Infosys Defers Salary Hikes for Non-Senior Employees, Reflecting Industry Stress

12 Jul 2023 , 12:48 PM

Infosys, India’s second-largest IT services company, has deferred salary hikes typically implemented from April for its non-senior employees, indicating the challenges faced by companies in the current macroeconomic climate.

Multiple employees have confirmed the absence of pay raises in the June quarter (Q1) and have received no communication regarding the delay or potential timeline for receiving their salary increases.

The company has also not communicated any updates regarding salary hikes for its senior management, typically rolled out in July. It remains unclear at this time whether the hikes for senior management have also been deferred.

In the pandemic year of 2020, Infosys froze salary hikes due to cash conservation but resumed the practice in January 2021. As per data, Queries from several sources sent to Infosys regarding the salary hike deferral have gone unanswered. Infosys is set to report its first-quarter fiscal results on July 20, with expectations of a subdued quarter.

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