Senior Satyam staff quit over work rejig

Satyam continues to face attrition at the top level. This time round, the company’s decision to displace several employees from their positions has triggered the exits, say sources privy the development.

Ravi Bommakanti, head, TIMES vertical in the US, and Kiran Cavale, head of the data warehousing application service , are understood to have put in their papers. Tech Mahindra, the parent company, had earlier placed around 8,000 people in a virtual pool for six months and these employees were entitled to draw part of their remuneration . 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.”

But unlike those in the virtual pool, associates who have been identified for the corporate reserve are set to draw their full salaries, although exact details of their package are not known yet. The process of identifying employees for the corporate reserve is over and the exercise could be implemented by the end of this week.

ET had reported this development on Monday. The restructuring is primarily to eliminate duplication in roles. This model is expected to reduce overheads.

“There will be a natural cost benefit that a company will accrue due to realignment of roles and responsibilities and optimal use of resources,” a company spokesman told ET earlier. Employees belonging to Band Bi and above have been rendered surplus due to this restructuring because they were in horizontal competency units where leadership positions are now redundant.

The absence of a defined role after the rejig may have also compelled employees to look for better opportunities, said sources. The horizontals or software application services such as Oracle, data warehousing , business intelligence now have a special group of consultants to train the other associates on the required software service required for a project.

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