As a part of cost cutting measures to tackle global economic downturn, IT major Tata Consultancy Services (TCS) on Thursday said job cuts are possible and ruled out salary hikes next year.
After a long wait finally some action from indian services company.... better late than never....
things have gone from bad to worse, but indian compaines have not taken any remedial action...
i would like to more salary cuts, than job cuts... it would help stabilise the economy....
we have grown too fast for our own good... now is the time to stabilise... and build on what we have...
build infrastructure .... and so on.. required for growth when the recession ends
its just the begining, indian companies were arrogant not to take any action when whole world cracking their brains.... now we should similar action from other companies... and then the collapse of indian economy...
these arrogant IT professionals have taken huge loans, with the assumption that real estate prices can only go in one direction... now we will see it going in the opposite direction...
it was just a matter of time, before one of the indian companies announces job cuts... and other follow... we have reached that time... and the time of collapse of real estate market...
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