[saiepi9]

Satyam Computer Services, which is now controlled by Tech Mahindra, is planning to lay off 12,000 to 14,000 employees.
Sources said that the new management made a formal announcement before senior management personnel on Thursday on the issue of reducing manpower by up to 14,000 people.
Satyam currently has just over 40,000 employees, of which 19,000 are 'billing employees,' while just over 20,000 are 'non-billing' staff. Almost everyone currently on the 'bench' is in danger of losing employment at Satyam, a source said


Dutch state-controlled bank ABN AMRO plans to cut 6,500 jobs over three years and cut costs 20 percent, labour union CNV said on Tuesday.


American Express Co, the credit card and travel services company, on Monday said it plans to eliminate 4,000 jobs, or 6 percent of its workforce, as the weakened economy causes higher customer defaults.

[AjayKumar.Kataram]

situation is too bad we cannot predict the situation......

[suresh_edk]

Originally Posted by AjayKumar.Kataram

situation is too good......

Hi Ajay,

Situation is really bad... everyone is having a fear of losing their jobs.
Most of the companies are forced to do like this.
Especially, every Satyam employee has become a victim for world economic crisis and the fraud which happened internally...

I don't have enough words on how to explain their fear.

Suresh

[saiepi9]

Mahindra Satyam may axe 5,000 benchers

The axe is haunting Mahindra Satyam staff, months after they were assured that there would not be any layoffs. On Monday afternoon, many Satyam’s employees on the Virtual Pool Program (VPP) of the company were sent a formal notice of two months by e-mail. "The surplus employees will be put in the VPP and paid basic salary, PF and medical insurance,

Sun Micro to cut 3,000 jobs

Computer maker Sun Microsystems Inc is cutting 3,000 jobs worldwide, or about 10 percent of its staff, blaming delays in its $7 billion sale to Oracle Corp. Sun is losing about $100 million a month because of uncertainty about the computer maker's future as European antitrust regulators pursue an in-depth probe of the transaction. Rivals IBM and Hewlett-Packard Co are taking advantage of the uncertainty by poaching Sun's customers with steep discounts. Last year it announced plans to 5,000 to 6,000 jobs and posted a net loss of $2.2 billion. Sun said the job cuts would take place over the next 12 months, and it expects to take $75 million to $125 million in charges over the next several quarters. It said the job cuts would occur worldwide -- in its North America, EMEA, APAC and emerging markets regions.