Layoffs in India
With globalization, India is being affected as well. Oddly enough, the Finance Minister has stated recently that India will not be affected by the US and global recession, provided that domestic demand keeps up. I’ve not looked but quite a significant chunk of India’s GDP is in the IT & ITES sectors, so I wonder how that will hold true.
Times of India article on American Express laying off (sacking as known in India) workers.