Thursday, January 08, 2009

Satyam might Layoff 10000 employees

Headhunters India CEO Kris Lakshmikanth has said "It is most likely that Satyam will cut 10,000 jobs next month as the company is left with no cash to pay the salaries. The current fiasco is likely to put pressure on salaries, which may reduce by 10 per cent due to the surplus of about 20,000 people in the jobs market,"

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