Thursday, April 3, 2008

More News on Chrysler Job Cuts

Here's a new article updating the Chrysler IT job cuts. 400 Chrysler Tech Jobs Go They state that 200 Chrysler employees will be affected, with the remaining layoffs coming in the contractor ranks. Cutting 20% of the IT staff is pretty steep, but I would not be surprised to hear it end up much higher than that. Tata seems to be buying up business everywhere right now. Yet they are implementing pay cuts for employees due to a slowdown in outsourcing business. TCS Pay Cuts And they recently cut 500 employees of their own for "poor performance", supposedly nothing to do with the outsourcing slowdown. This economic struggle is heading to India soon.

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