This is the very first question that comes in to my mind, as the breeze of recession started last year with the collapse of Lehman Bro’. Well every on in Finance was aware of that even though it was taken as the biggest threat, however remaining Banks & Finance organizations they didn’t actually panic but took the extra advantage of that. Considering the fact they had huge staff to support any kind of issue and wasn’t creating any problem before that but as the news for Lehman arise they didn’t consider it as a lesson but a golden opportunity to screw the employees. That’s what the real business skills are all about. What are the areas that they can utilize to make the employees feel they the employer is always above you.

Well they were fully aware what was going on in the markets however they didn’t start taking necessary actions in advance like if they have extra staff why did they recruit them? As the situation arises they start searching what are the areas of cost cutting. Simpler of them Cut the Employees salary even better layoff them.

If they would have been proactive enough to take necessary actions then the situation would be much different.

Well now it seems like a well planned activity to use this crisis as weapon to keep employees under the burden of losing of jobs. First Finance, then IT now Real estate such will be on for a long time as long as there are sectors in market, however when all the sectors have finished they can simply re run the loop.