Economic Crisis

News said that Nortel has recently laid off around 3000 people again, representing 10 percent of its global employees, Microsoft announced that there might be 5000 layoffs of people in the following 18 months, even the Google that has always been freely also started to tighten their belts. Worked in this industry all these years, I have never been so afraid like this year. Finally, I also have the opportunity to really feel the economic crisis. Company CEO announced that employees all over the world would have to face a reduction in salary and he takes the lead down by 20% last week. What a poor nobody I am! As the reason of poor performance of our department in last year, we should not count on a normally salary increase this year. I thought that the situation was as bad as it could be, but worse was to follow. Today, the reduction in salary comes true from Email to bank account number. But I heard that in Europe, the company gets encountered obstacles, these measures must get the consent of the staff to work properly implemented. Of course, whether this is false news or not, for us, does not really matter. Since workers in China will not have fair legal measures to protect you, there will not be militant labor union organizations to support you either, therefore, no matter how it decreases, at least I am still working.