Friday, June 19, 2009

Satyam Layoffs - Satyam Virtual Pool

At last the ghost is out ... some 10,000 employees are on thier way out as Satyam moves them to a 'Virtual Pool' whereby its non-billable staff would get a fraction of their salary for up to six months has been called an "innovative, unique and humane" program by its top brass but it has triggered concerns among its associates that with a reduced pay packet, they would not be able to honor their personal commitments like housing loan, car loan, credit card payments, insurance, health policies and education loans.

Super PMs Sonia and Rahul Gandhi, CM YSR and PM Manmohan Singh fooled some 50,000 families of Satyam that they would provide job at any cost.

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