I dunno how many of u r realizing the effect of this economy downturn, but I feel its heat sitting here at Cerner WHQ, US. Couples of weeks back, we had an annual meeting and our CEO hinted that there would be layoff. My team lead said the layoffs would mostly come at the cost of increasing investments in India. so i think we are safe. Most of the startups have laid off 30% of their employees and the trend is just continuing. Some of the bloggers have created their own pages to track how many startups have let how many of their employees go.