9 Jan 2009:NEW DELHI: Infosys Technologies, the country’s second-largest IT services exporter by sales, has told its human resources (HR) executives to
refrain from hiring employees of Satyam Computer Services.
This comes a day after revelations of financial fraud at Satyam, which has left its 53,000 employees in a state of uncertainty.
“We have asked our recruitment staff not to poach anybody from Satyam. The company is in the middle of a crisis and people will jump ship,” Infosys Technologies HR, education & research and administration director TV Mohandas Pai told ET. On Wednesday, Infosys had ruled out any possibility of taking over Satyam. “We will not touch such a tainted company,” Infosys founder and non-executive chairman N R Narayana Murthy had said.
A person familiar with the matter, who asked not to be named, said that Infosys would refrain from even hiring domain experts or project managers from Satyam. Infosys has even advised staff against entertaining calls from Satyam employees. This development comes as Satyam employees flood search firms and job portals with their resumes.
Although Satyam’s top management put up a brave face on Thursday, saying it has assured employees of their future, the flood of messages at job portals and frenzied blog postings tell a different story. Addressing a conference on Thursday, Satyam’s interim CEO Ram Mynampati said that the company had taken care of employees’ December salaries but faced a cash crunch.
Source:
http://economictimes.indiatimes.com/articleshow/3954039.cms
refrain from hiring employees of Satyam Computer Services.
This comes a day after revelations of financial fraud at Satyam, which has left its 53,000 employees in a state of uncertainty.
“We have asked our recruitment staff not to poach anybody from Satyam. The company is in the middle of a crisis and people will jump ship,” Infosys Technologies HR, education & research and administration director TV Mohandas Pai told ET. On Wednesday, Infosys had ruled out any possibility of taking over Satyam. “We will not touch such a tainted company,” Infosys founder and non-executive chairman N R Narayana Murthy had said.
A person familiar with the matter, who asked not to be named, said that Infosys would refrain from even hiring domain experts or project managers from Satyam. Infosys has even advised staff against entertaining calls from Satyam employees. This development comes as Satyam employees flood search firms and job portals with their resumes.
Although Satyam’s top management put up a brave face on Thursday, saying it has assured employees of their future, the flood of messages at job portals and frenzied blog postings tell a different story. Addressing a conference on Thursday, Satyam’s interim CEO Ram Mynampati said that the company had taken care of employees’ December salaries but faced a cash crunch.
Source:
http://economictimes.indiatimes.com/articleshow/3954039.cms
