Satyam Buggers 10,000 Employees

Remember Satyam Computer Services, the mother of all Indian corporate crooks.

Yes, the same scumbags that falsified years of accounts to boost revenues and profits.

A short while ago, the Indian IT software house (now under new management) announced a new technique to screw upto 10,000 of its India-based employees.

Describing it in corporate BS as Virtual Pool, Satyam said the one-time program aims to address staff costs by reducing the pay of 7,000-10,000 employees.

Satyam said the pay reduction program would cover employees who have not been in ‘billable roles’ (in plain English, this nonsense means the company does not have enough work to support all its employees) for three months or more and support staff.

A Satyam spokesperson told us that the Virtual Pool program would be a combination of voluntary and compulsory actions.

Ha Ha Ha
Satyam is trying to cover up the en masse buggery of its employees as an ‘ innovative way’ and a ‘unique way’ to retain talent.

Ha ha ha. We haven’t laughed so hard in a long time.

Depending on business requirements, Satyam may recall the employees with full pay and benefits.

The Virtual Pool program is effective June 2009.

(BTW, is Satyam in such straitened circumstances that they can’t afford to get their PR person in India a hands-free headset? The schmuck kept whining, I’m driving, I’m driving and hung up without answering our last question on the total headcount. Are hands-free headsets illegal in India?)

Related Stories:
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Satyam to Employees – You’ll get January Salary
And Now They are Six
Satyam gets 3 New Directors
Indian Outsourcing Crook Ramalinga Raju Arrested
Satyam Board Kicked Out, Hooray
Ram Mynampati Vows to Stay at Satyam; Kick Him Out
Trading in Satyam Still Halted on NYSE
53,000 Satyam Coolies Up Shit Creek; Massive Layoffs Likely
Satyam Makes Another Big Mistake – Names Insider Ram Mynampati Interim CEO
Crook Raju Wipes Out Rs 10,000 Crore in Market Cap
Are Infosys, Wipro & Mindtree Crooks Too?
Satyam Fraud – The Perils of Outsourcing
Sebi Orders Probe into Satyam
End of the Road for Satyam Computer
Satyam Chairman Ramalinga Raju’s Arrest Imminent
Satyam Shares Crash After Massive Fraud Revealed
Satyam Fraud – Is Nasscom Sleeping?
After the Shit Hits the Fan, Satyam Kisses Employees Ass
What the Hell is Really Happening at Satyam?
Investors To Satyam Raju – Drop Dead
Satyam Computer Screwed in Forgery Case

5 Responses to "Satyam Buggers 10,000 Employees"

  1. thothadri   June 11, 2009 at 10:24 pm

    It reminds me of the proverb in tamil
    “pilayum kilittu thotillaiyum aatinanam”
    sathyam it seems only it is in its name Responds:

    The greatest ‘achievement’ of Ramalinga Raju et al is to give a new meaning to the 1,000 or 2,000 year-old word word – Satyam.

    Thanks to Raju, Satyam (truth) now means Asatyam (deceit).

    Just like Madoff here, Raju must have had help of other people.

  2. boopalanj   June 12, 2009 at 7:43 am

    All these are the outcomes of one blunder of one person.. Cant help..!

  3. latha   June 12, 2009 at 4:43 pm

    everyone forge accounts, Raju became a bait for Andhra politicians. Screw Raju, you mostly screwed Naidu as Naidu’s biggest accomplishment is IT and hence got his campaign screwed. Timely move by Congress Lead. Responds:

    Interesting point.

  4. boopalanj   June 15, 2009 at 12:37 pm

    I don’t believe ‘only raju’ forged. Everyone does. But not everyone accepts.

    Means, there is some other pressure for him to accept explicitly, to save a few other heads rolling. Something else has happened, that seems unlikely to come to light.

    There have been several talks, that CBCID which got hold of Raju first, has destroyed necessary evidences in favour of politicians [Reddy / naidu], and safely handed over the case to CBI.

    Even CBI, which acts like a servant of Congress, is not believed to bring out the truth, rather to close the case as it is – i.e, fudging accounts by raju. Responds:

    Hope Raju rots in jail for ever (like Bernie Madoff here)

  5. boopalanj   June 15, 2009 at 12:49 pm

    Ha, I expect otherwise. Getting released after a term, contest in Elections, become an MP, and become IT minister in the cabinet! 😀

    Anything is possible in India, mate..! We’re not fools to undergo a term of 150 years of prison like Madoff..! Responds:

    We think some hardened criminal will make Raju his ‘Rani’ in prison.

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