The gloomy economy has started taking its toll at all possible corners, the newspapers are full of the stories of jobcuts, reduction in costs , companies winding down their businesses, increase in unemployment rates, decrease in consumer spending etc. What started in last parts of 2007 as a correction of overhot economic engine has spread its horror tentacles across the globe.
These are the times when only the fittest , meanest and leanest survive, Companies have been laying off in thousands to adhere to the "survival of the fittest" paradigm (charles darwin would definitely be psyched up against all of us to have made his concept a cheap cliche) as nobody has a clue on how long the recession, a word which was unuttered earlier due to psychological reasons, would last and when the economy would start kicking again.
Interesting twist has been the layoff's by Microsoft today which was around the Zune Music player division and could spread across other divisions too , to the tune of 5000 employees. Traditionally MS has been very cash rich quoting the reason that they need to protect employee interests etc etc. But when the push comes to shove, Gates (Should we say balmer?) has resorted to traditional means of saving costs, without trying any innovations.
I think next in the line must be larry ellison or Steve Jobs and while corporate giants are busy shedding their extraweights, lets sit and watch or alternatively we can focus on obama's antics for atleast next couple of months to keep our spirits high.