RECESSION

Recession - the word over which so much fuss is going around in the world now a days. The countries which were very badly affected by recession has proclaimed that they are recovering well and will be back to normal within a year or so. IT firms were in a sort of bother because of this, but the corporate brains have found ways to weather out recession and also to benefit from that. Dismissing employees who have long years of experience and are very highly paid is one such way. This will allow them to make the work done by some one who is paid much less compared to the experienced personnels. Also most of the firms were recruiting 100's and thousands without thinking about how many they require. Then they were in a sort of bother having found out that there are lot of guys who are in the free pool and having understood that they are paying for lot more guys than they should be, they were trying to find a reason to chuck
them out. And for all those employers 'Recession' was a blessing in disguise and they were not to miss out on an oppurtunity they got and used it very well. Waiting to see what all will happen.........hoping that it will not happen.