The struggle is on in 2009

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January 5, 2009, 11:52 AM — 

ZDNet blogger Brian Sommer wrote today that service firms are in for a struggle in 2009, and I think his crystal ball has the right dope. In fact, it doesn't take a crystal ball to know that almost everybody is in for a hard time this year. One of the issues cited is something I've never considered a factor, but it may well be, and that's the "sabre-rattling" between India and Pakistan. Indian IT firms and call centers, which cater mostly to non-Indian firms, are at risk not only because of a growing global recession, but also because of tenuous politics between the two countries which may cause some instability. Another prediction is that many offshore service providers will start making salary cuts to remain competitive. It's inevitable that the domestic IT service industry will also start either freezing or cutting pay levels to weather the hard times. Lastly, look for some service firms to restructure, be acquired, or disappear completely.

It's a bleak, but accurate look at the coming year.

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People can't get enough of their spending habits. Everytime their attention was caught by the latest trend in the market, most of them see to it that they'll have it. Amidst recession, people have been very conscious with how they look like and how they stand in the society that is why they see to it that they look their best and that they are in to society's statement. Don't you think it's time for us to take control of our spending habits? With the economy going from bad to worst, we really have to. Read more about a payday loan and recession spending at the Money Blog.
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