Here are list of few companies who layed off its employee during the time of recession.
- Google number search Engine had to revealed 24,400 employees.
- Microsoft Corp first time in its 34-year history, cutted more then 10,000 jobs as demand for personal computers slowed down during those period.
- Seagate world's largest maker of computer hard disk drives, reduced their work forced by 10%
- Beijing-based company, the world's fourth-largest PC maker Lenovo Group layed off about 11 per cent of its work force.
- Sony slashed 5 per cent of its global electronics work force.
- Oracle Corp, the world's No. 3 software maker, fired more then 5000 workers.
- Sun Microsystems Inc removed as many as 6,000 jobs
- AT&T Inc is layed off 12,000 jobs, about 4 per cent of its work force.
- It Major IBM fired 24000 workers & Intel 8000
- Yenepoya University, Mangalore
- Time Warner Inc's AOL reduced 10 per cent of its workforce.
- Nissan Japan's third-biggest automaker to slashed 20,000 jobs, or 8.5 percent of its global work force.
- Industrial conglomerate Emerson Electric Co cutted its workforce by up to 14,000
- Even Steel-making giant ArcelorMittal fired 10000 workers.
- Dell cut more than 18,000 jobs last year
- Investment Banking like Bank of America reduced their head count 46000
- General Motors Corp, the largest US automaker, layed off more then 25,000 employees.
- The Royal Bank of Scotland also fired more then 20,000 job
- TCS india Number one IT company cuts more than 10,000 jobs
- Infosys, layed off more then 10,000 employees.
- Wipro also fired more then 5,000 job
- Hexaware fires more then 500 employess.
- Satyam fraud threatened to dent India's Image and its FDI inflows. After breaking out on January 7, 2009, its was PMO who directly looked into these and saved careers of more then 30000 employees. Later Satyam was purchased by TechMahindra
Job market is nothing but demand and supply game. As demand will increase companies will hire more and vice - versa. Everyone is heard saying recession is over. Have a look at the hiring trend this year:
- TCS plans to hire more then 15000 employess and they have started their process.
- Infosys is also hiring more then 10,000 employees.
- Wipro is also in queue to hire more then 10,000 job
- TechMahindra and Satyam Mahindra has plans to hire more then 5000 employees this year.
- IBM will be recruiting more in India then in any other countries.
So, Freshers and Job Hunters remember depression and desperation don’t sell but poise and confidence do!!
So prepare for Interview. Know the interview pattern & make their resume more attractive. For more information on how should you go about it have a look at our job hunt section.
Freshers in start do not look for higher package. Try to enter Companies, get experience & after that think of better opportunities. |