Satyam gives pink slips to 400 employees

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Hyderabad, Sep 13: After Wipro showing the door to 1,000 employees and news about TCS planning another round of layoffs, it seems it's pink slips time at Satyam Computers.

Hyderabad-based company has reportedly given pink slips to some 400 engineers and associates at its Hyderabad, Pune and Visakhapatnam centres. According to earlier reports, the company has sacked 150 experienced employees from the Hyderabad centre who were on bench. The report says that most of those sacked are in the 'S' band, indicating that they had at least two to five years of experience. Terming it as a routine exercise, company's global head, HR, SV Krishnan said, "Giving pink slips to those in the 'S' band was not out of the ordinary and we do this as a matter of employee evaluation and development." The company has reportedly also sent out a mail cautioning employees against not turning up at office and preferring to remain on the bench. Also, the company's management has asked some employees to either voluntarily switch to a contractual agreement (moving from pay rolls) or leave.

According to a report in a Daily this week, India's no. 1 IT exporter Tata Consultancy Service too is planning another round of layoffs. Wipro Technologies also has put about 4-5 per cent of its workforce, about 2,400-3,000 employees, under the scanner for non-performance. Company sources reveal that about 1,000 employees have already been asked to leave.

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