We were trying to reach the employees but could not get through their board number," Karthik Shekhar, General Secretary of BPO-IT Union UNITES Professionals India, said.

UNITES Professional India, which has 1800 members, said that its website has got 7,000 hits from Hyderabad from Tuesday night.

"It’s not only the employees, their peers and relatives are also coming to our Hyderabad office after the announcement to make out what we can do for them," he added.

What lies ahead for Satyam is still to be answered. Who would try to take the burden of investors, pay slips for currently employed and the calls of awaiting freshers with glittering eyes . With Sensex falling to 750 points and company on brink of removal from Nifty the times are tough.

Also rumors are that Tech Mahindra can take over Satyam as it weighs only ashes but still current financial situation can't be predicted as of now.

The students who got placed in Satyam computers 1 to 2 years before where asked to wait by the company and The future of future Indian pillars is now a question mark.

Whatever may be government of India should take necessary actions to save the family of these employees.

Apart from government as a human being we all should pray for the welfare of these employees who got placed and who all are in fear of losing job.
Tags: satyam employees, satyam employees future, satyam firing