All worked up: Hit by a truck,thats how I feel News Archive News

Though there is no report of any job losses,the uncertainty looms over 53,000 employees of Satyam.

Written by Sreenivas Janyala

Hyderabad | January 8, 2009 03:01 AM IST

2 min read

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Though there is no report of any job losses,the uncertainty looms over 53,000 employees of Satyam.

Close to 30,000 of the total 52,000 employees work at Satyam facilities in Hyderabad and on Wednesday afternoon,most of them were out on the streets,bitter,uncertain about themselves and angry. “The email from Raju jolted everyone out of their seats. There is a lot of confusion engineers don’t know whether the company still exists or not and what happens to them,” a junior software engineer said. A subsequent email to all employees by interim CEO Ram Mynampati assuring them not to worry did little to assuage their feelings.

Anguished employees who were once very proud to put in even additional hours of hard work just for Satyam,and,Raju,feel ashamed that the person who founded and nurtured it had to resort to such such tricks and betray them. “I am disillusioned. Satyam meant everything to me,I proudly wear the T-shirt and flaunt my ID card. I cannot believe Raju has done all this to his own company and employees. There is panic among the employees because all this makes their future very uncertain especially when the IT industry is in recession,” says Neha Agarwal,an analyst. “I think his email has also indirectly said that we are all jobless from today,” says Lakshmi Shetty.

“Hit by a truck,that is how I feel. The temple which we built over 15 years has come crashing down,” says M Srinivas,a senior technical officer. The panic trickled down from senior management to trainees some of who are still awaiting offer letters from Satyam.

Rajus friends and his former Satyam associates feel that it was a big blow to ethics and morals on the basis of which the company was formed. C Srini Raju,former chief technical officer of Satyam,feels that Raju fudged profit figures to be in the reckoning alongside Infosys.