Friday, May 15, 2009

Satyam may lay off over 12,000 employees

http://business.rediff.com/slide-show/2009/may/15/slide-show-1-satyam-may-lay-off-over-12000-employees.htm

Maybe it'll happen or not, but what they do is completely upto them and I don't want to hear from anyone saying that their families will get effected and crap like that. Agreed losing a job is a hard thing and getting another is even harder but hello India ain't a socialist state any more.

And please for heavens sake companies exist only to make profit, think otherwise maybe it's time for you folks to get a time machine and go back into the glory days of Nehru & Indras' India. You can't have the cake and eat it too folks. If you are willing to embrace the capitalist world then do it completely don't dither, it'll only end up making things much worse.

Seriously if this sort of a thing is what is in store, then the governments that are going to rule both the center and Andhra Pradesh will have a lot on their plates even before the swearing-in-ceremony.

Oh & btw a little birdie tells me that everything is in place for Raju to come out of judicial custody/jail before the end of summer and after that it'll be a very prolonged battle in the courts of law that maybe his great-great-grandson will get to penny up the mistakes of his not so great-great-grandfather.

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