Infosys Salary Hike Deferred: Report Says IT Firm Postpones Annual Raise to Fourth Quarter for Current Financial Year, Here's What It Means for Employees
According to a report, IT firm Infosys has deferred its annual salary hikes, postponing the raise to the fourth quarter of the current financial year, with implications for employees. Know more details here.
Bengaluru, January 6:슬롯 머신 사이트 추천Infosys슬롯 머신 사이트 추천has reportedly delayed the annual salary hikes of its employees to the fourth quarter of Q4FY25.슬롯 머신 사이트 추천India's second-largest tech company슬롯 머신 사이트 추천implemented the salary hike in November 2023, based on which it was expected to announce earlier.슬롯 머신 사이트 추천Infosys슬롯 머신 사이트 추천salary hikes were deferred due to factors such as the global demand environment, delayed client budgets, and macroeconomic uncertainties.
According to슬롯 머신 사이트 추천a슬롯 머신 사이트 추천슬롯 머신 사이트 추천by슬롯 머신 사이트 추천Moneycontrol,슬롯 머신 사이트 추천salary hikes used to be typically implemented earlier in the year; however, Infosys's delay suggested that discretionary IT services were uncertain in the global demand슬롯 머신 사이트 추천environment. The슬롯 머신 사이트 추천tech슬롯 머신 사이트 추천industry had witnessed challenges that led them to skip the increments last year in order to maintain their profits and reduce costs.슬롯 머신 사이트 추천US Layoffs 2025: Job Cuts Coming to United States This Year As Companies Adjust Their Workforce to Prepare for Market Shifts, Says Report.
The report said that along with Infosys, its rival companies, including HCLTech, L&T Tech Services, and LTMindtree, skipped the salary hikes in the second quarter. This decision focused on cost reduction and sustaining their profits. On October 17, Infosys CTO Jayesh Sanghrajka announced that it슬롯 머신 사이트 추천was planning to increase the wages in Q4 in a phased manner effective in January and슬롯 머신 사이트 추천that the balance would슬롯 머신 사이트 추천be effective in April.
However, Infosys reported a mild increase in its profits with a 2.2% quarter-on-quarter rise to INR 6.506 crore and witnessed margins improved by 10 basis points due to lower onsite costs. Further, it was슬롯 머신 사이트 추천attributed to improved utilisation rates and operational efficiencies. This reportedly missed슬롯 머신 사이트 추천out on the Street expectations.슬롯 머신 사이트 추천
Motilal Oswal Financial Services슬롯 머신 사이트 추천already슬롯 머신 사이트 추천mentioned, despite the absence of a wage hike, that the company's margins would be affected negatively in the December quarter due to furloughs and a few working days. This was said to be offset by Project Maximus, which aimed to improve margins, pricing gains, and optimisation of subcontractor cost.슬롯 머신 사이트 추천Foxconn Ramps Up Production of NVIDIA GB200 AI Servers Ahead of GB300 Launch at GTC 2025: Report.
The report suggested that withholding or delaying the salary hikes would not lead to resignations슬롯 머신 사이트 추천amid the stagnant job market, giving tech companies an edge. Despite the슬롯 머신 사이트 추천deferred increment, Infosys offered a hike to top performers, rewarding their "exceptional talent" in areas like artificial슬롯 머신 사이트 추천intelligence (AI).
(The above story first appeared on LatestLY on Jan 06, 2025 10:26 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).