Dubai – It’s All About Reputation Management
Cost cutting is the mantra of the times. The axe of cost cutting invariably falls on the employees. It is either through wage reduction, reduced bonuses, reduction of other benefits, reduced work hours or in a worst case scenario in the form job losses.
Everyone I know is sick of this recession, and sick of hearing about this recession. For one, the media’s attention to the global financial situation is depressing. But as many have pointed out, we are in this situation because of our own devices.
While everything is down in price, as it is now, there is actually less to worry about. When the going gets tough, the tough go shopping.
President Barack Obama pressed Congress Monday night to urgently approve a massive economic recovery bill, using the first prime-time news conference of his presidency to warn that a failure to act “could turn a crisis into a catastrophe.
The United States lost almost 600,000 jobs last month and the unemployment rate rose to 7.6 per cent, its highest level in more than 16 years, the Labor Department said on Friday. It was...
I think the world’s financial markets have reached a stage when a lot of people are convinced that the sky is actually falling. The kind of fear and panic one sees around nowadays is unprecedented. Unlike earlier, the fear and panic is coming from some unusual directions.
China’s Premier Wen Jiabao called for more regulation of the world’s financial system, saying after the summit “we need to draw lessons from this crisis.” “We need financial innovation to serve the economy better, however we need even more financial regulation to ensure financial safety.”
The second positive result of the financial crisis revolves around redrafting laws and rules that regulate global financial institutions, especially the International Monetary Fund (IMF), World Bank (WB), and the World Trade Organization (WTO) whose membership could not have been possible without a green light from Wall Street.
If you get laid off, you can only hope you saw the writing on the wall long before your company announced its cuts. You can only hope you leave with an impressive work history, great recommendations, and updated skills. You can only hope.