Well, the stuff has hit the fan. Global economy is sputtering. US economy has officially been declared as being in recession even though it was a foregone conclusion. Some of the European economies are already in recession. The job losses in US so far have totaled 2 million and counting.
The Indian IT industry employee who [...]
Archive for December, 2008
‘Tis the Season: Layoffs in India
Posted in Outsourcing, tagged Layoffs, Outsourcing on December 13, 2008 | Leave a Comment »
Recession 2008 -Avenues for new business
Posted in Outsourcing, tagged Outsourcing, Recession on December 13, 2008 | Leave a Comment »
The recession is now in full swing. The spectacular growth story of Indian IT companies is under threat. While they are hoping to ride this out, they are being cautious with their own capital spending. These already fiscally-conservative companies are turning more conservative with hiring freezes, pruning of staff, limited/no pay-hikes, restrictions on travel and [...]
Terrorist Attacks in Mumbai, India
Posted in General on December 3, 2008 | Leave a Comment »
My deepest condolences to all the innocent victims of Mumbai Terror attack last week. May you rest in peace! As somebody who has spent time near the places of attack, it pains me to see the utter failure of Indian government in preventing repeated terrorist attacks. Without getting into personal rants, I hope that India [...]
