World biz and more as seen from India

Friday, July 22, 2005

(Re)Emergence of Pink slips

According to reports, HP is going to lay off anywhere beween 5000 to 25000 jobs. If you parse a couple of business websites, you'll see many such reports about companies laying off people. But in a stark contrast, th scene in India is quit opposite.

According to NASSCOM, the IT sector itself is going to add about 2,00,000 more jobs in 2005. And thats just the IT sector !!!! Rediff usually carries news about Infy/wipro/IBM or accenture adding 15000 jobs individually. I wonder how do they manage to recruit so many people.

Does anyone have any idea how large the HR organization is these companies are?