Satyam to axe 4,500 employees ?

15th September, 2008

HYDERABAD: Satyam Computers, which has just started giving pink slips to its employees, could potentially downsize its workforce by a whopping 4,500 employees.

This translates to a little less than 9% of the 51,000 employees that the company employs. Company sources say 1,500 employees have been put under the performance improvement plan (PIP), euphemism for employees put on watch list and asked to shape up or ship out. Apart from this, 3,000 others have not been given any increment in the last appraisal cycle, thereby indicating that their services are dispensable.

“This 1,500 plus 3,000 equals 4,500, which indicates the total number of persons who could be eased out of the company,” the source said.

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Source:  The Times of India

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