Satyam computers is in the process of pink slipping 4500 of its employees, this ranges from Mangement level to entry level software developers who doesnt have a good feedback from their immediate supervisors.
Many of the experienced employees, who got the letter this week were shocked in the way they were shabbily thrown out of the company. Satyam has been facing pressures ever since it had a very negative quarter results last few quarters. Few years back it was the star of the IT stocks and now the poor man’s gold.
The company will serve termination notices to more employees in the coming weeks. Many employees who have earned the grudge of higher management are very anxious about their future in the company.