Besides laying off, reducing people on the bench, stalling recruitments and outsourcing work, companies are also devising other austerity measures. However, when contacted, nobody was ready to talk about it on record. A hardware major is supposed to have gone slow on their training programmes. There are also talks of a salary rollback in a reputed software company. Some companies have stalled all kinds of capital investments.
Training forms a major component in the professional development of an IT pro.
Most companies put a lot of stress on training. Some companies have also stalled projects involving capital investments, like acquiring an Internet lease line or purchase of new hardware or software. It seems most companies have now adopted a new travel policy. Company executives are now required to take more approvals for travelling than they did earlier. Now we are a little more cautious and try to justify the expenses to the company with the possible outcome of the meeting.