The Recession in the IT Industry and all over the world affecting Indiann Market also very badly. Thousands of people are going to be laid off.
Multinational companies, outsourcing companies have started laying off people. Others have ordered a freeze on hiring.
Everyday, there are fewer and fewer jobs to go around. .
One more multinational company Unilever has announced plans of cutting costs. In a letter to its employees, the company has warned of job cuts across its subsidiaries globally and India too will be impacted.
The numbers are reflected in the job applications by people already laid off. At an HR firm ABC consultants, 25 per cent of applications are from people who have lost jobs.
"There is a hiring freeze. They are not filing existing positions and letting natural attrition happen. Another aspect is performance appraisal has become stronger and taken a whole new meaning, instead of half yearly it has become quarterly," said Shiv Agrawal, consulatant.
In a global economy several jobs in India like those of Gholap depend on the conditions abroad.
After freeze on hiring and tougher performance appraisals, jobs across the world including India will face a tough test for survival.
by people already laid off. At an HR firm ABC consultants, 25 per cent of applications are from people who have lost jobs.
"There is a hiring freeze. They are not filing existing positions and letting natural attrition happen. Another aspect is performance appraisal has become stronger and taken a whole new meaning, instead of half yearly it has become quarterly," said Shiv Agrawal, consulatant.
In a global economy several jobs in India like those of Gholap depend on the conditions abroad.
After freeze on hiring and tougher performance appraisals, jobs across the world including India will face a tough test for survival.