Ganesh Natrajan, president of NASSCOM, says there is no need to panic, as there should be no reason for Satyam employees to flood the market. “If a situation arises when thousands of people have to be relocated, we will support that too but I am not expecting such a situation to arise,” he said.

Partha Iyengar, vice-president (research) Gartner, however, says, “There will be some impact on the entry-level job market. In addition to the current number of 4,000-odd students with offers from Satyam — who don’t know if they have a job or not—- there is a relatively large number of further entry-level hires that will now not be made due to Satyam’s absence on campuses,” said Iyengar.

Deepak Shikharpur, president Computer Society of India adds that since Satyam is among the top 10 companies with its employees demanding a premium, it is unlikely that they would threaten those already jobless.

“If anything, the Satyam employees are likely to cause a dent in the market only after a few months when competitors like TCS and Infosys, who are already talking to Satyam clients, perhaps get those projects. They may then prefer hiring Satyam employees to handle these clients,” he says.