Originally posted by ramesh maredu:
Two answers are opposite to each other
But of course. That's like asking, is it a good time to start a company? It's a bad time to start a retail company, since no one in buying; it's a great time to start a company that has immediate results to cut costs to their clients, since companies are desperate for that. So if someone asks, should I start a company, the answer is "it depends on what company you're starting."
Ulf is right that if a company miscalculates, often the last hired is that first fired. Of course, I've seen many finance companies recent lay off lots of people and then hire a bunch of consultants since they cut some of the wrong people.
If you find another company where there is a role that's important to them which you can do, and/or they are doing well in this market, it might be a good change to make. Likewise if you're at a 40% discount to your fair market rate another company might be happy to hire you at a 20% discount, yielding you a salary increase while still providing a cost savings to a cash strapped company.
--Mark