Time to Survive

Forget about bonus, salary & increment. This is the time to survive and make sure we have work. Around 1.5 lakh people lost their jobs in the U.S. who was once considered to be a super power country. Here in India, the fear of job-lose is getting heated up. Survival is becoming a big question. It is not their mistake too. Any company or management will take necessary steps to stop going it's company to bankruptcy
Firing, stopping redundancies, salary-cut, hike-cut/bonus cut, recruitment stoppage are some in the list titled cost saving. At the end of day, management cannot come with a solution of filing c7 or chapter 13 bankruptcy. Lehman Brothers, Nortel etc. are good example and a lesson for others to learn. Satyam fradulent played a major role at this juncture, where N R Narayanmoorthy (Infosys mentor) told, it is high time to review all our financial departments' statements and financial positions to get rid of fraudulence. For the benefit of 10 or 20 company cannot sacrifice itself or other 1000 employees.

Head count cutting

Head count cutting is not a solution for cost reduction. Though market is in abyss, and all the companies are facing recession, the first and straight solution could not be fired from the company. there is a slight communism in this topic. I would strongly say there are lot of ways to cut the cost. Reducing the cab facility, amount reduction in food card, own transport benefits cut, etc. On top of that, the redundant parties like boosing party, kite festival, annual end party, team outting party, are ridiculous at this time. This is not the time to enjoy. It's time for all to bleed and sacrifice. We all enjoyed together and now we need to struggle together. Top management can keep a brain-storming session to get various notions for cost cutting. At last the people are being targetted are highly paid already and since the market is down and companies are not performing well at this point of time, they are literally pushed in to the ostrasized well. They are highly qualified too. That could be a disadvantage for them to get the job when they sent out...