Its sad to see such situation is taking place in IT world. Looking at the past none of the companies pay bigger salaries to developers or the junior players in the team when companies make profits. All the CEOs, CFOs travel in big cars go to fancy restaurents enjoy all luxuries but people like who work hard don get that much liberties in life and in such crisis even the senior most people face such cost cutting it actually dont affect them so much but we suffer lot. Its a very bad move.