Biting Hard
Monday, September 28th, 2009When we heard the news that our major client is no longer going to extend its contract with us, we all begun to panic. If our major client will go away, that would mean huge lose of revenue for our company and we needed to lay off some employees who are taking the account. Employees that are bread winners in their family, employees that had been with the company when the account started, employees that have been with us for the last five years. But business is business and if we do not make corrective measures, we will end up running out of business as well. Separation pay will help the employees make it until they find another job but they need to find one urgently least they will be in a very uncomfortable situation. But that’s the way it is, they should have saved while they are with us. We could now feel the teeth of recession.