Effect of Recession on our Jobs

prince_pervez · 14th May 2009, 16:59

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

Spitfire · 14th May 2009, 17:03

@prince_pervez: Good morning saar.

mohit · 14th May 2009, 17:14

Quote:

Originally Posted by Spitfire

@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).

14th May 2009, 17:17

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?

prince_pervez · 14th May 2009, 18:19

Quote:

Originally Posted by mohit

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

@prince_pervez: Good morning saar.

Is it? This ones pretty new to me. 'Bangalored' lol.

amitoj · 14th May 2009, 19:24

Quote:

Originally Posted by D-Man

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.

14th May 2009, 19:31

Quote:

Originally Posted by amitoj

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.

kpbhatt · 20th May 2009, 19:12

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.

HappyWheels · 20th May 2009, 19:20

KPBhatt,

That is a wonderful news! Congrats on the new job!

Fountainheader · 20th May 2009, 19:21

kpbhatt,
Hearty congrats on the good news

jassi · 20th May 2009, 19:26

Quote:

Originally Posted by kpbhatt

landed with a similar position as my previous job in a startup firm

congrats dude this is really nice news

mohit · 20th May 2009, 19:30

Congratulations KPBhatt! Encouraging to say the least

finneyp · 20th May 2009, 19:55

Congrats KPbhatt! Thats a Heartening news!

kpbhatt · 20th May 2009, 20:45

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.

Jaggu · 20th May 2009, 20:54

Hey great news. Wishing you the very best and building/growing the start up

14th May 2009, 16:59	#436
prince_pervez Senior - BHPian Join Date: Dec 2006 Location: Redwood shores, CA, USA Posts: 4,210 Thanked: 51 Times View My Garage	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
	() Thanks

14th May 2009, 17:03	#437
Spitfire BANNED Join Date: Jul 2006 Location: Panaji - Goa/Bangalore - Karnataka Posts: 3,312 Thanked: 774 Times	@prince_pervez: Good morning saar.
	() Thanks

14th May 2009, 17:17	#439
D-Man Posts: n/a	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?
	() Thanks

20th May 2009, 19:12	#443
kpbhatt BHPian Join Date: Mar 2007 Location: Pune Posts: 349 Thanked: 33 Times View My Garage	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.
	() Thanks

20th May 2009, 19:20	#444
HappyWheels Senior - BHPian Join Date: Dec 2007 Location: Bangalore Posts: 4,106 Thanked: 537 Times	KPBhatt, That is a wonderful news! Congrats on the new job!
	() Thanks

20th May 2009, 19:21	#445
Fountainheader Senior - BHPian Join Date: Feb 2008 Location: Silicon Valley Posts: 1,501 Thanked: 13 Times View My Garage	kpbhatt, Hearty congrats on the good news
	() Thanks

20th May 2009, 19:30	#447
mohit BHPian Join Date: Sep 2004 Location: Toronto / Kurukshetra Posts: 677 Thanked: 168 Times	Congratulations KPBhatt! Encouraging to say the least
	() Thanks

20th May 2009, 19:55	#448
finneyp Senior - BHPian Join Date: Dec 2005 Location: Bangalore Posts: 2,716 Thanked: 319 Times View My Garage	Congrats KPbhatt! Thats a Heartening news!
	() Thanks

20th May 2009, 20:45	#449
kpbhatt BHPian Join Date: Mar 2007 Location: Pune Posts: 349 Thanked: 33 Times View My Garage	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
	() Thanks

20th May 2009, 20:54	#450
Jaggu Team-BHP Support Join Date: May 2004 Location: Bangalore Posts: 20,215 Thanked: 15,908 Times	Hey great news. Wishing you the very best and building/growing the start up
	() Thanks