More Lay-Offs in Indian Cos

The impact of the global financial crisis weighs on Indian companies and their profit. There are chances of more and more lay-offs in India, as companies have been approaching to cost cutting measures, according to media reports.

The companies would go for lay-off which is a last option after utilizing all the cost cut measures. The unformed news reports stress that there would be more cost cut measures and lay-off by Indian companies. If the impact of the global crisis is not tackle properly, then the impact would high on Indian companies. As a result, there will be lay-offs in Indian companies.

The situation of the companies have been going worse and there axe will fall on the employees of these companies. No matter to which wing they are associated but its certain that the pressure of the credit crunch and global financial crisis will not spear any one.