Satyam may cut 8,500 jobs if work isn’t found

Satyam may cut 8,500 jobs if work isn’t found
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First Published: Wed, Jun 24 2009. 10 22 PM IST
Updated: Wed, Jun 24 2009. 10 22 PM IST
Bangalore: Satyam Computers Services Ltd, recently renamed as Mahindra Satyam, said 8,500 idled employees may be fired in six months unless business picks up.
There is a possibility that the employees who have been furloughed on reduced pay because of a lack of work, will be fired, newly appointed executive vice-chairman Vineet Nayyarsaid in a telephone interview on Wednesday. The cuts would represent 18% of the workforce, based on the number of employees Hyderabad-based Satyam said it had in April
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First Published: Wed, Jun 24 2009. 10 22 PM IST