Sign of the coming times in India?

Did anyone see this coming? BBC is reporting that

India's largest private airline Jet Airways has laid off 800 employees as it cuts flights amid soaring costs.

The company said cabin crew hired for a planned expansion programme which had been suspended would lose their jobs.

Hundreds of members of staff gathered in the city of Mumbai (Bombay) to protest at the move.

Jet says it plans to cut more jobs. Its announcement follows a recent cost-cutting alliance with India's second largest private airline, Kingfisher. According to reports, Kingfisher Airlines is also considering laying off some of its staff