Lay-offs begin at satyam as 10000 employees may come under axe including senior executives, benched and non-IT people

Its a bad news really but Tech Mahindra, the new owner of Satyam computers, have started laying off in the first phase.  Trainers, HR and sales and marketing executives are being singled out for action.

The first phase of layoffs has started. In the second phase, employees who have been on the bench for less than three months would go away. Some senior executives on the bench are being offered almost 50% of their salary or an option to go on a sabbatical. Several benched senior executives have moved out.

said a senior insider. Though Mr. Kursheed (corporate affairs minister) said,

Layoffs is something we are not going to turn a blind eye to, as we have a relevant presence in decision making (in Satyam Computer Services.

its stated that almost 10000 people may get sacked.

As Yahoo news reports,

Tech Mahindra is expected to take a final call on the matter by June 21. In a recent communication to employees, Hari T, global head-marketing, Satyam Computer Services, said, “By the 21 st of this month, 80-85% of your questions will be answered.” He was referring to questions raised by employees on lay-offs, sabbaticals, reforms and HR restructuring.

Though its not that Tech Mahindra isn’t trying at all to sustain people. There are mainly two phases of what the company wants to develop to reduce the job cuts.

1. The company is working on various initiatives to mitigate the impact of the large bench and utilise the staff.
2. The employees are also being asked to take up multiple roles within their units and other departments like sales and marketing.

[Source: biz.yahoo.com]