As people are increasingly losing jobs due to recession, their married lives are hitting a rough patch as well. But you can still pull your married lives together by following some simple tips to reduce the tension.
A head of business operations of a Chandigarh-based software company narrates the pain and disgust he felt when he had to fire some of the best hands of his team at the behest of the management.
The Redmond-based company had announced in January that it would axe 5,000 jobs globally amid the ongoing slowdown.
Trying to adapt to changing market requirements amid recessionary conditions, corporate giants including Microsoft, IBM and Yahoo Inc are not only cutting jobs but are at the same hiring people in other business units, a media report says.
Halving the productivity-linked incentive will make its salary levels unattractive and put a heavier burden on junior staffers.
The former world number one appeared pain free at the Albany course on the island of New Providence where he mixed five birdies with two bogeys for a three-under-par 69.
Anil Ambani Group firm Reliance Money on Monday said it is undertaking a performance monitoring exercise for its staff which could result in separation of about 300 employees due to their under-performance.
Facing a layoff is fast becoming more and more a real prospect for many professionals. To keep your job, you need to work smart not and do whatever it takes to make sure you are crucial to your company.
Juan Martin del Potro's return to tennis fell short of a fairytale ending on Saturday as the Argentine lost to American Sam Querrey 7-5 7-5 in the semi-final of the Delray Beach Open. The former U.S. Open champion Del Potro made his comeback at Delray Beach after an 11-month layoff following two surgeries on his left wrist. He had looked strong in his run to the semi-finals but Querrey checked his momentum by breaking his powerful serve in each set at 5-5 -- the only two breaks of the match. Del Potro, 27, was aiming to recapture his magic at Delray Beach where he enjoyed comeback success by winning the 2011 title after fighting his way back form wrist surgery.
According to Jason White, leader of Hewitt's business performance improvement, cost-cutting and layoffs are amongst the biggest concerns of companies today. He urges struggling firms to change the way people are organised, utilised and managed.
With the financial crisis ebbing, the pace of vanishing employment has come down in recent months as against an average of a whopping 9,000 job losses daily in the beginning of this year.
The company will also stop company-funded home internet access for those working from home from May 1.
The survey, conducted by US-based legal services firm Robert Half Legal, one out of every four legal professionals working with American and Canadian law firms believes that his organisation will start hiring in the next one year. The survey found that two practice areas of law -- bankruptcy (51 per cent) and litigation (31 per cent) -- are expected to experience the most growth.
Since the acquisition by Tata Steel in January 2007, which catapulted the domestic steel major to the world's sixth, this is the first layoff announced by the Corus.
Given the sharp differences that the Democratic and Republican lawmakers and the White House has on various aspects of immigration reform including H-1B, the Congressional passage of the bill and its becoming a law as of now appears to be a tall order.
There were reports that Infosys had laid off 500 people in the aftermath of losing its multi-million pound deal with the Royal Bank of Scotland.
The US saw a staggering 467,000 job losses in June, pushing the unemployment rate to a 26-year high of 9.5 per cent, indicating that economic revival may take longer time than anticipated.
Don't dig into personal reserves, avoid personal and short-term loans.
Full recovery may still be a good way off, but the job market is showing clear signs of improvement.
Beleaguered Satyam management, struggling to set its house in order, is facing a major challenge to fight rumours and disinformation particularly relating to employees and their salaries.
It is not clear which groups of the Indian operations have been affected by the cuts which are learnt to have been carried out across diverse functions. However, a company source said that a sizeable number of Microsoft's sales and support personnel in Hyderabad and a few in Bangalore were among those affected. The Response Windows team has also been dismantled completely, the source claimed.
Planned job cuts announced by US employers totalled 132,590 in April, a 12 per cent drop from the 150,411 layoffs recorded the previous month. This is the third consecutive decline in monthly job cut announcements and the lowest total since 112,884 cuts were announced last October, a report by global outplacement consultancy firm Challenger, Gray & Christmas said.
'Job opportunities will be available in pharma, retail, medical, virtual business operating sectors, IT sector, telecommunications, infrastructure development, healthcare sector and e-commerce.'
Young professionals who lost their jobs tell Rediff.com's Divya Nair how they reclaimed their lives.
The California-based company is also planning to hire 130 professionals in India in areas like product engineering. A company spokesperson, however, declined to comment.
"Employees who have been consistently demonstrating poor performance were counselled out. Less than 1 per cent of our 11,250 employees in Chennai and 11,496 employees in Hyderabad have been impacted. As for the Thiruvananthapuram centre, less than 1 per cent of the 1,800 employees were impacted," said Mohandas Pai, member of the board, director, human resources, Infosys Technologies.
Lessons from entrepreneurs who have launched businesses in the last 18 months.
"About 450 head office and support staff are being made redundant by Woolworths as the turmoil surrounding the stricken retail chain's future continues," the Guardian website said. Deloitte, which has been appointed as the administrator for the collapsed retail chain said that the job cuts would be in Woolworths' Central London and Rochdale offices and not in the 815 stores of Entertainment UK, its DVD and CD distribution business, The Times said.
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
The story of gloom and doom continues to haunt the US economy. With advertising revenue going downhill, two of US newspaper majors -- The New York Times and The Washington Post -- plan another round of pay cuts and layoffs. Facing financial difficulties, the New York Times Company has imposed five per cent temporary pay cut for most employees and laid off 100 workers.
Citigroup's Indian origin CEO Vikram Pandit, who has been on a major restructuring drive, including thousands of layoffs, since taking charge late last year, has asked his colleagues to help transform the "best financial institution" into the world's top-most company.
Djokovic, who is aiming for a fifth Wimbledon title and his 16th Grand Slam crown, plans to play only one or two exhibition matches in the build-up to the grasscourt major.
Summary of World Cup qualifiers played across the world on Thursday
Six times a men's singles champion Down Under, the Serbian will be joined in making a return at MelbournePark by 2008 women's champion Maria Sharapova, who missed last year's tournament because of a doping ban.
Amid speculation that there would be reduction in number of H-1B visas, which has attracted large number of Indian professionals, a top immigration expert has said that the quota of 65,000 will get capped as the filing opens on April 1.
Reskilling and online certification are the biggest earners in the Indian online education market
Revival hopes of the diamond industry have been dashed as gems and jewellery manufacturers feel that little help has been provided to them in the Interim Budget for 2009-10.
Maria Sharapova continued her build-up for Wimbledon by winning back-to-back matches to reach the quarter-finals of the Edgbaston Classic on Thursday.
Maria Sharapova's Grand Slam comeback ended in the French Open quarter-finals on Tuesday after she was demolished 6-0, 6-2 by Slovak Dominika Cibulkova.
