It was in September when the news of Satyam layoff first came in, but yesterday, Satyam went ahead and made another round of lay-offs from its base city of Hyderabad. Satyam fired 100 employees citing reasons which are the usual ones like - "behavioural issues", "poor performance" in an performance assessment. Not only that, they went way too ahead and cited reason like - "delay in filling appraisal forms" and even "poor dressing" at work - appears to be a lot weird reasoning.
It is learnt from the news reported that it was a forced resignation - affected employees were given just 2 hours time to decide to resign or services to be terminated.
Probably, people took inspiration from the Jet Airways employees lay off who went berserk after jet airways announced lay offs. Those who were laid off alleged that the company chose to put the blame on them as against owning up for the financial crunch it seems to be facing. They point out that ratings of most employees this year in its "Smart" appraisal exercise (with S as highest rating and T lowest) have dropped with many figuring in the bottom R and T slots.
Though the management at Satyam continues to justify the lay offs mentioning that they are all based on performance and behaviours.
As reported by TOI, sources say the firm is undertaking fresh background checks of all its employees to find "valid" reasons for firing. Besides, project leaders were asked to suggest at least two names from their teams who could be eased out of the firm. But it was the manner in which the news was broken that left many shaken.
"Despite having an impeccable work record I was shown the door. And to do this I was given just two hours," says a senior software engineer.
Another employee of three years with a "S" rating under his belt had to quit under similar circumstances. The techie was first asked to take an assessment test within 30 minutes. He was then told his performance was poor and that he had to leave. "Why would the company insist on a test that my managers in the past had described as only a formality," he asked. His demand to declare the test result went unheeded, he added.
A senior associate who was laid off last week said the pink slip came as a shocker. With six years work experience in known IT firms, he was handling a project in Satyam, two phases of which were already over with his work spilling over to late evenings. One such evening last week he was summoned by HR officials who asked him to meet them
the next day. "I was told, either you leave or we terminateyour service," he says, adding that the reason cited for his removal was his failure in filling the appraisal form on time.
S V Krishnan, Global head of HR, Satyam Computer Services, said, "As part of our appraisal process we identify around 5 to 10 per cent of our associates in the Performance Improvement category and put them through a structured Performance Improvement Program. Our experience reflects that about half of this group exits the system either voluntarily or involuntarily, while the others make credible progress internally. We have concluded our appraisal process a few weeks back, and believe we are witnessing similar trends like in the past."
Latest: Satyam salary freeze rumors after Raju admits fraud
So where are those individuals who believed that the IT boom is here to stay, or those who believed that there will always be new technology and innovations so IT engineers will never loose the jobs or those who believed that Indian Companies never lay off anyone.
Let's hope that alternative jobs are available to the affected employees of Satyam Lay off.
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Monday, 10 November 2008
Satyam Lay off Job Cut: Satyam Fires 100 Hyderabad employees
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13 comments:
Only one word to say...satyam is a "fucking" company...Don't spoil your careesrs by joining this company or believing this company..
Satyam is searching for reasons to fire people. Citing reasons such as fake bills are toatlly cheap. Shows the standard of the organisation. And all this, after a year and a half from the date of the bills. Its high time some form of representation for all IT employees is formed. Till then Indian companies will contiue to exploit the situation!!! Being a Satyamite myself I recommend people not to join a company like Satyam which has lost direction completely!!!
i suggest satyamites who care about their future to resign before satyam`s HRs find some pity reason to TERMINATE you.They are just terminating ppl for things like fake bills.. who does nt give fake bills.. 90% of satyamites should be terminated thn cuz almost all give fake bills..if thy dnt knw abt this their audit team sucks or thy r just picking ppl randomly to terminate.. so all u there lv before thy spoil ur future..
I donot know why 4000 odd employees are kept on bench & they are hiring new ones . Please take action on HR who are getting people in wrong ways by getting bribed . please make back ground check on previous employee for the same . so that satyam will remain only with good fair clear knowledge people . Please donot take employee under recomdation quota , they is associates working from Home only because she is wife of on collector in Maharastra
What does the 'top management' guys do? why does the company pay them in lakhs per month? just to sit idle, pick up some associates and fire them citing improper reasons.
The effort for this task could have been used properly to gain some business. Those companies which make use of the oppurtunity will shine. Satyam is seeing the crisis as a crisis and not as an oppurtunity.
Alternatively the associates can be given training in their areas of interset and upgrade the skills / earn some certification. These are investments which will sure pay off when good time return.
If this trend continues in indian IT sector, unemployment will increase, which will result in huge loan and credit defaults. The doemstic economy will collapse after which the government will interfere in this issue. There is less chance to stabilize the macroeconomic condition once there is an irreversible spiral.
Leave this company.. before company leaves you. In india oly top two naes are a bit respected TCS and Infosys rest all sucks big time.
The company heads are headless chickens.
Their poor projections led to such devastation.
Ramalinga raju, rama raju and all.
Where have they passed their degrees from?
Such poor leading qualities are really rare.
Unfortunately hard working staffs are paying for the mistakes done by these headless chickens.
Satyam really needs to start recruit quality leaders from quality institutes.
Had they recruited good strategy makers then they would not have required to lay off people like this.
Oh forgot to mention 2 years back Satyam (Rama langa Raji) declared it would have 10/10 means 1 lakh employees by 2010 with revenue touching 10 Bn dollars.
Hah hah hah!!!
Please do not join Satyam, its like completely keeping your life and career at risk. Those Who are still working open your eyes and just jump out of the company ASAP. Satyam management is headless bast*rds.
Satyam is One of Amateur company in India.There is no professionalism,No ethics,No HR polices,
Real professional wont work there....
Inside no planning is there.....
Their all work is not in organised way...
Lot of OVERRUN and SLIPPAGE of delivery due to improper planning...
They good planning only one thing...ie LAYOFF...
NO.1 layoff company of the year in india is the great SATYAM...
GREAT SATYAM!!!!!!!!!!!
This Rama LANGA RAJU Should be dragged to road and his pennis shoud be cut into pieces on road.. Langa Raju dragged lakhs of investors to road and thousands of employees to gutter.. If I see him on road.. I will defenetely hit him with stones... caz, mad dog should be killed.
People always hate to talk about when they are laid off. But as it has become every day's news headline since Yahoo started it with cutting 1500 of its task force last year, now a need of platform has been in demand where people can express their selves in words how they are feeling about their company, whey the got laid off was that justified or not.
And every thing they want to tell anonymously.And www.layoffgossip.com is providing you that platform.
I have a very close friend, who graduated from Harvard. Worked for ML for over 8 years, recently he’s been “right sized” too, despite of his outstanding performance and the increasing revenue he generated. OMG, now the banking industry is badly hurt, how long it would take for those financial background guys like him get back to the job market. Banking jobs are not there as much as before as easily seen on JobOutlets and other job sites in the region
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