Well, Google laid off a 100 people. That really means that the economy is bad!
I am not knowledgeable enough to make a general comment on the tech sector..but the lay offs at places like M$ and G could also be an opportunistic move to take advantage of the situation and get rid of some flab..
the economy is no doubt in bad shape : I say this because of the sentiment of the investors in various sectors and also the media projection....When Infosys , Wipro have begun layoffs, India has also felt the pinch...Also for new company creations, not many banks may be ready to invest in business now by giving loans...only private vcs should come to the rescue ....Dont know ..
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