With a big questions mark on its cash position and a minimum outgo on salary estimated at Rs 500 crore (Rs 5 billion) a month, Satyam may lay off over 10,000 employees next month, says a recruitment firm.
The rises in the sector follow an increasing churn rate.
Vemuri holds about 400,000 shares in IGATE which, at an offer price of $48 apiece, will give him $19.2 million
After Infosys, hike in other IT companies also seen in 6-9% range.
He will get annual base salary of $1.3 million apart from bonus.
Technology evolution forces private players to downsize operations.
With Infosys reportedly increasing the pay packages of senior executives, including executive vice-presidents and a few vice-presidents, threefold, the Indian information technology (IT) services space might well get a new benchmark.
IT majr Wipro needs stability at the top deck, say industry watchers.
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