Infy not to Hire Satyam Employees

Hyderabad Jan 9 :We will not touch such a tainted company,” Infosys founder and non-executive chairman NR Narayana Murthy had said.
As per an internal mail sent to the company’s HR heads on Thursday, Infosys asked its staff not to recruit any Satyam associate, either in their individual capacity or as teams. A person in the know of the development, who asked not to be named, said that Infosys would refrain from even hiring domain experts or project managers from Satyam.
Project heads usually migrate in teams, bringing along domain expertise to service a particular client. Infosys has even advised staff against entertaining calls from Satyam employees. This development comes as Satyam employees flood search firms and job portals with their resumes.
Although the company’s top management put up a brave face on Thursday, saying it has assured employees of their future, online traffic at job portals and frenzied blog postings tell a different story. Addressing a conference on Thursday, Satyam’s interim CEO Ram Mynampati said that the company had taken care of employees’ December salaries but faced immediate liquidity problem.
While the crisis at Satyam has made a lot of quality talent available for poaching, the ongoing economic downturn has led to IT services firms going slow on recruitment.
(Source Economic times)