Crisis-ridden IT major Satyam Computer Services’ management has drawn up several austerity measures and has urged its staff to strictly follow it. The initiatives are part of the company’s cost cutting measures in view of the global slowdown.
As per the initiatives, company has also put a freeze on expenses relating to internal issues including renewal of laptops, office renovation and curbs on non-billable domestic and international travel. The company has suspended external training as well as advertising and marketing co-lateral expenses for the time being.
The measures also state that the pre-sales, solution architect, delivery and operational support personnel will be located in the low-cost countries. Satyam is also considering terminating lease of a host of rented premises to save costs.