Satyam starts firing non billable staff

Satyam Computers have started firing the non billable employees ie the HR, Training staff and Administrative staff. This is a precursor to the Big firing plan for the troubled company. The company sources confirmed that they still have kept their options open in terms of 10000 employees currently on bench.

The company is also rumored to be giving another option ie employees can go on leave without pay for an time, till there is any requirement. Many seem to prefer this option of sabbatical which will atleast save their jobs.

The company sources said almost all the questions will be answered by end of June.

Chrysler and GM bankruptcy – No impact on TCS and Wipro.

The media has been making wild guesses about the impact of Chrysler and GM bankruptcies. Economic Times went on to say how Infosys will be impacted along with TCS in case of Chrysler bankruptcy, the news made one point very clear the Media lives and thrives on speculation and Rumors. The fact that Infosys withdrew from Chrysler almost a year back and only TCS and Syntel are Chrysler’s vendors was probably not known the speculator from Economic times.

And in terms of impact Chrysler included TCS in its critical supplier list and All TCS payments were cleared by bankruptcy courts. There has been no ramp down after the bankruptcy as these companies had already planned out these things. Also TCS has started getting more work in terms of renaming the Chrysler in its applications and preparing for the Fiat alliance.

This could be the case with GM, the Government is helping these companies clean the slate in terms of Debts and nothing more. So If at all there is any impact it could be positive on the Indian vendors in long term.

Microsoft to release Windows 7 on October 22 2009

Microsoft announced on Tuesday the expected release date of its much awaited upgrade to Windows VISTA, the Windows 7. Microsooft expects Windows 7 to be widely available by October 22. By that time you can get a retail copy of Windows 7 and most of the PCs will be preloaded with the new Windows.