Satyam Buggers 10,000 Employees

Remember Satyam Computer Services, the mother of all Indian corporate crooks.

Yes, the same scumbags that falsified years of accounts to boost revenues and profits.

A short while ago, the Indian IT software house (now under new management) announced a new technique to screw upto 10,000 of its India-based employees.

Describing it in corporate BS as Virtual Pool, Satyam said the one-time program aims to address staff costs by reducing the pay of 7,000-10,000 employees.

Satyam said the pay reduction program would cover employees who have not been in ‘billable roles’ (in plain English, this nonsense means the company does not have enough work to support all its employees) for three months or more and support staff.

A Satyam spokesperson told us that the Virtual Pool program would be a combination of voluntary and compulsory actions.

Ha Ha Ha
Satyam is trying to cover up the en masse buggery of its employees as an ‘ innovative way’ and a ‘unique way’ to retain talent.

Ha ha ha. We haven’t laughed so hard in a long time.

Depending on business requirements, Satyam may recall the employees with full pay and benefits.

The Virtual Pool program is effective June 2009.

(BTW, is Satyam in such straitened circumstances that they can’t afford to get their PR person in India a hands-free headset? The schmuck kept whining, I’m driving, I’m driving and hung up without answering our last question on the total headcount. Are hands-free headsets illegal in India?)

Satyam Buggers 10,000 Employees added by SearchIndia.com on June 11, 2009
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5 Responses to "Satyam Buggers 10,000 Employees"

thothadri June 11, 2009 at 10:24 pm

It reminds me of the proverb in tamil
“pilayum kilittu thotillaiyum aatinanam”
sathyam it seems only it is in its name

SearchIndia.com Responds:

The greatest ‘achievement’ of Ramalinga Raju et al is to give a new meaning to the 1,000 or 2,000 year-old word word – Satyam.

Thanks to Raju, Satyam (truth) now means Asatyam (deceit).

Just like Madoff here, Raju must have had help of other people.
boopalanj June 12, 2009 at 7:43 am

All these are the outcomes of one blunder of one person.. Cant help..!
latha June 12, 2009 at 4:43 pm

everyone forge accounts, Raju became a bait for Andhra politicians. Screw Raju, you mostly screwed Naidu as Naidu’s biggest accomplishment is IT and hence got his campaign screwed. Timely move by Congress Lead.

SearchIndia.com Responds:

Interesting point.
boopalanj June 15, 2009 at 12:37 pm

I don’t believe ‘only raju’ forged. Everyone does. But not everyone accepts.

Means, there is some other pressure for him to accept explicitly, to save a few other heads rolling. Something else has happened, that seems unlikely to come to light.

There have been several talks, that CBCID which got hold of Raju first, has destroyed necessary evidences in favour of politicians [Reddy / naidu], and safely handed over the case to CBI.

Even CBI, which acts like a servant of Congress, is not believed to bring out the truth, rather to close the case as it is – i.e, fudging accounts by raju.

SearchIndia.com Responds:

Hope Raju rots in jail for ever (like Bernie Madoff here)
boopalanj June 15, 2009 at 12:49 pm

Ha, I expect otherwise. Getting released after a term, contest in Elections, become an MP, and become IT minister in the cabinet! 😀

Anything is possible in India, mate..! We’re not fools to undergo a term of 150 years of prison like Madoff..!

SearchIndia.com Responds:

We think some hardened criminal will make Raju his ‘Rani’ in prison.

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