The New Delhi-based developer had said earlier this month it didnt plan to shed workers after profit fell by 4 percent in the three months to Sept. 30 and the number of employees declined by 12 percent during the quarter.The global financial crisis is leading Indian stocks to their worst year on record, crimping purchasing power even as a five-year rally in property prices and increased borrowing costs hurts demand. DLF shares have plunged to nearly a fifth of their value at the start of this year amid a slump in property prices.

More: continued here