Today recession is taking place all over the world... Because of this many companies are laying off their workers in 1000's. In this row Microsoft too had joined. It has been asked to cut its workforce by 10%, or about 9,100 employees, to tell the market that profits are more important than revenue growth in difficult times. Thus recession made things too worse. It is said that there have been close to 20 lakh layoffs in 2008 alone. So some care should be taken by all the countries to stop this recession.
