Hard time for Software employees…..

 

UPDATE:-Yahoo cutting its work force by 1000 to 3000 ..more here.(21/10/08)  

Recent drop in share market not only creates problems for Big software organizations bust also effects its employees.Yes friends the down of this market value makes a heard time for the organization employees,i.e in order to over come these losses they simply firing off there employees mostly in Asian countries.In order to hide this hey simply conduct a test and on that basis they ask there employees to write a self resignation letter stating ‘that due to some personal reasons i am resigning my job’.Where as mostly the freshers are the sufferers to this.Furtherer there is rumor that they can reduce the salary of a employee.Among these following are some organizations :-

 

• TCS:-fire 500 employees in india.And thinking to cut down the salaries.here
• IBM:-about 2000 peoples.
• Accenture:-Its too around 2000.
• Yahoo:-in between 500 to 2000 .here.

Lets Hope the market comes to steady state so that we employees can breath freely.