Employees panic at Satyam

Employees of Satyam Computer were in disarray following their Chairman B Ramalinga Raju's resignation after the firm admitted to financial wrong-doing, leaving the entire business world of the country shell-shocked.

Panic-stricken employees were seen in small groups outside the corporate office, discussing the issue.

However, they remained tight-lipped before the media. A team leader Raghu K said the resignations have not "surprised us," but the news attached to it is worrying.

He said the top management has not yet made any communication with the employees in this regard.

When asked about their (employees) reaction to Raju's resignation, he said, "There is panic among the employees. But daily work has not been affected."

"We (employees) are now worried about the jobs. We hope whoever takes over the company will put things right," he added.

Most of the employees are also worried about their financial commitments like payment loan dues.

C R Aravinda, a junior employee, said, "The only thing we can do is to work hard. We are serving clients as usual." He, however, said he was not aware about the developments.

B Ramalinga Raju, along with his brother Rama Raju, who is also MD of the company, resigned today following a two-week-long row over the Satyam-Maytas episode.

via Rediff