Layoffs soar as India plunges deeper into recession

..what is the current situation???

Hi Gaurav there is one more little drop in the sea of layoff, conexant has not laid off just 30, may be you got this info from recently joined person or a manager from conexant itself (who will not disclose the correct info.), the actual count is more than 1200 (600 straight from noida office (nothing left in noida office), around 200 from pune office, 500 fresh IIT/REC/JEE grads hired in campus & fired in single shot in an evening on a call from US HQ, rest around 200 experienced peoples (in the form of forced resignation) hired from big companies in b'lore & hyd offices took from intel/ti/magma...) & in US/other locations fired 1000 peoples, the total strength was around 2500...HQ shifted from big glass palace to a hut. It refreshes the peoples quarterwise...every quarter this kind of game is played...When i joined and my manager said the condition of department is not good, but, don't worry we will be safe...but, it was an indication to be prepared for it...after 1& half months of daily panic from morning to night...t happened with me too:)...now i have left every thing & trying to do some thing own in non-tech stuff that would remain permanent...& trying to learn software languages to make some thing out of it as freelancer projects...some thing in web development...etc. It's like starting a new life with out any background of it...but, it feels better than things i have some fundamental on...

Well you did a good job, i think there are many more companies with hidden facts of confidential terminations & layoffs not on performance but, due to incapabilities in their system & inexperienced mgmt but they are made asa performance based because of which people has not only lost their jobs, but, self confidence too, just for a few bucks & to be a favuraite chick of boss, lady HRs of experienced certianity flys beyond extent with having seen or even knowing the name or full form of popular terms of VLSI making decisions on others life & career,'Experience Certainity' has became a serious uncertainity in itself, People getting in & out while 'Applying Thoughts' SBI bank has also indicated their irresponsibility in doing business & fakeness in procedures & records...(So, 'Applying Thoughts' is applying thoughts on their own future now...), It won't be a wonder if Satyam changes it's name to 'Mithyam or 'Jhootham'... Their is a sister concern of 'Applying Thoughts', people may be aware of it's name having tree of minds who were applying thoughts but kicked out from their long back, so they made a tree of  all applied thoughts & started playing corporate games, i hope media will focus on insights of this hollow branches of this tree, till this time they are already awaken & alert after mithyam's case, though tree is grown on fake stuffs & illegal operations only, well covered with ISO/CMM/PCMM.....bla bla bla fancy covers of corporate standards, after all the till things were not disclosed Mithyam was Satyam. Auditors went for inspection of Raju's personal spa & royal bedroom but, forgot they came for auditing operations...Auditor said i have all stickers with me, choose whatever u like Raju saab...Negotiation was going on...panch mein sab rakh lo saab!, Raju: Arey nahin itna menganahin lunga, accha to do mein sab rakh lo...!! arey ek ka 1 rupiya to de de, atlast Raju Accepted & Maithyam Became ISO/CMM/PCMM whatever Certified, Especially in it's initial phase in 90's when indian groups found a new way of earnong money in bulk i.e, by taking advantage of people's innocence & mind for free like infosys (one of the biggest 'Pea'Master), satyam, wipro, tcs (2nd 'Pea'Master) were the only giants existing in candidate's minds...even after having clear all the things peoples are not seeing on what c!@p Raju did, but, in a report on a news channel, a campus recruited college grad was worried about his offer letter that satyam is not giving him from sept of 2007 he don't have to do any thing about what is happening inside, what will be the future of himself & company, what kind of impression Mithaym has made on whole indian market...But, he is still waiting for his offer letter from 'Mithyam'...It's the condition of indians, i.e,s not having resistance for encouraging the fraudulence, we ourself encourage frauds & they sits on our head doing what ever they want to do, if not able to pay,m than who said to hire? Playing with employment laws & people's career & lives are Child's Play or What?

Ya Gaurav, I am taking about layoffs......

really eye openar ...thanks for datas...

Dude Thanks for the data, Let me put some light on the Layoffs which happened around the World from Aug 27 2008 to 4th Feb 2009
> Total Layoffs: 411 
> Total Employees: 302,520 

Hi Naqvi,

Are you talking about adding more layoffs to this list...???

Nice yaar..... Give me an answer... How can we improve this?

Dude dats awesum work...its actually an eye opener ...are we heading towards the U.S. policy of hire and fire as it is ruining the dreams of all the fresh Grads..

Darpan, valid question but very difficult to quote myy sources. Basically, I have collated it from insider sources, websites, recruitment agencies. It is not a paid research:) but i believe that this is 75% reliable.

no words i have to praise u...gud work

nice data man..

nice however from where u got this data!!!