Good news…its a recession!
Wow…
Just a month since the public is caught unawares by the global economic slowdown and companies are already scrambling to cut costs… “counting the office staples — minimizing printouts — taking a rickshaw than a taxi — switch off lights in the day”…all these measures are taken by myriad companies…
Jet airways, Future Group’s Big Bazar, TCS, SAP AG, Cognizant….just a few to name those who are the latest to the cost cutting bandwagon…
But you know what…these remedies is like giving band aid to a person having a heart attack…
The fresh hires are being pushed onto the bench right from their first day…many are not being trained…those who are the real hard workers in a company are told to put off their vacations…
These are just the things that will crack out any hacker who is on the prowl for a job…Startups can leverage this situation…Talent will be cheaper than ever…The bargaining power will be back to the one who is hiring….
This is the same situation that took place when Microsoft was in court over the monopoly case…Programmers and talented people fled the company…and came over to Google in droves…Google became a magnet for talent…And that is still one of the greatest assets of the company. And now, its time for Apple for world technology domination.
So these cost cutting plans and layoffs are good for us… Yay..!!