ASSIGNMENT

ON

RECESSION PERIOD

BY
PARUL SHARMA
PM A 32
YMCA
What is a Recession?

What causes it?

Stock markets & recession

Current crisis in the US

How to fight recession ??

Impact of a US recession on India

 When and how recession started???

Inflation and Real Estate

Trade figures
Where Did The Problem Started ?
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Current Situation
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What lies Ahead…

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Measures to be Taken
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Recession hits IT sector and BPO sector

LAYOFFS AND JOBCUTS DURING RECESSION

PERIOD
Microsoft Corp said its quarterly revenue fell from the previous year for the first time in
its 23-year history as a public company, and its profit fell more sharply than Wall Street
was expecting.

The shortfall illustrated the toll the recession has taken on the world's largest software
maker, even though Microsoft remains one of the richest and most profitable companies.
In January, Microsoft said it needed to resort to its first mass layoffs, cutting 5,000 jobs,
and yesterday it announced it would do away with merit pay increases for employees in
the next fiscal year.

Microsoft also did not issue earnings guidance for the rest of the year, and its earnings
statement offered no hope for a rebound in the current quarter.

Redmond, Washington-based Microsoft said that in its fiscal third-quarter, which ended
March 31, profit dropped 32 per cent to $2.98 billion, or 33 cents per share. In the same
quarter of 2008, Microsoft earned $4.39 billion, or 47 cents per share.
Microsoft's profit included a $290 million charge for severance from some of the layoffs
announced in January. The software maker also wrote down $420 million related to
investments that lost value.

Indian IT industry may cut 75,000 jobs this year

Mr Mittal

Wipro (HR) Pratik Kumar

Ravi RamuCFO of MphasiS

Recession hits IIT n MBA Institute Placements
Ravi Nikumbhengineering student at IIT-Delhi,

Economists hope US recession will end in 2009