[navendusharma]

the implications of such events can be viewed from a positive perspective. A Company with strong financials and which has made investments in good projects will survive.
Another trend being seen in recession is cost cutting by companies- Laying off of average performing senior management people for the price of many junior heads. That means one senior person is replaced by say 5 junior employees and the company still saves several lacs as senior management personnel used to earn a fat package.