Geeta, hope you are following the current Economic situation. The recession is impacting the global economy. The big IT giants have started their preparations to face the global economy recession - Cost Cutting. Cost Cutting includes cutting of jobs as well....

Lets hope for the best....

Ideally Cost Cutting may be two fold in the current scenario.
One ways to idle this situation is hold onto to jobs, however reduce on definite costs such as perks, increments etc. This would ensure you have your targeted headcount and also solve the purpose of balanced attrition.

The other condition is straight pink slips which is the current trend in most of Indian companies. When we say pink slips, it’s due to specific roles being diluted within the organizations. This again depends on role specifics.

India, where most or all companies benefit of out the huge gap in billing and operating margins, have a huge scope to deviate with their regular graphs and still manage a good show without cutting jobs.

All said and done, we might see some movements on the job scenarios moving up in late calendar 09.