Team-BHP - View Single Post - GM is months away from bankruptcy. EDIT : Files for Chapter 11

HotChillyPepper · 9th November 2008, 17:21

I think most of the companies are in the same situation, but they are not making it public due to many reasons. Most of us really dont know the seriousness of the issue till now. Inidan IT industry gonna take a huge hit by next year Q1. Currently Inidan Compaines are doing the projects signed off before and continue to generate income. But there is no new projects coming in. I feel companies will be forced to lay off by Q1 2009.

What would be the future?

9th November 2008, 17:21	#5 (permalink)
HotChillyPepper BHPian Join Date: Jan 2006 Location: Bang_a_lore Posts: 336	I think most of the companies are in the same situation, but they are not making it public due to many reasons. Most of us really dont know the seriousness of the issue till now. Inidan IT industry gonna take a huge hit by next year Q1. Currently Inidan Compaines are doing the projects signed off before and continue to generate income. But there is no new projects coming in. I feel companies will be forced to lay off by Q1 2009. What would be the future? __________________ Optra Magnum 2.0 TCDi Chevy Spark LS Hero Honda Karizma 225 I will never be provoked on road, no matter how hard they try. Last edited by HotChillyPepper : 9th November 2008 at 17:22.