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Old 27-01-2012, 07:32 AM
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Originally Posted by Unregistered View Post
Those who were cut during the Lehman crisis quickly found work in at most 6 months, so what's there to be afraid of?

People outside of finance tend to exaggerate such job cutting news to psychologically compensate themselves for not having the good fortune of landing a job in finance.
have u been retrenched before or know someone who has been retrenched? Its easy to talk big when u r not in the situation. My company was one of the companies involved in the news about retrenchments last year.

The number was small compared to the whole staff strength so it did not really ring much alarm bells as compared to 2008-2009, but still it was hard to see someone go, especially when he is not young and he has a family with young children.

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