Thursday, October 30, 2008

Indian corporates all set to cut jobs to remain afloat !!

If recent views from Associated Chambers of Commerce and Industry of India (ASSOCHAM) d to believed, many Indian corporate houses are planning to cut 25% of jobs in next 10 days. The companies wanted to initiate this process prior to Diwali but for humane reasons it was deferred. The key industries which will be impacted include real estate, steel, cement, IT enabled services and financial services sector. This would ideally mark the beginning of real economy slow down with average people facing the real brunt. There are currently no measures taken up by any of the trade organizations to avoid this since the problem is spreading like a plague across the corporate world.

Word of caution "Stick to your current jobs and prove your worth to the organization where you are working"

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