Employment, for an average Indian, is still one of the most important criteria for leading a personally satiable life. The fifteen years of formal education that one goes through is more often than not expected to transition itself into a fruitful job. However, the past few months, especially the fifth month of the year have witnessed noisy hue and cry over the unharnessed spate of job cuts. A sizeable number of employees across most sectors have either been laid off or are living in the insecurity of losing their bread-earner soon.