Daily Archives: November 5, 2008
Job Shedding
When we visited Kolkata (then, Calcutta) in my childhood, we were familiar with a term called Load Shedding. That meant, that West Bengal didn’t have energy to meet the demand from the city and therefore we all would be subjected to powercuts for a couple of hours (if we were lucky) every day.
Seems like that age old affliction has stricken in a new way the MNC firms – first there was news of Amex cutting jobs including in India, and now comes the news that Nokia is slashing jobs too, though the number is not like Amex.
On a slightly different trip Michael Dell asks his employees to cut costs by taking unpaid vacation.
