Cost Cutting
Companies that fall under major business sectors cry out for cost cutting to sail through the recession economy. The major business sectors include Information Technology, Automobiles, Airlines, Retail, Engineering, etc. The purpose of the cost cutting is to maintain their profit level to a minimum increase year by year at the least by 30-40%. A recent report by Economic Times says Tata Consulting Services, standing first place in software export business, is planning to focus intensely on cost cutting though it harvests a considerable sharp profit increase during the fourth financial quarter. In addition to cost cutting, companies focus on maximum utilization of billable hours and minimizing the investment for rework.
Technology | admin | 23 July 2009 |
