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ImageThe fraud-hit Satyam too has announced a slew of cost-cutting measures, including a cut in variable pay. The company has withdrawn the variable pay component of all its employees from April 1. However, there is no reduction in fixed compensation.

In an email to employees, Satyam CEO AS Murty said that only the minimum guaranteed amount of 25 per cent would be paid towards variable pay for the third quarter (October, November and December 2008) and the fourth quarter (January, February and March 2009) to all associates.

He wrote, "A revenue-linked allowance would be introduced from April 1 only for associates working in approved 'billable' roles and who were allocated to billable customer projects."