Seems like a labour cost cutting is much more appreciated then a job cut over the world. In that sense what Infosys is doing is very much impressive. Below is one example of what other companies are following - "Dell (extended unpaid holiday), Cisco (four-day year-end shutdown), Motorola (salary cuts), Nevada casinos (four-day workweek), Honda (voluntary unpaid vacation time) and The Seattle Times (plans to save $1 million with a week of unpaid furlough for 500 workers). " (for full story, read http://www.nytimes.com/2008/12/22/business/22layoffs.html?_r=1)
Everyone is trying to survive in this recession time, but leaders will be those who survive with pride and honour. They would be first in race of progress when it is over.
Share your views on what do your think about these moves by companies. What would you suggest if you don't like it.
Monday, December 22, 2008
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