mahindra satyam walkin in hyderabad for freshers

mahindra satyam walkin in hyderabad for business intelligence,unix,testing

Mahindra Satyam Fresher walkin ..BSC and BCA -24th Jan 2010

Mahindra Satyam Recruits Freshers

Mahindra Satyam recruits again

Locations closing details of Satyam Offices........

Hyderabad


CyberSpace

15-Aug-09

Notice issued


Mayfair

31-Jul-09

Notice issued


Rajeev Bhavan

31-May-09

Already Vacated


LST

31-May-09

Already Vacated


TSR

25-Jul-09

Notice issued


Harsha Towers

30-Jun-09

Notice issued


Mashallah

31-Jul-09

Notice issued


BLR

BET

15-Oct-09

Notice issued


BLA

14-May-09

Already Vacated


Chennai

Woodhead Tower

30-Jun-09

Notice issued


Galaxy Towers

31-May-09

Already Vacated


Tidel Park

31-Oct-09

Notice issued


Chamiers

30-Nov-09

Notice to be issued


Perungudi

31-Mar-09

Already Vacated


Mumbai

Winchester

13-Jun-09

Already Vacated


Dynasty Park

28-Feb-10

Notice would be issued in Sep 09


Delhi

ITT

30-Jun-09

Notice issued


Gurgaon I Floor

30-Jun-09

Already Vacated


Gurgaon IV Floor



Notice would be issued in July 09

Virtual Pool Program (VPP) another form of sabbatical.

Satyam started offer Virtual Pool Program (vpp) for its employees.

VPP : Is keeping the bench staff into sabbatical.Giving some amount of salary and keeping them in pay rolls of the company.

Satyam is offering to employee following only.

1.Basic salary (satyam has very less basic ie 1/3 of your gross is basic)
2.internet allowance (Rs250 per month)
3.This is done for 6 months to less level people and 4 months for big people.
4.Insurance will be covered to them in VPP

what does satyam gain?

1.lowering employee strength.
2.paying basic reduces its expenditure very less.
ex ) Consider 7000 employees selected for sabbatical then satyam would save around

7000 * 30000(on average salary saved per employee) * 12 months = Rs2,52,00,00,000
i suppose it saves 252 crores.
3.employees selected will not be coming to office so the operating cost etc also will be reduced.

This way Satyam which is in profits by the latest news which came will be more profitable.
i thing Markets will take this as a positive news and raise up again.

My personal target for satyam is from 100 -125rs

Mahindra moves satyam employees to techmahindra

Mahindra may move some satyam employees to other groups with in mahindra group.It is learn t from sources that recruitment in techmahindra is stopped and the Hr of techmahindra are told to recruit people from satyam.This will bring mutual benefit for both companies,Techmahindra will save money by not paying for recruitment etc and satyam will lessen their bench strength.Mahindra can move employees if interested to other companies in the group.

Mahindra may rebrand Satyam

Mahindra group has started searching for a good name for fraud hit IT company Satyam.They may change name , logo and tag line of the company.The re branding exercise of the company will start as soon as the new name is finalized.Re branding exercise may include roadshows,paper advertisements,media meetings by which company will get a new start.Mahindra already started the process of integrating satyam slowly into its umbrella.

Satyam employees current status

After techmahindra took up Satyam many satyamites are confident that lay offs will take place.All those who are waiting for project (bench people)
are confident that they will be the primary target.Satyamites who are in wait and watch mode when the whole satyam episode took place started moving fast.They already are waiting for job calls/interviews
and some are holding offers from other companies.Satyamites who are earning more than 10 lakhs can also be primary target these are the middle management people.Many middle level management people started resigning,
this means that they are primary target and they dont want to be sacked.

I think TechMahindra has a good target of reducing atleast Satyam's workforce by 25%.
They can either move some of them to TechMahindra or directly sack them.
But the best thing would be to find some projects for them.
If sacking starts we can hear it might be either forced resignations or direct pink slips.
Many ladies are willing to quit the company before the sacking starts for their personal reasons.

I can see many young freshers who joined the company writing the bank exams/govt exams etc and also applying for higher education abroad and India.Hope for the best in the interest of satyamites.

satyam 2 axe jobs..tech mahindra

Tech Mahindra, the new owner of scandal hit Satyam Computer Services, is set to axe jobs at the beleagured IT firm to make it a viable business entity.

“Adjustments will be made within a month to trim costs”, A S Murty, Satyam’s chief executive officeris understood to have told his employees on Monday, shortly after Anand Mahindra, VC & MD, Mahindra Group & Chairman, Tech Mahindra addressed over 20,500 employees in the firm.

Satyam has a work force of 48,000 of which 80% are off shore employees and the remaining 20% are on-site workers. The immediate casualties could be workforce on the bench, besides employees doing support functions. An estimated 12,000 employees are on the bench. Key customer facing employees will, however, be retained, said a person privy to the transition plan.

