More Job Cut coming for India IT Companies

Forward by Srujan

In the last few months the world has changed a lot and it will be never same again for years to come. All over the world, job cut has started seriously and major counties like US, Europe, Japan etc where India has a great interest so far as IT is concerned have already gone deep into economic downturn. Inspite of the best efforts of various concerned authorities in various countries, the situation has not improved at all. Major US companies have already announced big job cuts and they have already cut doen their IT spending for this year. This business strategy will cintinue in the coming days, considering the bad business conditions all over the world. It will definitely lead to more job cuts as SATYAM has done recently. Of course SATYAM may not be good company at all, beuase Raju is not taking much interest in that compnay because of his less stake in the company, but other IT majors like HCL, INFY, etc are soon going to cut jobs. They have already started cost cutting measures, and soon start job cutting also as a measure to cut cost with less business. Particular companies like HCL are very riskly. So try to stick to good companies never attempt to switch to companies like HCL for better job security ! In fact few days back one of my friend told me that his friend who was working in HCL, Chennai was fired abruptly with a 3 days notice period !! Be careful !