MUMBAI -- India's Satyam Computer Services Ltd., now operating under the Mahindra Satyam brand, will recruit around 1,000 college graduates by mid-December, a senior company executive said Friday.
"The need to hire some entry-level people is being felt because of attrition and to prepare for the future," Hari T, chief people officer, told Dow Jones Newswires.
Fraud-hit Satyam was acquired by Tech Mahindra Ltd. in April via a government-led auction after Satyam's founder and then chairman confessed in January to cooking the company's books.
These recruits will be among the 7,000 who received offers from Satyam before the scam came to light, Mr. Hari said.
Satyam was doubly hit by the global economic meltdown as clients canceled projects and sought price cuts as they faced pressure on profits.
In a bid to cut costs, Mahindra Satyam also cut salaries and placed staff who were not working on billable projects on forced leave.
However, the company is now recovering from the fraud and the impact of the global meltdown.
Mr. Hari said the company has already recalled about 1,500 people from the original 8,000 placed on forced leave.
0 comments:
Post a Comment