Several IT services cos defer salary increments
Monday, 4 September 2023
Indian IT employees have had a mixed bag with increments this time around, reflecting the softer business environment. Infosys and HCLTech have not rolled out hikes yet. Infosys normally announces the hike in June/July, and it's effective from April. HCLTech is skipping increments for mid to senior employees this fiscal and has deferred hikes to junior employees by a quarter.
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