Weak business driving TCS, Infosys and Cognizant to cut travel costs by 50%

India’s major IT service providers have significantly reduced their travel expenditures, by nearly 50 per cent since 2020, driven by subdued demand, efforts to optimise costs, and increasingly restrictive US visa policies, as reported by The Economic Times.

Travel expenditures in the software services sector include costs associated with on-site travel for sales and executive meetings, including accommodation, transportation, and visa-related expenses.