Financial Meltdown

Jan
30

'Kanthasamy' film rights sold for 4 Crore!

Mr.Power on January 30th, 2009

Hi all…!!!!!!!!!!! We all know now there is a severe financial meltdown in all over the world. Especially in India, we suffered a lot for pat six months. But during this situation, Vikram starrer ‘Kanthasamy’ cropped the biggest deal for Chennai theatre rights done in the last one year in Tamil film Industry. It is [...]

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Jan
24

Barclays to lay off 2,100 staffs

Mr.Power on January 24th, 2009

Due to the financial meltdown and severe economic crisis leads the Financial services giant Barclays to lay off 2,100 headcounts in investment banking and money management. According to the Financial Times, it is stated that Barclays were going to slash 1,300 people from its Capital, the debt-focused investment banking business, 500 from the Barclays Wealth [...]

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Jan
22

Google going to lay off 100 full-time recruiters and close three engineering offices

Mr.Power on January 22nd, 2009

Hi all….!!!!!!!!!! Google Corporation on its  official blog on Wednesday, Laszlo Bock, Google’s vice president of people operations,  given the statement that they are going to lay off 100 full-time recruiters and close three engineering offices, in the following year due to the financial meltdown. Also he added that “Google is still hiring at a [...]

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Dec
13

I will cut my pay by 30% – Rajnikanth

Mr.Power on December 13th, 2008

Hi ………….!!!!!!!!!!!!!! Now we are in the severe financial meltdown due to economic crisis. Because of this many film Producers have been asking their stars to cut down their fees to continue the film. One of the best examples for this cost cutting trend is ‘Endhiran’ film. Superstar Rajnikanth is said to have taken the [...]

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Sep
24

Severe Financial Meltdown to leads to Recession in IT field

Mr.Power on September 24th, 2008

Hi friends…….!!!!!!!!!!!!! May i know what is the future for the 1,00,000 Engineers in the IT industry. I saw that there is a sever hike in job prospects for IT field for the past three years but now the situation is completely reversed. No jobs at in this field due to recession in US and [...]

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