Why the monster of Job Firing is born all of a sudden?
Due to continuous decline of economy all across the globe, there is hardly anyone, whether an individual or corporate, that are passing through nervous moments for last couple of months. Thus the present situation is more appropriate with situation No. 3 described above Financial sector is shaken badly due to steep fall in disposable income and liquidity crunch, stock markets are tumbling, sales all over are declining causing great uncertainty everywhere. Every company, whether big or small, is unable to bear the financial crunch & planning to cut down the costs by downsizing the manpower to the barest minimum. Consumers are also not left behind in this race and are cutting down expenses on essential commodities even the food products. Manufacturing companies are also cutting down their expenses in every corner. Who are the people most affected by the present Global Crisis? Serving class of people is the worst affected and is forced to live in an environment brimming with fear of losin
