Satyam has lost 13,000 staff

Troubled Indian IT services provider has lost a total of 13,000 staff since its former chairman admitted to a $1bn accounting scam.

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.

Read more on IT outsourcing

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close