From past couple of years, we have seen some downsizing in many major industries worldwide. The reason is not just cost cutting and increasing the profit, but the truth behind is far worse than expected. The actual reason is that those companies are not been able to meet even their breakeven point because of the sudden increase of everything thatis used by any common person.
Most of the companies nowadays are just thinking of how to survive in this market. The only solution they find is to get rid of those people whom others could fulfill contribution. However, that doesn’t mean they won’t need any more of the staff for that work. The contract-based jobs are very common nowadays in almost every company we see. Continue reading