Troubled Indian IT services provider has lost a total of 13,000
staff since its former chairman admitted to a
$1bn accounting scam.
The skills of the staff at the company, which is currently being
sold off, are an important asset to any potential acquirer.
A mass exodus of staff
could deter potential acquirers.
According to a report on Indian website Mint Satyam now has
40,000 staff compared to 53,000 in January.
Satyam said it could not comment on the number of staff it has
until after it has restated its financial results.
Satyam CEO AS Murty, who took over the role at Satyam last
month, told Computer Weekly the company's staff are the real power
behind the organisation. If an acquirer is to make a success of the
Satyam legacy it will need to win them over.
One of the imponderables facing potential acquirers is what
effect the loss of staff will have on the company's ability to
provide services to customers, said Mark Lewis, partner and head of
outsourcing at law firm Berwin Leighton Paisner.
According Kris Lakshmikanth, CEO at Indian recruitment firm The
Head Hunters India,
14,000 Satyam workers put their CVs on the web within a day of
news of the fraud breaking. He said that individual Satyam staff
and project teams are weighing up their options.