Satyamites have called it quits now. If they were clinging to Satyam so far hoping the firm would bounce back, Thursday’s big news left them in no mood to stick to a firm that cheated them. Many senior employees said they were desperate to leave Satyam even as the younger Satyamites decided to quit the IT sector altogether.
The startling ‘truth’ on Thursday triggered the middle management into a serious job hunt, the very people who had so far been putting up a brave front so far. Senior associates told this newspaper on Thursday that all this while they were hoping that the inflated head count was only speculation but now understood that they were being handed out measly hikes when their boss Raju was diverting a fortune towards the salaries of 13,000 fictitious employees.
Some project managers were learnt to have put in their papers, particularly those on projects as they just couldn’t handle the “customer stress’’. Associates, it was learnt, were asking their HR colleagues as to how they couldn’t figure out the inflated head counts. The HR department remained the butt of unkind jokes throughout the day on Thursday.
The management, that has put up helplines to sooth frayed nerves of employees, was trying to hold some resignations of senior associates and reason with them to hang on and put faith in the new board, but the employees TOI spoke to said they had had enough.
“My CV may perhaps look better if L&T takes over, but I am now very restless,’’ said an associate. Company sources said that Satyam would lose more than half of its staff in less than two months. Employees said they were hurt that Raju had now clearly diverted funds for “personal benefit’’. Several freshers who do not even have project experience so far are perhaps the worst hit with many bidding goodbye to their IT dreams.
Several young associates who are on bench right now, have applied in various nationalised banks for the post of probationary officers. Most of these banks have their entrance exams scheduled for March and April and many associates are now burning the midnight oil to clear these exams. The B-Tech degree they slogged for four years, they say is of no use for now, as the recession and Satyam have brought them on a par with regular graduates.
“We must leave Satyam and other firms are not hiring. This jolt at the beginning of my career is too much for me to take,’’ says a fresher adding that even if she leaves her firm now after spending more than a year, she will have to restart her career as her little experience in a project won’t count at all.
Others in Satyam said that it was time to scout for government jobs. “I am very keen on a government job even if I have to restructure my career graph again. The only problem is I have little confidence left after what my first job has done to me,’’ said an associate.
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