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by Rahul 25 Mar 2009, 19:14
ImageWith the global economy facing rough weather, cost cutting has become the new mantra in Business World. Companies across the segments and sectors are trying various measures to rein in costs.

From layoffs to issuing hiring freeze to cutting travel costs to giving unpaid compulsory off to cutting stationery and energy expenses, companies are doing all to get a handle on operating expenses. One cost reduction measure that seems to be increasingly becoming common is salary cut. The list of companies announcing a cut in their employees' salaries is growing across verticals.

It's no different in IT, where from TCS to Infosys to Microsoft to HP, all have announced a cut in pay packets. Here are the technology companies who have announced salary cuts and freezes to tide over the challenging economy.