LB is 158 yrs old investing company & as it goes down, it makes big impact on financial market.lots of financial banking projects are getting closed, u can find large number of cut off in many big companies. just for cost cutting, all major IT cos of India are reducing their on bench employees. in UK 3000 people lost their jobs,in India its 2800+ and still counting. It will take 1 yr; now other major bank like bank of Canada; Japan r planing to purchase assets of LB, that will improve the market condition. Indian IT market is still good enough
but it is just reducing on bench resources for ex, TCS previously used to keep 15% resources on bench, now its reduced to 5%
Sandeep Telang,
Senior System Analyst,
SONATA SOFTWARE LTD, BANGALORE.
sandeep.t@sonata-software.com
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