2. Satyam decided to fire 3500 employees officially (unofficially who knows the numbers) in Hyderabad itself they have fired 400 People.
3. MerryLinch was purchased by Bank of America to save them from Bankruptcy
4. Today American International Group (AIG) is begging to save them for Bankruptcy and JP Morgan Chase and Goldman Sachs coming together to save AIG click the link for more information http://sify.com/finance/
5. Hewlett-Packard (HP) has decided to cut 24,600 jobs world wide in next three years as part of its integration with computer services firm Electronic Data Systems why they integrated with EDS? http://sify.com/finance/
2 comments:
Hello All,
Thanks to Y for sharing this info. I have something to add to it. This is the inside news got thru my contacts in those companies.
1. ICICI Bank is running in huge losses and has closed some of its LOBs. Very uncertain about the Bank's future but the officials say that their customers' investments are in no danger.
2. Satyam people say that the layoff is very much a rumour but however, their manpower intake is reduced to certain extent.
3. BoA is doing good and their hiring is on going.
4. That's a right news about HP after it has taken over EDS. The cut off has already taken its kick.
5. There's a lay off of non-residents in USA. However, British market is stable.
That's all for now.
Sreedevi
Now we are talking!!! Glad to see this folks. In due course I would like to make this a strong forum where we can exchange ideas! I will posting one myself very soon!!
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