Sunday, June 21, 2009

The Satyam Fiasco : Total Layoffs

The question of the hour is : How many people at Satyam are going to be put on VPP?

The answer : A total of 16,000.
In the first wave, 9,000 associates and their fate was consigned to VPP. There would be another round of VPP assignment process and would encompass another 7,000 associates.

There is another aberration that might lead to more people being accommodated in VPP.
A few of the associates who had been handed over VPP in the first wave had already been shortlisted to be absorbed into TechMahindra. There was some miscommunication on part of the management of the two entities, and thus, these people would be called back from VPP and will ake way for others to get into VPP.

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