Thursday, February 19, 2009

Satyam to exercise cost-cutting, relocate onsite staff

Satyam Computer on Thursday announced cost-cutting measures including relocating onsite support staff to tide over the current financial crisis in the company and meet the challenges posed by the global economic slowdown.

The company has also put a freeze on expenses relating to internal issues. "All capital expenditures, unless required to meet customer deliveries, are being suspended till further notice. This 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.

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