50,000 Satyam employees face bleak future
The mood in Satyam Computers is one of shock and disbelief. The letter by Ramalinga Raju has sent shock waves and employees are seething in anger for being let down by their boss in such a manner.
Satyam has more than 50,000 employees on its rolls and now they are all feeling very insecure. The fate of the company is more or less sealed and the magnitude of the fraud is also turning away many suitors.
The employees are now uploading their resumes at the job portals in thousands. As many as 15,000 Satyam employees uploaded their updated resumes on Thursday. More are likely to follow suit today.
The global meltdown has had its effect on the job market and many jobs have shrunk and some have totally disappeared. So it is highly unlikely that many of the Satyam employees will find a suitable new job in the immediate short run.
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