layoff started last week in Hyderabad and Bangalore - Objective control teh rapidly rising salary level by spreading gloom as part co-ordinated action by 6 Biggest employers (TCS infy, wipro, hcl, tech m et all ) under Nasscom with strong paid news support by leading mumbai based media groups
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None is scared off layoff in Indian IT firm. Just need to quit the big cities and you can live in peace in the rural home .
As such we IT folks re like prisoner of city earning and spending big money and always unsure of future while the folks taking our efforts are money are cocksure.
What about CEO pay, it rising and rising in geometric progression (is it reward for exploitative practices)