The CE Ultimate Layoff Debate

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.

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

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.

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

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source NewYork times

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

something different form the trend

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

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:smiles:

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.

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!!!!

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>