Shown The Way Out
The global financial crisis has affected almost everyone. Either its the looming danger of losing your job, or the fear of complete closure of the industry itself. In this current scenarios, as small and large companies are desperately trying to be in the green, cutting down on the excess workforce seems to be the first viable solution for them, as generating any profits seems definitely seems out of the question. So spending so much on operational costs seems most "wasteful", given the fact that they are getting back very little in return. Cutting cost by other means, certainly was of some help, but wasn't enough. Like the lavish perks showered on the managerial level have been choked this year. So no expensive gadgets, leather handbags or luxurious Caribbean cruise for them this year. Others got their salaries cut down significantly, or were denied the raise that was promised to them. Companies planning to come up with new launches have put their plans on hold. But thin...