I just read a blog entry by Seth Godin. I would urge everyone to read it.
The advice he gives is equally true for job hunters. During times like this, when people are getting laid off and job openings are hard to come by, please be wary of people guaranteeing you jobs in large enterprises. If it sounds too good to be true, it probably is!
Every other day, there are news articles about people getting scammed out of thousands of rupees by fly-by-night recruiters who promise jobs, visa, passports, and anything else in demand.
If you have been just laid off or are fresh out of college, remember this is not the end of the world. There are still jobs available in the market. Use all the legitimate avenues available to you including
1. Recruiters who are well established and who don't charge you.
2. Job sites where you can freely upload your resume
3. Career pages of the companies you are interested in.
4. Cold calling the hiring managers
5. Your friends network
6. Your alumni network
7. Your ex-colleagues, relatives, acquaintances, and other people you know well.
Never pay someone who promises you a job for money. These people are the scum of the earth feeding off good people in desperate situations.
Keep your money safe. You'll need it now more than ever!
Keep looking. Your next job may be just around the corner. All the best.