A ray of hope in these hard times

These are bad times. Don’t think anyone would disagree with me on that line. Recession is everywhere, people losing jobs everyday and companies taking cost cutting seriously and it’s only going to get worse. But as they say there is a ray of hope at the end of the tunnel there is some good news for those who have been given the pink slips and those who are jobless.Now hiring

Many billionaires around the world have lost billions of dollars as a result of the global economic downturn but that has not stopped them from hiring more and more for their businesses. The good news is that India alone accounts for over 100,000 new jobs that are being created by them.

H&M, run by Swedish billionaire, is opening 225 new stores in 2009, which would create 7,000 new jobs. Sergey Brin and Larry Page, Google founders are still hiring but at a slower rate. Later this month, Perot Systems would open a large facility in Chennai, India, that could generate up to 1,000 jobs, while a new project in the United States would create an additional 150 positions.

It’s an irony that a man who was the wealthiest Indian in early 2008 was the biggest loser at the end of 2008.Anil Ambani will be employing close to 92000 employees. According to Forbes “The economic downturn has actually helped boost several billionaire businesses and spurred them to add jobs. The discount-shopping sector, for instance, is red hot right now as savvy ‘recessionists’ hunt for all sorts of bargains.” So those of you are unemployed and looking out for a job maybe these billionaires could be your support in these hard times. You might not become billionaires like them but alteast there would be job security 🙂

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2 thoughts on “A ray of hope in these hard times

  1. recession is time of joy for any company,since its employees want to work hard to kepp their jobs alive.

    intel was one company which was started at time of recession.look 2day were it is !!!!

  2. May be for some companies…Not for all companies though especially those in the financial sector

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