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  • The CE Ultimate Layoff Debate

    Kaustubh Katdare

    Administrator

    Updated: Oct 26, 2024
    Views: 1.2K
    This thread aims to seek various views from our crazy engineers all over the world about the latest wave of lay offs happening all over.

    To start with here are few points that we'll cover:-

    • Layoff : the ultimate option for the companies in its bad times
    • The companies lay off its people: brutal or 'professional'?
    • The 'layoff package' offered to employees: justified?
    Et al.

    Get started!
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  • gohm

    Member • Nov 4, 2008

    It is all about the $$ now. That is why companies lay off without furlough nowdays. Really you are having your employment terminated for economic reasons. It is more cost effective for the company to reduce overhead by eliminating positions and then filling them later at a reduced cost with new hires.
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  • neo1786

    Member • Nov 9, 2008

    layoffs are unprofessional......the company is letting go of ppl who wud stand by it in diff times..........i agree tht some companies dont hav an option,but it is still unjust on the employees part
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  • sauravgoswami

    Member • Nov 10, 2008

    well i wonder if any employee can work in the company without being paid for 6 months even if the company promises hefty bonuses after making profits.
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  • durga ch

    Member • Nov 13, 2008

    Intel , Applied MAterial and National semiconductors have put forward thier estimations for the fourth quater.
    And Sadly it looks sacking is on its way 😔

    #-Link-Snipped-#

    source NewYork times
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  • sauravgoswami

    Member • Nov 14, 2008

    So global reccession has not even left semiconductor companies,wonder which profession is safe these days,goin back to farming is a good option
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  • durga ch

    Member • Jan 3, 2009

    something different form the trend

    big shots like Yahoo! and CISCO are finding alternate employement for the staff they fire.

    #-Link-Snipped-#


    :smiles:
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  • aashima

    Member • Jan 3, 2009

    Different companies are incorporating different ways to do away with the losses due to recession. Iflex has reduced the package flat by 60k per annum. Many companies are increasing the working hours while under the same package to generate more revenue per hour. Wipro has done something all the way different. They have provided the joining letters well in time but have made them join Wipro BPO instead of Wipro Infotech for which the recruition was carried out.
    Reducing the packages, increasing the working hours is still better than laying off. Getting another job in this tough time is far bigger a task.
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  • sauravgoswami

    Member • Jan 3, 2009

    well most of the compaies are using it to their effect,even if they are not in recession they are still giving pink slip to their employess as far as IT is concerned IT cos which are depended on finance sector have been hit hard,those who havent diversified their business have suffered the most!!!! and there are still job in companies who are not catering to finance sector,of-course you will paid less but quality of work is far more better than IT czars!!!!
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  • Differential

    Member • Jan 27, 2009

    Here is something.


    Over 70,000 job cuts announced in a day

    January 27, 2009
    The deepening global economic recession claimed over 70,000 jobs in a single day, with six companies, ranging from manufacturing to telecom across the US and Europe, announcing job cuts as part of a cost cutting measures to grapple with the slump in consumer spending.
    With the bloodbath in the job market on January 26, the tally of total jobs lost in January so far crossed two million.
    Construction machinery manufacturer Caterpillar, pharma major Pfizer, telecom firm Sprint Nextel Corp, home improvement retailer Home Depot were among the six major firms that announced massive job cuts.


    Read the full story here...
    <a href="https://specials.rediff.com/money/2009/jan/27sd1-over-70000-job-cuts-announced-in-a-day.htm" target="_blank" rel="nofollow noopener noreferrer">rediff.com: Over 70,000 job cuts announced in a day</a>
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