The move is the first in a series of "career-focused" initiatives to support industry professionals during the coronavirus crisis.
Individuals facing redundancy and finding themselves out of work will receive a 50% reduction on their annual fees.
ITT is also offering flexible payment plans for those in need.
Chair Steven Freudmann said: "As we enter the next stage of the coronavirus crisis, regrettably, many talented people in our industry will suffer difficult times, both professionally and financially.