Source: DNA
Tech Mahindra, after gaining control over the troubled IT major Satyam Computer Services, seems to be getting straight to business.
The company intends to downsize operations beginning with the business process outsourcing arm Satyam BPO (formerly called Nipuna).
Sources in the company said the layoffs will begin with the support department. "The billable staff is not going to be disturbed now. It is the support staff that is likely to exit," the source said.
Satyam BPO has over 3,000 associates and the ratio of billable staff and the support staff is about 35:1. "The target is to make it 80:1. This means a major shake-up in the BPO arm," the source said.
About 60% of the support staff face the axe.
Tech Mahindra has decided to use Satyam's existing marketing, HR and other support functionaries for the BPO too instead of having a separate set-up.
Sources among employees said that there are about 80 people in the HR department alone and about 60 of them are likely to go.
"Particularly the support functions in both Satyam BPO and Satyam are obscenely overstaffed. Any effort to resurrect Satyam would happen only by rationalising these functions," the source said.
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