Senior Satyam staff in search of other jobs

By siliconindia   |   Wednesday, 31 December 2008, 04:58 Hrs   |    10 Comments
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Senior Satyam staff in search of other jobs
Bangalore: After the drop out of some Independent Directors, Satyam's shaky movements force many of its employees to think about new jobs and they have started approaching recruitment firms to find out similar jobs in other organizations. Though Satyam's Founder and Chairman B. Ramalinga Raju has requested the employees to stay with the firm till everything is back on track, the employees seem to be not at all willing to wait anymore and they are in search of new jobs, reported Financial Chronicle.

"We have got a number of calls in the past few days from people in the Vice-President, Senior Vice-President level and above, looking for other options," said Kris Lakshmikanth, Chief Executive Officer of Bangalore-based Head Hunters India. Not only senior level employees but also employees at lower levels have started new job searching.

Earlier, in an email sent out to 52,865 employees Raju said, "Please be assured that the board and the leadership team are doing everything possible to get Satyam back on track. We cannot do this without your help, however, I ask for your continued faith in Satyam and for your steadfast focus on your customers, especially in the face of wild speculation and unchecked rumour. There is simply no more effective way to strengthen the company and to secure its future - and yours - than by delighting your customers."

A recruiter opined that it is too soon for anything specific to happen because it generally takes between three-nine months for a senior-level movement. Another recruiter who did not wish to be named said that these senior people would have no problems getting positions in other top IT companies.

According to recruiters, senior Satyam officials, who have been in touch with them, have voiced their concerns about competition bringing up the controversial takeover matter during client RFPs (request for proposals) and credibility issues after the World Bank's ban. "These people are worried because they are facing questions from customers even as some of their existing clients, especially in banking sector, face integration," said a Mumbai-based human resources consultant.

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