Layoffs , freezing , BE PREPARED
http://www.freewebs.om/s9consulting
Friday, November 7, 2008
Layoffs , freezing , BE PREPARED
Cisco freezes hiring, planning cost cuts
San Jose: Job aspirants world wide has taken another blow to their
hopes with Cisco announcing that it will completely freeze hiring in
this entire quarter after it recorded a five percent hike in
first-quarter earnings and an eight percent increase in sales.
For the period ended October 25, 2008,……….
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AMD to lay off 500 employees
California: AMD, the global chipmaker is giving pink slips to 500 of
its employees, who make three percent of its overall workforce, as a
result of the economic crunch. Earlier, AMD had laid off 1,600 workers
in April and had hinted at……………..
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Satyam sack employees over alleged bill fudging
Chennai: Alleging a fudging of bills by some of its employees, Satyam
Computers has terminated jobs of over 30 project associates. According
to a news report, the manipulation was found out in the company’s
internal audit.
While the company says that these employees may have ‘fudged’ bills after they were relocated to …………………
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Global recession in 2009, forecasts IMF
Washington: The International Monetary Fund (IMF) released its global
economic forecast Thursday in the face of a growing credit crisis and
predicted a recession in the U.S. and the world in 2009.
In an update of its World Economic Outlook from October, the IMF said global growth would slow to…………………
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All are web extracts keep a tab on developments and share this info to all
regards’
ashwinnallari
Thank you Ben for your comment . The point here is the reality around is driven by motive of profit only and especially in India , The rich are getting richer and the middle class /poor are getting poorer and this divide will harm India[any country in fact] in the long run.Hence this is the right time for a job seeker to re analyse her career in terms of social responsibility and not be driven by the mad rush of consumerism
As employees are handed pink slips, an employer like a Cisco or AMD may be prudent to retain their e-mail records. The records are a valuable asset to the employer. –Ben http://legal-beagle.typepad.com/wrights_legal_beagle/2008/10/retain-e-mail-of-former-employees.html