Anand Mahindra also did some plain speaking, though he made no reference to lay-offs, said an employee present at his maiden address at Satyam’s corporate headquarters in Hyderabad.

"We will take a decision on whether or not to re-brand Satyam in a few weeks. Tech Mahindra will also look at a merger of the beleagured IT firm few years down the line, Anand Mahindra is understood to have said. An immediate merger is ruled out as per the terms and conditions of the sale agreement.

Satyam will have a new chief financial officer. “The CFO would be a person with financial excellence and leadership”, said Anand Mahindra. The CFO’s post fell vacant after Srinivas Vadlamni, the earlier CFO who was charged with conniving with the firms disgraced founder B Ramalinga Raju in the fraud, quit.

The Pune based IT services company Tech Mahindra has agreed to pay Rs 58 per share to take management control over Satyam.

Bad times for Raju community...

Bad time for Raju community is going on...It was Siris Raju, Nagarjuna Finance Ltd., KS Raju and then followed by Satyam Computer Services Ltd Ramalinga Raju.


While KS Raju was caught by police,Ramalinga Raju confessed the fraud.
Companies started by Rajus raise to fame before they fall .

But both these rajus were in heights before the scams came over.Both are caught in financial matters only.




God save Raju community.All Rajus do good before they fall prey of some other people.

Satyam pays Salaries

Satyam Computer services Limited which is in middle of crisis paid salaries to all its empolyees.This was not covered in any news paper or Tv channel.This once again proves that media covers oonly news which creates tensions.

Satyam also gave employees salaries as per schedule.There were no reductions etc.
So this proves media created rumors like employees will not get salary for 2 months etc.

Banks and satyam employees

Many satyam employees are receiving mails ,messages about their credit limits getting cut.Some of them are

1.Icici bank --They reversed the card limit if you dont have any dues.
2.kotak mahindra bank
3.Barclay bank

Kotak Mahindra Bank cut the credit limit from 52000 to 15000 rupees and cash with drawl limit was totally cut.

Barclay Bank cut the credit limits to 15000.

Media covering only bad news on Satyam

Media is showing more interest on Satyam .They are putting all rumors more importance that the original fact .I feel that they are writing their own views without any base truth.
some of the media news which are false are but were highlighted are

1.Suicide attempt by Satyam CFO (When this news was scrolled in a TV channel he was in office doing normal duties)
2.Removing 10000 employees (No satyam employee got a mail that there will 10k removals).
3.Satyam employees will not get 2 months salary (No satyam employee got any mail about this)

these news are making many people having sleepless nights.There are around 2lakh people dependent on Satyam directly or Indirectly.

Media does even put the Important points told by Satyam new Board.All rumors get place in first page but the steps taken by new board are not shown up properly or highlighted.

Media for getting sales up,they are doing these cheap tricks.Media will also suffer soon if they do these cheap tricks.

Satyam employees against ICICI bank

Many satyam employees who took credit card using satyam payslip ,satyam id card as proof.Got messages(sms) saying that their credit limit was cut down to nearly 90%.Internally many employees started a moment to cancel their ICICI bank credit cards .Many started calling to ICICI customer care to ask why their credit limit was reduced.They got an answer that it is because of Economic Macro Conditions.They canceled their credit cards by telling same reasons.People with only one credit card are waiting for applying new credit card and canceling ICICI bank ones.
They have a good argument to support also.They say that when we got some information about ICICI bank bankruptcy they did change their salary accounts or credit cards.Now ICICI bank doesnt have same faith in Satyam.

ICICI bank may increase credit limits to normal but ICICI bank will suffer because of this decision which hurt the sentiments of Satyam employee

YSR letter to Prime Minister On satyam

Today's revelations of the Chairman of Satyam Computer Services Limited have come as a grave shock to everybody in the country. We, in Andhra Pradesh State, are particularly disturbed as the headquarters of the company is in Hyderabad with many operational facilities spread across the State.
While I have no doubt in my mind that Law will take its own course, our major and immediate concern is about the fate of 53,000 employees of the company. As you may be aware, majority of the clients / customers of the company are Fortune 500 companies, who will be averse to do business with companies having fraudulent managements and they will have every right to cancel the existing contracts, which will jeopardize the interests of the employees and innocent shareholders.
I, therefore, urge you to kindly constitute a management team with immediate effect comprising of personalities of globally known integrity and competence viz., Sri Azim Premji, Sri Narayana Murthy and Sri Ramadorai to manage affairs of the company to restore the confidence of the global customers in its business continuity, so that the interests of the employees and other stakeholders are protected till an alternative credible management is put in place for the company.
Yours sincerely,
(Dr.Y.S.RAJASEKHARA REDDY)
Dr. Manmohan Singh,
Prime Minister of India,
New Delhi.
--------------------------------------------------------------------------
The above letter was also sent to:
Sri P.Chidambaram, Union Home Minister, Sri Montek Singh Ahluwalia,
Deputy Chairman, Planning Commission and Sri Prem Chand Gupta, Union
Minister for Company Affairs.

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