It was supposed that the acquisition by Tech Mahindra of the fraud hit IT giant Satyam computers would bring some stability to the company. But it looks the murkier days are to loom longer. Recently some Satyamites have confirmed the loss of two major projects and one average project. These termination of projects are supposed to add more than 500 workers to the bench strength. This will further enhance the number of workers who are dreading a pick slip.

Agilent Technologies and Lowe's Companies, two US based clients of Stayam computers have now closed the door on Satyam. This was then followed by Euronet Worldwide a banking Co. Agilent was supposed to be a big project that involved around 300 professionals. This was the second contract cancelled by Agilent. The previous one had happened in January this year when the project had gone to Hewlett Packard. This current loss has proved to be a gain for TCS.

It looks like all the hard work by Satyam and Tech Mahindra staffers to revive the tarnished reputation is not paying off well. IT manpower recruiters are now seeing a sharp rise in job application with workers dreading pink slips every passing day.