Satyam Layoff is round the corner as there are reports that it may layoff 5000 people anytime. The company and government both are in a catch22 situation. The revival of the company requires cutting the cost that would mean chopping off the bench strength or the unnecessary accumulated employees by its founder. By doing so Satyam could trigger a domino effect that would cause others to do so in an economic recession by citing its example. The winter of 2008 was almost tragic to the fate of the company. There are reports that contracts to the company are reducing. The CEO of Satyam, Vineet Nayyar says that the IT giant has nearly 10,000 surplus staff. The past record of the Mahindra's suggest that they mean business and looking at the way things are proceeding there is a layoff looming round the corner. In a chat with an MBA graduate now in his mid 30's and working with a well known multi national company, his attitude suggested me that he was more of a burden on the organizat...
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