Tuesday, September 23, 2008

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CTS removes Subsidies for its Employees!

Forwarded by Venkat

Unconfirmed News:

IT major Cognizant has removed its food subsidy of INR 16 per day per employee. Calculate the total cost saved per annum is INR. 280000000.(16 * 65000 (no. of employees) * 22 * 12 (no of working days) ) Phenomenal!

Is it cost cutting? or like Narayan Murthy said “SW Engg don’t need subsidies!

1 comments:

  1. Narayan Murthy said “SW Engg don’t need subsidies! - SUCKS MAN..!!!!

    ReplyDelete