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Tech Mahindra looks at lay offs

Now that Tech Mahindra has secured Satyam in its fold, the former is leaving no stone unturned in sprucing up the business and shedding excess flab. This means downsizing operations and Tech Mahindra intends to kick off the process beginning with Satyam BPO (the erstwhile Nipuna). 60% of the support staff in the BPO is set to face the axe. Further, Tech Mahindra has decided to use Satyam's existing marketing, HR and other support functions for the BPO too instead of having a separate set-up. The target is to save about US$ 200 m in costs, which means that more layoffs in the future cannot be ruled out. Given that many departments in Satyam were overstaffed, it is only natural that Tech Mahindra would want to go in for slashing jobs. Thus, while Tech Mahindra's strategy in this regard is pretty clear, Satyam employees continue to be fogged by an air of uncertainty

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