Tough times call for extreme measures, right? Well, atleast that is what the top honchos of India Inc. seem to be thinking. If the recent salary cuts, massive layoffs and shutdowns are anything to go by, then one should buckle themselves for a rough ride ahead. Already, the slowdown has resulted in companies adopting a "wait-and-watch" approach. Employers are holding off on making offers, deals are taking longer to convert with several clients even refusing to take a perfunctory call!
Salaried people are facing the heat from both sides - while most have seen their main source of income - their salaries - being reduced by as much as 20%, the unlucky few ahve had to face the prospects of layoffs. As if these were not enough the rising prices have done little to aid matters. I certainly don't mean to rant on and on about what is quite an obvious thing, but seriously, we need to think where is this all leading?
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