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Old 14th May 2009, 16:59   #436
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Look at this there is a word now for being bit/hit by recession.
'Bangalored'
Meaning:
It refers to people who have been laid off from a multinational because their job has been moved to India — a business practice designed to save money that is arousing passions in some countries, especially Britain and the United States.

Read more about it here.
Bangalored - Wiktionary
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Old 14th May 2009, 17:03   #437
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@prince_pervez: Good morning saar.
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Old 14th May 2009, 17:14   #438
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Quote:
Originally Posted by Spitfire View Post
@prince_pervez: Good morning saar.
LOL yeah!
@prince_pervez - This one is old. Its from the days when outsourcing picked up big time and a lot of jobs were sent to India (Bangalore in particular).
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Old 14th May 2009, 17:17   #439
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so is bangalore Hit bad by recession? I just got one there and so was wondering if it is safe? I know one shall say no one is recession proof but how affected is bangalore?
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Old 14th May 2009, 18:19   #440
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Quote:
Originally Posted by mohit View Post
LOL yeah!
@prince_pervez - This one is old. Its from the days when outsourcing picked up big time and a lot of jobs were sent to India (Bangalore in particular).
Quote:
Originally Posted by Spitfire View Post
@prince_pervez: Good morning saar.
Is it? This ones pretty new to me. 'Bangalored' lol.
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Old 14th May 2009, 19:24   #441
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Quote:
Originally Posted by D-Man View Post
so is bangalore Hit bad by recession? I just got one there and so was wondering if it is safe? I know one shall say no one is recession proof but how affected is bangalore?
It depends on what industry domain you are in. Banking and Finance domain is the most severely hit.
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Old 14th May 2009, 19:31   #442
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It depends on what industry domain you are in. Banking and Finance domain is the most severely hit.
I am in IT of Healthcare domain.
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Old 20th May 2009, 19:12   #443
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Update from my end: was laid of on 27th March 09. Hunted for a job for 2 months and landed with a similar position as my previous job in a startup firm. Took a 10% cut in salary and a good amount of facilities that were defacto in a bigger organization -- on the plus side -- i have a job and i can pay off my home loan and support my family.
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Old 20th May 2009, 19:20   #444
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KPBhatt,

That is a wonderful news! Congrats on the new job!
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Old 20th May 2009, 19:21   #445
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kpbhatt,
Hearty congrats on the good news
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Old 20th May 2009, 19:26   #446
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Originally Posted by kpbhatt View Post
landed with a similar position as my previous job in a startup firm
congrats dude this is really nice news
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Old 20th May 2009, 19:30   #447
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Congratulations KPBhatt! Encouraging to say the least
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Old 20th May 2009, 19:55   #448
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Congrats KPbhatt! Thats a Heartening news!
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Old 20th May 2009, 20:45   #449
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thanks for the encouraging words -- i pray that anyone and everyone who has lost a job in this recession should atleast have a ray of hope and a job offer. I know what the layoff did to my self-confidence and esteem( not maruti). If that was not enough, it opened up my ugly vicious negative side and my wife prays that it should not happen again. I have her and my parents to thank as well as my kids for supporting me and keeping me sane in these trying times.

Last edited by kpbhatt : 20th May 2009 at 20:47. Reason: corrected grammatical mistakes
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Old 20th May 2009, 20:54   #450
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Hey great news. Wishing you the very best and building/growing the start up
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