Employes relieved, tread with caution

The news of Tech Mahindra emerging as the highest bidder to acquire a controlling stake in Satyam has attracted mixed responses from the fraud-hit IT major’s employees. Associates are trying to build up a hopeful image and get away from the fear of job loss, although no promises have been made before them.

Employees at Satyam’s headquarters in Hyderabad sported a festive mood on Monday. Anita, who has been with the company for the last three years, said, “This is the greatest relief I have got in my career.” There is reason for her rejoice, as her project, which is related to ERP business, was nearing completion and there was no sign of its extension. With Monday’s news, she is hopeful that some of the contracts may be renewed.

However, many Satyamites feel that HR policies Tech Mahindra and Satyam are different.

Rajesh, an employee at Satyam, is worried about cultural differences among the companies.

Varun Podalala, convenor, Satyam Freshers Union, said, “We are worried about the offer letters issued by Satyam; we are clueless whether they will be honoured by Tech Mahindra,” he said.

About 10,000 students from various colleges were given offer letters before the scandal broke out.

Ravi, who is on the bench of Satyam, said, “We are not sure if we will be absorbed by Satyam or Tech Mahindra.”