New groups

http://www.linkedin.com/groups?gid=1811435&trk=hb_side_g


http://www.linkedin.com/groups?gid=1811177&trk=hb_side_g


http://www.linkedin.com/groups?gid=1811183&trk=hb_side_g

http://groups.google.co.in/group/pink-slip?hl=en this is a group for people who recently lost their job

Sapient sacks 500 workers, reducing budgets

Gurgaon: Technology major Sapient Corporational is latest to join the list of companies going in for large scale lay offs.
In a surprise move it has sacked 500 of its employees in India. Infact no notices were issued to the employees and the company even deployed armed guards to prevent them from turning up for work. In a statement the company has notified the lay offs.
"Businesses worldwide are feeling the impact of the economic downturn and, as a result, are reducing budgets and delaying projects. In order to adjust to this changing demand environment, Sapient has exited about 8 per cent of its people,” the company says.
In fact this is the second time the company has sacked employees. 160 of them were removed just a few months ago.
The senior management of the company refused to comment on the issue. They only said that the sacked employees would get due severance packages and the company would try its best to get them out placements, but they had no choice but to take this drastic step.

as Published on Sat, Feb 14, 2009 at 22:26
url = http://ibnlive.in.com/news/sapient-sacks-500-workers-reducing-budgets/85369-7.html?from=search

Sapient India gives pink slips to 300 employees

NEW DELHI: Software firm Sapient has laid off 300 employees at its offices in Bangalore, Noida and Gurgaon as a result of the global economic downturn, which has impacted several IT firms. ”In order to adjust to this changing demand environment, Sapient has exited about 8 per cent of its people. Sapient employs approximately 6,400 globally and as a result of this rationalisation, 300 people in India have been impacted,” the company spokesperson said.
He said the exited employees have received severance packages and full outplacement services, and would be considered for rehiring on a fast track basis if the company finds that it again needs their skills and experience.
“These people were laid off to right size the company. They were at different levels of the management,” he said, adding that Sapient has two-third of its workforce in India.
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Businesses worldwide are feeling the impact of the economic downturn, and as a result, are reducing budgets and delaying projects. Despite the short-term softness in demand, Sapient remains well-positioned in two large markets - IT services and interactive marketing.
The company would continue to make strategic investments and targeted hires in several areas that are expected to drive success in 2009, including trading and risk management, marketing and government services, he said.

As published on Times of India 14th of February

People are losing jobs | What next

every where around the globe people are depressed and tensed, as they are losing jobs,

at this particular time I believ people should maintain confidence and peace of mind

Keep communication channels open

http://polls.linkedin.com/p/22840/nyqdi

What One should DO

1. First don't panic, important is to first keep calm.

2. Manage your finance, yes thats very important as people panic as they feel financial crisis in coming years.

3. Talk to your family members and friends, yes accept it that you lost a job, with this at least you will have people at your side

4. Understand your monthly finances and try to re-evalute it so as you can cut down any unnecessary expenses.

5. Look for people you have given money, ask them to give it back, also inspect your entire asset and bank balance this will help you in understanding your current financial condition.

In last just keep calm as

After every night there is morning..and darker the night brighter is the morning