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Guys
any idea whats happening with the sacking bag?
Just got to know tht one of the leading foreign bank got rid of around 200 ppl last week..
seems pretty strange as i thought the situation had stabilized..

can you mention what bank?

Sackings still going on...In fact some of the more well managed companies which had a buffer(cash reserves) for bad times are still not making profits and as such terminations are still taking place.

Even though the media is talking about a revival, there is a lag before it actually affects companies on the ground.
Then again there are talks about a W - recessions, so companies taking long term prospects into consideration are gearing up for another drop.