MAHINDRA Satyam is on course to cut more flab to trim costs. After placing over 8,000 employees on the virtual pool, the company has now created a “corporate reserve” akin to a ‘bench’ for over 500 associates. The move, however, sparked off speculation about possible exit of senior-level employees in the Hyderabad-based outsourcing firm. In an internal communication, the company said, “Associates belonging to the enterprise business competency (EBS) and those in sales, relationships, operations management, programme management, delivery integration, solution frameworks & presales will reside in the corporate reserve till allocations are made. “We are implementing the new organisation design, effective August 2009. As a logical next step, the new organisation design would require alignment of associates into the newly formed Integrated Business Divisions units (IBUs) and competency units. With the transition, some of the erstwhile units like vertical business units and horizontal competency units will not be applicable anymore, we have temporarily created a unit called corporate reserve”, said T Hari, chief people’s officer and chief marketing officer of Mahindra Satyam. “There would only be a few hundred associates in the corporate reserve”, he told ET. The firm’s founder B Ramalinga Raju had confessed to fudging accounts for several years. Pune based Tech Mahindra is the new owner of Satyam.
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