Satyam Computers may lay off over 12,000 employees
May 15th, 2009 | By admin | Category: Breaking News, Business News, India NewsSatyam Computers is planning to lay off its 12,000 to 14,000 employees. Satyam Computer is now controlled by Tech Mahindra. The new management made a formal announcement before senior management personnel on Thursday on the issue of reducing manpower by up to 14,000 people.
Satyam currently has just over 40,000 employees, of which 19,000 are “billing employees”, while just over 20,000 are “non-billing” staff. Almost everyone currently on the “bench” is in danger of losing employment at Satyam.