In an article "Techies hit by job insecurities" published on 24th November 2008 in The Economic Times, the author talks about the tech brigade hit by job insecurity and a slowing global economy. "...Not willing to sail with the ebbing tide, a ‘daring’ few are venturing out boldly — a move stamped foolish by many. They have plunged into the fresh waters of entrepreneurship or changed paths to search for their calling...."
Vishwas Mudagal, co-founder of JobeeHive.com, is quoted in the article for his expert views:
Despite the challenges none have regrets of changing gears during the crisis. Further, these routes provide opportunities to victims of layoffs. “Victims of layoffs are hardly getting interview calls. They have lost the bargaining power. An HR director of a reputed IT company, who lost his job to the recession, used to make Rs 35 lakhs per annum. Today, he is getting offers of Rs 8-10 lakhs per year. Professionals are looking at other domains to make a living or to pursue their dreams. One of the victims, who was in a managerial position with Yahoo!, took up teaching in an international residential school,” said Vishwas Mudagal, founder, JobeeHive.com.