With the disclosure today of the massive accounting fraud at Satyam Computer, the 53,000 IT coolies at the company must surely be crapping in their undies wondering what will happen to their jobs.
Yes, many thousands of Satyam employees will lose their jobs. And many of them will find it very difficult to land new jobs.
We expect that at least 10,000 Satyam employees will become roadkill in the not too distant future, i.e. about 20% of the company’s current workforce.
Given the global recession, the severe slowdown in the U.S. economy and its new reputation as big time crooks, Satyam will find it impossible to win new IT contracts and carry on business as usual.
In short, Satyam is screwed. Which means Satyam employees are buggered.
Unfortunately, Satyam employees will be tarred because the sins of the management will be visited upon the employees. That’s unfair but that’s the way human nature is.
So, all ye Satyam employees, here’s our advice for you – do not wait for the hard hammer of layoffs to crack your skulls openÂ but start working on your resumes immediately.
Waste not a moment.
Contact your friends, relatives and headhunters immediately, explain your pitiful plight and don’t be too proud to beg for help.
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