01-08-2009, 09:45 PM
<b>Satyam may axe 10,000 employees next month: Headhunters</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->"It is most likely that Satyam will cut 10,000 jobs next month as the company is left with no cash to pay the salaries. The current fiasco is likely to put pressure on salaries, which may reduce by 10 per cent due to the surplus of about 20,000 people in the jobs market," Headhunters India CEO Kris Lakshmikanth told PTI.
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The uncertainty about jobs is killingly painful for the 53,000 employees of Satyam, especially when the industry is going slow on recruitment<!--QuoteEnd--><!--QuoteEEnd-->
This company is gone now. IT salary will come down in India, surplus supply of manpower.
.........
The uncertainty about jobs is killingly painful for the 53,000 employees of Satyam, especially when the industry is going slow on recruitment<!--QuoteEnd--><!--QuoteEEnd-->
This company is gone now. IT salary will come down in India, surplus supply of manpower.