Big Blue to cut jobs

It seems that IBM is set to meet its earnings targets through cost cutting rather than revenue growth. They have announced that they are going to cut upto 4 % of their work force amounting to over 10000 jobs. The elephant is shedding some weight. May be the dancing has taken its toll.

Contrast this with the scenario in the Indian IT sector. All the major software firms have upped their intake. Even the global firms based in India have upped their ante as far as recruitment in India is concerned. Its a different thing though that a large number of people recruited by the Indian firms dont have much work to do and they warm the bench. No one knows till when the love story will continue. I shudder to think of the day when the bubble will burst in India. Something of the sort that happened around 2000-2001. But now the sun is shining. And as long as it does, let me make some hay!