Panic-stricken employees of Satyam Computer Services have started hunting for jobs on a war-footing after the company chairman B Ramalinga Raju startled corporate India with his revelation that figures in the balance sheet were inflated.

While thousands of employees have started posting their resumes on job portals, several others are approaching placement companies. This includes more than 200 employees who have resigned during the last four days ever since things got worse.