Satyam saga is surely going to add to the downturn as fate of 53,000 employees hangs by a thread.
It’s not about who is going to acquire Satayam or the bailout plan (if any), the bigger fear is what if clients move away from the deal (most likely TCS/Infy/Wipro/HCL will benefit)? Obscured with such uncertainties, 20,000 resumes of Satyam employees are floating on the web.
Frankly, the worst fear is that these employees will end up creating a job economy slowdown and will impact the Indian IT job market very badly (the talent will come cheap, so other’s bargaining power also goes down).
What’s your opinion on Satyam saga?
Interestingly, Ramalinga Raju’s fansite has been taken down.
Satyam candidates
New and updated resumes in
Last 3 days – 1375
Last 7 days – 1891
Last 15 days – 2498
Last 1 month – 3439
Last 3 months – 5810
Data from http://www.monsterindia.com, as on 09-Jan-09, 1:53 PM
i need reumes of satyam candidates
Now that I read this, an interesting thought comes to mind.
Since talent will become cheaper, won’t the Indian IT sector re-gain it’s cost advantage, which, for the past year or so had risen significantly.
The silver lining(if there is any) in this whole fiasco, is that if the industry is able to absorb this newly created talent pool and leverage it lower it’s cost, any dreams China or any other country has for catching up with the Indian IT industry, will be shattered.
Hi Raseel,
Righto. Cheap labour also means that it is a better time for owning a software company than working for one.
cheers
nilesh
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