With the recent dollar hurdles all the IT firms decided to cut allownces of IT abroad staff.
According the news magazines the big Indian IT service providers like Tata Consultancy Services , Infosys Technologies and Wipro have launched independent studies to arrive at the revised "per diem" (daily rate of payment) for onsite employees in a bid to cut costs. The move follows IT majors like IBM, TCS and Yahoo weeding out staff for "poor performance".
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