I'm in Healthcare IT. Same here. We've gone through 2 rounds so far this year and at least two last year. They are still saying they want to reduce by another 7%. I'm already doing the job of 3 people. But, oh, we have plenty of Indian directors getting a fortune and my Indian boss doesn't hesitate to hire more offshore contractors that work hours opposite to us, are hard to communicate with, and us on-shore 'resources' have to redo all their work. I haven't had a raise in a decade.