Recession worsens as more people are becoming unemployed. An avarage of 9000 job cuts occured everyday on Januarry-2009. As the financial turmoil continues to rattle the world, more number of Job cuts could be witnessed in the future. The bankruptcy of American electronics retailers is expected to affect 30,000 employees. Companies worldwide are bringing down the number of Workforce inorder to resist the economic debacle.
The only hope to overcome the issue lies on the stimulus package of 819-billion dollar by the American President Barack Obama to bolster the nation's recession-hit economy. The plan has already received a green signal from the House of representatives in US and would voted on by the Senate this week.
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