With rumours abound that Satyam is planning to fire some 15,000 odd staff personnel due to inability to pay their salaries. There is also speculation that Satyam is likely to freeze the salaries of its employees for two months due to lack of cash in their accounts to pay them off.

“Even if we are not retrenched, we may face cuts in our salaries. This whole thing is not our fault,” said one employee who, like all others interacting with the media at Satyam campus, spoke on condition of anonymity.

With tears in his eyes, this ‘Satyamite’ of three years further added that he got Rs 72,000 per month till last year, and had bought a car and even taken a home loan.

“My total liabilities are now over Rs 45 lakh. I don’t mind selling my car. But what do I do about my home? I have to live in that with my family,” the employee said.

Similar tales are being heard from other ‘Satyamites’ at the IT firm’s corporate office and other campuses at Madhapur and Begumpet.

A middle-level executive confessed that he has exhausted the credit limit on no less than six cards.

“I used to visit pubs, take annual holiday trips and purchase expensive gadgets. Now I am finished. But I know that I cannot escape this mess. The banks will surely come after me,” he said.

According to this employee, over 30,000 resumes have already been uploaded for jobs on various sites on the Internet.
“That’s what I’ve heard. And I am one of them,” he pointed out.

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