Hyderabad based Satyam Computers on Thursday announced various cost cutting measures to support the scam hit company in times of global economic meltdown.
“As a policy, the pre-sales, solution architect, delivery and operational support personnel will be located in the low-cost countries. All units have to sharply reduce (by more than 60 per cent) non-billable domestic and international travel,” Satyam CEO A S Murty said in an address to employees.
The company has also announced cost cutting measures relating to internal issues. All capital expenditures, unless required to meet customer deliveries, are being suspended till further notice, which includes renewal of laptops, office renovation.
The company has suspended external training as well as the advertising and marketing co-lateral expenses for the time being.
Besides, the company will maximize use of internal training facilities and instructors, adding it will also terminate lease of several rented premises to provide sizable saving.
The company board has also decided to terminate lease of several rented premises to provide a sizeable saving.
Murthy clarified that these measures were necessitated not just because of Satyam”s bad financial situation, but are also relevant due to the larger economic slowdown.
