Rediff has published a list of tales of people who have been laid off in Indian IT companies.
http://specials.rediff.com/getahead/2009/apr/07layofftales.htm
How about all or most of them who have been laid off, join together and start a new company? Will it work at all?
They might want to try various available avenues for raising capital. Government can take a supportive stand.
Well, new, successful companies do not just rise out of the blue. It needs creativity, original thinking. But it's most often the case that desperation leads to new ideas!
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