Layoff's

That's the news that is making rounds all over the IT sector in India. It is not as gloomy as projected to be but the news is slowly trickling as did the financial firms bankruptcy. People are keeping their ass tight and holding on to their chair at any cost even if his neighbour is asking the chair to sit on it for a minute. Insecurity about their job whether you are fresher, 2-3yrs experienced or 10-15 yrs experienced is seen. Under performers will now seriously be on the radar of service based companies especially.


I normally do not talk things so negatively, but it is time to raise the second warning signal out of five. Acquisitions in electronic product (Panasonic - Sanyo) based companies, mergers in the IT sector, GM - Ford losses in the automobile sector and then there is always the Google - Microsoft battle to go one up over the other for survival are always on the cards. Google business news is all about job cuts, mergers and quarterly reported losses. When the big dogs are fighting hard to earn their bread, imagine how many start up's and financially half supported companies would be facing the music.

As if this wasn't enough rumours in the cubicle early morning that Cadence has laid of 14 % work force globally, Satyam has given pink slips to 500 people and an other MNC has stopped hiring people and not giving offer letters to people it recruited etc. This was in addition to job cuts reported by TCS, Wipro, Satyam in the last month. The pink slip count is increasing. While the authenticity of the news can be questioned with outright defiance, this piece of news would never be open for public debate. Companies will not release this data fearing that their business will be affected.


A topic on Leo's suddenly has turned my attention and has taken me away from the monitor for a while. Now the steam that was fuming out before I was distracted, is not gushing out. This is the news from the automobile sector.

New vehicle sales have tumbled to a level that, adjusted for population growth, hasn't been this low since just after World War II, an "unsustainably weak level," says Mike DiGiovanni, GM's executive director of global market and industry analysis.

Still, this chaos has come down all of a sudden because of this worst financial crisis that you and I are being part of and seeing it with wide eyed delusion. You would only know when that affects you and that time pinching yourself twice to check if that's a dream or a reality is not going to help.


Everyone has to face the axe. Perform or perish is taken seriously than before. It can be atleast a couple of years before the world can stage a comeback after this turmoil. So for the time being, the ones who are holding to their seats, put your head and foot down and eke your livelihood with minimum fuss at your work places. Any nusiance that you create in this hour will put you in the limelight outright. I still say the situation is not as glum as I am projecting it. But the sights of panick button which were once not visible from your cubicle, is now conspicuous and may just appear it to be getting closer to you with every passing day.