article thumbnail

Indian Companies Eyeing Global Expansion

The Global Small Business Blog

However, the 2007-08 financial crisis forced the company in the Middle East to shut shop. Saket, who calls himself an ‘accidental entrepreneur’, was left with two options—looking for a new job or building his own company. Hailing from Patna, Bihar, Saket had no plans to be an entrepreneur.

Jobbing 291
article thumbnail

What to expect? Slow Growth vs Recession?

Premier BPO

So even if the number of new job openings is reduced by 20% and layoffs are increased by 20%, the US labor market will still remain tight. Nouriel Roubini, NYU professor and CEO of Roubini Macro Associates, who earned himself the title of Dr. Doom for predicting the crash of housing market in 2007 and 2008 thinks that it is likely that U.S

BPO 130
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A look into the BPO & nearshore industry in times of global financial concern 

Redial

A crisis in which they were lost $8 trillion in value between late 2007 and 2009. Benefits that have ensured mechanisms that help us combat economic uncertainty: Job creation Loyal customer retention The promotion of entrepreneurship and innovations. Unemployment climbed, peaking at 10 percent in October 2009.

article thumbnail

It’s Starting To Feel A Lot Like The 2000s – What Is In Store For Indian IT And M&A

Zinnov

From 2003 to the first quarter of 2007, U.S. Robust Labor Market Dynamics: Not only is the labor market tight, as evident from unemployment rates, but it is also showing record-high ratios of new job openings to potential applicants. during the recession of 2007 to 2009, and jumped from 3.5% million jobs in 1997 to 3.54

Jobbing 52
article thumbnail

It’s Starting To Feel A Lot Like The 2000s – What Is In Store For Indian IT And M&A

Zinnov

From 2003 to the first quarter of 2007, U.S. Robust Labor Market Dynamics: Not only is the labor market tight, as evident from unemployment rates, but it is also showing record-high ratios of new job openings to potential applicants. during the recession of 2007 to 2009, and jumped from 3.5% million jobs in 1997 to 3.54

Jobbing 52
article thumbnail

The next generation of digital consumers

Perficient Digital Transformation

65% of Alphas will have jobs that don’t yet exist. Consider that the iPhone was first released in 2007 and social media exploded in the early 2000s. Perhaps the most mind-boggling thing is that the majority of Gen Alphas will work in jobs that don’t even exist yet. Lecturing and old models of learning will be obsolete.

Jobbing 64
article thumbnail

Learning from the Great Recession: Two Strategies That Can Help Businesses Rise Above COVID-19

Velocity Global

Together, these considerations created a perfect storm for the economic turmoil that began in late 2007. million jobs were lost during the Great Recession, 20 million jobs were lost in the first nine weeks of the current recession. Wall Street and individual consumers funding investments with excessive borrowing.