Satyam to layoff 12,000 employees

Posted By: Staff
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Hyderabad, May 18: The fraud-hit Satyam Computer Services, which is now controlled by Tech Mahindra is planning to layoff about 12,000 to 14,000 of its employees.

A formal announcement was made by the new management before senior management personnel on Thursday, May 18 on the issue of reducing manpower by up to 14,000 people.

Satyam at present has a total staff of about 40,000 employees, of which 19,000 are 'billing employees' and about 20,000 are 'non-billing employees'. Satyam sources said that those employees who are currently on the 'bench' are in danger of losing job.

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