Employees quit troubled Satyam

Employees quit troubled Satyam

120 employees have recently resigned, say reports. Merrill Lynch terminates all its engagement with the IT company

Wednesday, January 07, 2009

BANGALORE, INDIA: Satyam Computer Services, which is trying hard to cope with the tough times, has lost more employees in the backdrop of the recent developments, say media reports.

According to an NDTV report, over 100 employees have resigned from Satyam and more are planning to quit the troubled ship.

“At least 120 of Satyam's employees from the lower and middle rung management have resigned after the Satyam-Maytas fiasco broke out and as many as 100 more, including the senior level management, are waiting to take a decision after the board meeting expected to take place on January 10,” it reported quoting a source.
Meanwhile, DSP Merrill Lynch has terminated all its engagement with Satyam.

In its statement to the stock exchange, Satyam has said, that "the DSP Merrill Lynch terminated its engagement with the Company." |

Satyam had hired investment bank DSP Merrill Lynch to review its "strategic options to enhance shareholder value" following the controversy over Maytas deal.

©CyberMedia News

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ssp said on 1/7/2009 5:19:11 PM:
It is all about what is called as "Vivek". Raju has welth , intelligence , time , resources etc , almost all at his disposal. But what he lacked was "Vivek" (consciouses), that why not only he suffered but also 55K employees and millions of share holders. Indian philosophies are no nonsense stuff , it is time to realize it.

to ssp

Rohit Soni said on 1/7/2009 5:14:21 PM:
I want the number or email address of satyam computers ,so i will apply for the job as a COmputer Hardware & networking engineer

to Rohit Soni