IT sector prepares for salary cuts, layoffs


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desi in ottawa   
Member since: May 04
Posts: 1627
Location:

Post ID: #PID Posted on: 26-02-08 07:56:08

http://www.newindpress.com/NewsItems.asp?ID=IEL20080226001000&Page=L&Title=B+R+E+A+K+I+N+G++++N+E+W+S&Topic=0

"In the past companies were absorbing everyone and did not bother to train them. Now with less work orders, they have a better choice of selecting well qualified and competent people,'' sources said."



goldeneye   
Member since: Mar 05
Posts: 454
Location: London, ON

Post ID: #PID Posted on: 19-03-08 21:58:05

also the falling US dollar is a major contributor to layoffs.


the rupee strengthened by almost 10 - 15 % ...meaning that the indin companies will get 10 - 15 % less revenue and have to pay same or more to their employees.


hence the cost cutting + layoffs etc


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