Infosys Did Not Hike Salary: Infosys is also planning to increase the salary of its senior management in July, but so far no information has been given to them. It is not yet clear whether his salary has increased or not.
Infosys Did Not Hike Salary: India’s second largest IT service company Infosys has given a big blow to its employees. The company has frozen pay hikes that are usually due in April for employees below its senior management level. This is believed to be a sign of the company being under pressure or in crisis due to the current weak economic environment.
Did not get increased salary
According to a Moneycontrol report, according to many employees, they have not received their salary hike, which was due in the June quarter. No information has been given about the delay in getting the increased salary or from when they can get the increased salary.
There is no statement from Infosys yet on this matter. Times Now Navbharat.com does not confirm this report.
Senior management also got a shock
The company is also planning to increase the salary of its senior management in July, but so far no information has been given to them. It is not yet clear whether his salary has increased or not.
The increase was stopped during the Corona period
Infosys had earlier stopped the hike in 2020 Corona pandemic year due to cash convergence, and then started the hike in January 2021. Infosys is going to present the financial data for the first quarter of the current financial year on 20 July. The company is expected to present weak figures in this quarter.
How much income growth is expected
For the full year, the company has estimated 4-7 per cent growth in earnings in FY2023-24. This is the first time since FY 2017-18 that the company’s estimated earnings growth will be in this lower limit. Let us tell you that in the fourth quarter of the last financial year, the company had reduced its variable payout by an average of 60 percent across the organization.
