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Thursday, January 08, 2009

Satyam Employees - advice for you!


  • Satyam pays you because you are their employee - don't be obsessive - if you think its time to move on - you should
  • Don't think of Stock Options that you are left out with, etc .. Satyam stock will take a miracle to recover - remember the liabilities that your big chor boss mentioned was to a tune of 1200 crores - any company that takes over your company will have to bear it. No one knows the real figure - who knows if Raju was bad in math as well!
  • Don't depend on mergers or acquisitions - they would be first to lay you off - unless you can muster the Jet Airways kind of agitation - protest in front of YSR!
  • It's good to be brave and supportive of your company right now - but you should also try to look out for a new job as well especially when the company's cash position is pathetically low. Remember, they may not be able to pay your salary next month
  • Try Linkedin - lot of consultants look out there or general job portal sites like Naukri, Monster
  • Find out your old friend's phone number!
  • Ask your friends from other companies if they have any openings (VERY VERY HARD in this bad economy)
  • Good place to start looking out are start ups, small companies which usually and always are on a look out for good employees - be prepared to slog - no US/UK trips! Pure Work!
  • Ask your bosses what your position is - and ask them to update you whatever the news is!
  • Now for few finance tips, If you have EMIs - home loan, car loan - save money for them so that you could continue to pay them for few more months without the bank guys squeezing your neck
  • Ask your banks if they could extend the EMI term period!
  • Take your PF money if you are laid off - should add to a good sum if you are a experienced chappy.
Got a tip for Satyamites ? Leave a comment!