Finally there is a sigh of relief among all of us with govt stepping in & taking swift measures to get Satyam back to normalcy and Jan salaries being paid off ! We lost few major clients as reported by media but managed to retain most of them. Now we can find the light at the end of tunnel as many prominent players are showing interest to takeover Satyam. They include L & T, iGate, Hindalco & Spice Group !
Even if some other company buys Satyam layoff will be inevitable. The first thing any new management focuses on will be increasing the Bottom line of their balance sheets (Operating margins) by cutting cost. And in any IT company chunk of the expenses are on its associates. Axe will definitely fall sooner or later but the good news here is that jobs of thousands of other associates will be protected.
I personally believe, initially when this crisis broke out govt acted promptly and taken few very good decisions. But things now are now very sluggish. For the past one month, the headlines of very news channel and paper is Satyam. With elections in the sight of visibility news on Satyam might be sidelined & can be found only in the middle pages! Slowly, steadily but surely they are bringing it back on track. It might take another couple of months to unfold the future of this company and 2 more quarters it should be business as usual ! We might also see a change in the name, another CEO, CFO etc.,
Even if some other company buys Satyam layoff will be inevitable. The first thing any new management focuses on will be increasing the Bottom line of their balance sheets (Operating margins) by cutting cost. And in any IT company chunk of the expenses are on its associates. Axe will definitely fall sooner or later but the good news here is that jobs of thousands of other associates will be protected.
I personally believe, initially when this crisis broke out govt acted promptly and taken few very good decisions. But things now are now very sluggish. For the past one month, the headlines of very news channel and paper is Satyam. With elections in the sight of visibility news on Satyam might be sidelined & can be found only in the middle pages! Slowly, steadily but surely they are bringing it back on track. It might take another couple of months to unfold the future of this company and 2 more quarters it should be business as usual ! We might also see a change in the name, another CEO, CFO etc.,
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