exactly Here are some examples from the Bay Area: Yahoo frozen this year salary's review MySpace is going to cut 100 job positions Google already is trimming its budget my local 24h gym is out of biz book store cut off working hours company's new year's party was cancelled (and it's a big one) big high-tech companies started saving on benefits for employees that was always free etc etc
Recession = Layoffs. All bigtime or smalltime, mids company are taking their cost cutting techniques just to survive. And the most common thing is layoffs. Related Links: Layoffs Roundup: Sun, Sprint, Philips, IBM and AMD
Even if you are the lucky one, not to have been affected by this turmoil, spare a thought for millions and millions of people who are losing jobs every day....People suddenly do not have money to pay their children's school fees, leave alone paying up their mortgage bills.... Liquidity crunch is having a vicious domino effect and the whole world is getting engulfed in it..... The only remedy is the time....As time passes by, the fear and anger would subside and people would begin their journey once again....hopefully!! Regards, RightMan