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Poetic inspiration
By | December 12, 2007
One topic of great interest this week is Real Networks’ move of retrenching employees. The move of laying off workers usually meets with strong disapproval and striker and unrest from labour unions and the workers. The first to lay off the labour force was Dell that cut down its employee strength by one tenth when it downsized and shut down many of its centres in India and other parts of South Asia.
Real has downsized almost 35% of all its employees with around 10% being in Europe and the remaining being in South Asia. The reasons being cited for this downsizing is the redundancy of assets due to the six mergers Real Networks has been involved in. Lack of adequate work is an acceptable reason for downsizing and while no one blames Real Networks what needs to be looked at is the sudden drop in fortunes in IT and IT Enabled Services that is prompting such severe measures and how long the affected sector will take to recover from such losses.
Recently a large number of IT companies have been forced to downsize and lay off a number of their employees and workers including Sun Microsystems and a large number of Business Process Outsourcing (BPO) units in South East Asia.
Now with even Real being forced to get rid of employees is worrying news for employees not just in America and Europe but almost all over the world. While some corporations are breaking new sales records, some like CompUSA are being forced out of business while others are forced to cut down their operations. The cause behind these need to be looked into so that the jobs of these people can be given back and those of the remaining employees can be saved.
Topics: Poetry for Beginners |
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