My Experience During the 2008 Recession
I am a Software Engineer with two years of existing software experience. During the time of the 2008 recession, I was hired by a software company located in Andheri East, Mumbai. I received only a 20,000 annual increment from my previous CTC upon joining this firm. I was satisfied with joining this firm as I knew I would learn a lot.
Later, I noticed that the company was laying off people in groups. The total company strength was over 400, and news circulated that they were terminating more than 20 employees on a weekly basis. Feeling insecure about working for this firm due to the recession-driven layoffs, I decided to quit as I had financial dependencies.
I began looking for a new job and quickly received an offer to work under contract with a new firm, with a 7-day joining deadline. I resigned from my current job, requesting to be relieved within 2-3 days. I agreed to pay 30 days' salary in lieu of notice as per company policy. However, my full month's salary was withheld, and they insisted I serve the full notice period.
After working for about 2.5 months for this organization, I left and joined the new firm. Upon requesting either one month's salary or a relieving letter, my previous employer claimed I had absconded and refused to provide any documentation or payment.
I am uncertain about my next steps. Nowadays, top recruiters require a relieving letter from all previous employers. Does this situation mean I will be unable to work for top recruiters in the future?
I am a Software Engineer with two years of existing software experience. During the time of the 2008 recession, I was hired by a software company located in Andheri East, Mumbai. I received only a 20,000 annual increment from my previous CTC upon joining this firm. I was satisfied with joining this firm as I knew I would learn a lot.
Later, I noticed that the company was laying off people in groups. The total company strength was over 400, and news circulated that they were terminating more than 20 employees on a weekly basis. Feeling insecure about working for this firm due to the recession-driven layoffs, I decided to quit as I had financial dependencies.
I began looking for a new job and quickly received an offer to work under contract with a new firm, with a 7-day joining deadline. I resigned from my current job, requesting to be relieved within 2-3 days. I agreed to pay 30 days' salary in lieu of notice as per company policy. However, my full month's salary was withheld, and they insisted I serve the full notice period.
After working for about 2.5 months for this organization, I left and joined the new firm. Upon requesting either one month's salary or a relieving letter, my previous employer claimed I had absconded and refused to provide any documentation or payment.
I am uncertain about my next steps. Nowadays, top recruiters require a relieving letter from all previous employers. Does this situation mean I will be unable to work for top recruiters in the future?