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Mahindra Satyam places 500 associates on Bench

The already tainted Satyam has now placed another 500 employees in a so called “corporate reserve” which is nothing else but bench. This move has further sparked various rumors like possibility of senior-level employees leaving Satyam. All associates in the sales, operations management, delivery integration, relationships, program management, presales and solutions framework will be now […]

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Mynampati, Interim CEO Tries Raising Morale

Dear colleagues, I write this mail to update you on some critical Board and Leadership level changes in our company, effective immediately. A series of extremely unfortunate events led to this, which I am sure you have seen covered in the media over the past few hours. A SWAT team consisting of senior leaders has […]

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It’s now HP’s Turn! 24,600 Employees to be sacked

HP has announced that it would be eliminating 24,600 of its employees. HP, in one of its Security Analyst Meetings stated that is a part of its global restructuring plans. Many companies in the software, ITES or the EDS industry have been in a ramp down spree recently owing to inadequate projects, global slowdown and […]

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Satyam Lays off 400 Employees

Satyam Computers, one of the leading software companies in India has joined the list of companies who are in a rapid down-sizing due to inadequate projects. Satyam has reportedly shown the pink slip to 400 engineers and associates in Hyderabad, Visakhapatnam and Pune. Most of the employees who were sent off had 2 to 5 […]

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24/7 Customer Reduces Head Count

24/7 Customer on a phased ramp down After software companies, its now BPO companies who are on a slow down. 24/7 Customer one of India’s leading BPO firms have informed that they would carry out a phased ramp down of their offshore call center partnerships in India. 24/7 has planned to reduce 450 employees in […]

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Patni Lays Off 600 Employees

India’s 6th largest software exporter, Patni Computers has recently laid an estimated 600 employees. The company claims that this action is due to their non-performance issues. However, industry watchers have mentioned that it is largely due to insufficient projects. Patni with its delivery centers in Chennai, Bangalore, Mumbai, Pune, Noida and Hyderabad is one of […]

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