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Satyam employees fear for jobs

Hyderabad: The pink slips haven't arrived yet, but the uncertainty is killingly painful for the 53,000 employees of Satyam, particularly at a time when IT industry is going slow on recruitment. Ranked among the top three employers in India in 2008, Satyam's placement test papers were a rage among techies,  ....Read more

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11 Comments |
LessonBy: Amit | Thursday , 15 Jan '09 10:52:53 AM Reply | Forward This is a fire alarm for all the IT folks who party everyday and finally at the end of month there account balance is very close to ZERO.Start saving Now !
Lesson By: Amit | Thursday , 15 Jan '09 10:50:43 AM Reply | Forward This is a fire alarm for all the IT folks who party everyday and finally at the end of month there account balance is very close to ZERO.Start saving Now !!!!
Save themBy: Vinay Mallapudy | Thursday , 8 Jan '09 18:54:55 PM Reply | Forward 53000 employees and their commitments, livelyhood, wow it is too much. God save them
corporate IntegrityBy: Bob | Thursday , 8 Jan '09 10:11:51 AM Reply | Forward if Satyam can do it why not others? , I feel that what Satyam's case is not a isolated incident many in the industry too might have done it. This requires thorough investigations and the system requires to put in place measures and stringent punishments to those who fail to comply with the laws. Some businesses are considered above the board by the sheer "false veil of integrity" of their promotor and so on. not with standing such notions the authorities should investigate all major players.
dont worryBy: venkatesan | Thursday , 8 Jan '09 8:51:20 AM Reply | Forward DONT WORRY FRIEND IN IT, i will offer you all a bullock cart each and you can manage you bread and butter atleast
Think of realityBy: Rajan | Thursday , 8 Jan '09 12:22:28 PM Reply | Forward Whatever the work you do that should not be classified as great or bad according to their income.Great and bad should be how he manages his life with the income. People should understand the value of a commodity and pay accordingly. Pizza and Dosa both will solve hungry prblem and you should think why Pizza in the place of Dosa. It is very difficuly try to follow now onwards.
Satyam FraudBy: GOVINDAN | Thursday , 8 Jan '09 6:28:20 AM Reply | Forward The satyam episode has, no doubt, tarnished the image of the Indian IT industry. The damage may not be limited to the IT sector alone. I fail to understand how a Chartered Accountant agreed to show inflated profits and understated expenses in the balance sheet.
Satyam fraudBy: Joseph Mascarenhas | Wednesday , 7 Jan '09 21:15:19 PM Reply | Forward I worked for another 'top' Indian IT Company over 15 years ago and they used to manipulate accounts, showing expenses as assets. They managed to successfully get their public issue oversubscribed. Their auditor signed and approved the accounts in less than a minute! All large Indian comapnies should be investigated!
Online share tradingBy: Rajan S N | Thursday , 8 Jan '09 12:15:38 PM Reply | Forward Online trading should be avoided. Also investores are expecting immediate returns so they are switching from one to another overnight which creates the market uncertanity.There should be a locking period of minium 6 months on any trading which will create a steady market.Online buying and selling on the same day has no meaning which creates all smart currupted people because he is neither a ower nor a care taker of the institution.It is better to have most of the holding with employees.
Satyam FraudBy: Pralhad D.G. | Thursday , 8 Jan '09 11:18:08 AM Reply | Forward Really shocking, but there is no independent agency to look into such frauds by corporates, In India they go scot free. I think this wonderful time for politicians to make money as elections r round the corner I think Raju's bail out will bring in huge amount of money as party fund for some political parties. So that by the time elections are over Raju ban gaya gentlement after fraud of 8000 crores.
JUGLARYBy: prashanth | Monday , 12 Jan '09 13:42:11 PM Reply | Forward all the involved persons in this juglary to be punished severely for the time
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