×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Satyam has 10,000 excess staff: Tech Mahindra CEO

Satyam has 10,000 excess staff: Tech Mahindra CEO
Comment E-mail Print Share
First Published: Fri, May 22 2009. 04 29 PM IST
Updated: Fri, May 22 2009. 04 29 PM IST
New Delhi: The chief executive of Tech Mahindra Ltd, which is taking over Satyam Computer Services Ltd, said on Friday the fraud-hit outsourcer had 10,000 excess staff on an employee base of 40,000.
Last month, Tech Mahindra won an auction for a controlling stake in New York-listed Satyam.
Satyam’s founder and former chairman shocked investors in January by saying profits had been overstated for years, putting in doubt the survival of a company once ranked as India’s fourth-largest software services exporter.
Comment E-mail Print Share
First Published: Fri, May 22 2009. 04 29 PM IST
More Topics: Satyam | Outsourcer | Tech Mahindra | Staff | Fraud |