Tuesday, November 1, 2011

Round of layoffs

Three years ago, the recession will remember that day. Banks have collapsed one after another, failure of every attempt to prevent recession, mass layoffs, unemployment ... Then see what happens. After the 2008 economic crisis, the recession is looming up. Do not see any way out of the world right now. That's why the name of the large number of companies cut costs have started making plans to lay off employees.
In the past few months about a dozen giant one lakh 35 thousand employees of multinational companies have announced layoffs. These companies have substantial presence in India. Scheme to reduce costs, companies are going to do. Relating to financial services companies are at the forefront.Global slowdown has thrown here.