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 private banking arm, and 330 in asset management business Barclays Global Investors. It cuts overall seven percent of its employees in three division of Business.

Also it is stated that job cuts are expected in London, Glasgow and the Channel Islands in the Barclays Wealth Sector as well as Barclays had acquired the US operations of bankrupt Lehman Brothers.

In addition to this Barclays Wealth’s division, the daily said, “We cannot continue with this situation of daily job cuts without any justification or explanation of the broader strategy for the bank.”

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 “reduced rate.”.

In addition to this Google had planned to terminate contracts with external recruiters, but the worsening economy has necessitated the Google to lay-off of his full-time workers. It comes after a series of other cost-cutting moves by Google, because its sky touching stock fell below $300 for the first time in three years in November.

Earlier Google had planned to cancel the contract worker jobs and pulled back some benefits for employees in its New York office cafeteria. Inspite of this Google shut its Phoenix, Arizona office in September and relocated most of its engineers to other office sectors.

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 initiative to make things smooth for his upcoming film, directed by Shankar and produced by Ayngaran International.

He has decided to cut down his remuneration by 30 percent and he has also requested the fellow heroine Aishwarya Rai, to reduce the remuneration. Anyway, he is the only highest paying actor in Southern India and now he itself volunteers reducing their pay means, he is really a Super star.

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 the various issues in Stock Market.  I donno when this problem will set over but many experts told that it will take a minimum of two years to set back yo its normal position.

Due to this recession problem not only engineers suffered , there is problem in each and every field of this world. US is giving bailout for several companies. I think if hey give bailouts continuously means at last one day, there will be nothing in the USA treasury and we all gonna suffer for this. SO 2008 is the worst time period for all folks in this world due to the financial meltdown and its consequences.