February 11, 2009

The times they are a changin'

Changing times in India too! A blogger from India writes (emphasis mine):

Acceptable Losses

I lost my job last Monday.


Even a year ago, such an unceremonious exit in India for a senior manager of a company, who has put in more than 30 years of service, would have been unthinkable, unless of course he had committed some financial impropriety or been charged with sexual harassment or something equally unsavoury. But right now, unfortunately, we are not living in normal times. Companies, their balance sheets all bleeding and under pressure by the shareholders to reduce costs and increase efficiency, are becoming increasingly jittery and unsure of what to do.

We know desperate people tend to make impetuous decisions; the same is true for desperate companies as well.


The above blog post was found via Desipundit.

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