Layoff’s the Trend
World is facing big recession and this is no surprise for me. After every big baseless boom, there is a downturn. Same now. Property prices and other things of materialistic world were shooting up high like anything. That gave an hint about upcoming global recession. experts already warned about 4-5 months back when US was hit by Sub-prime housing and credit crisis which has led to create history records in business in US with MOST of companies, even the big names laying off thousands of workers, share’s dipping and market valuation of companies falling like anything. Laxmi Mittal has lost almost half of his wealth due to fall in shares. Yesterday ‘Zivity’ also announced that it will reduce it staff from 22 to 14 workers. Several bigger brands have curt operations, changed CEO’s and cut several part work force. Whole world is experiencing major layoff.
The no. of jobless has created history in US and several countries are trying to seal from US crisis effect, especially other world banks.
Most people that were laid off remain hopeful. There are a lot of good jobs posted on employment sites, Good luck!
Comment by Rachel Foster — October 17, 2008 @ 10:22 pm