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Infosys, Indias third-largest IT services company, has announced salary hikes for its employe...
Meta, the parent company of Facebook, Instagram, and WhatsApp, recently laid off , employees, on...
Capgemini, a global leader in consulting, technology services, and digital transformation, has annou...
Infosys, one of India’s leading IT services companies, has announced a reduction in performance bonuses for the third quarter ending December 2024. The company has decided to offer an average of 80% of the target bonus to its eligible employees, a decrease from the previous quarter’s payout. This decision comes ahead of the anticipated annual […]
India’s largest IT services company, Tata Consultancy Services (TCS), is set to roll out annual salary increases for the fiscal year 2025 (FY25) in March, with payouts starting in April. The hikes are expected to average between 4-8%, according to sources familiar with the matter. The average hike was 7-9% in FY24 and 10.5% in […]
Infosys, one of India’s leading IT services providers, has announced plans to issue salary increment letters by the end of February 2025. The company has revealed that the average salary hikes will range between 5% to 8%, effective from April 2025. This decision comes as Infosys anticipates a rise in technology budgets and an overall […]
Infosys, one of India’s leading IT services companies, is set to release annual salary hike offers to its employees by the end of March 2025. This announcement comes as a relief to employees who have been eagerly awaiting updates on their compensation revisions. Employees have welcomed the news of the salary hikes, which come after […]
Tata Consultancy Services (TCS), India’s largest software exporter, has announced a reduction in variable pay for senior employees for the second consecutive quarter. This decision comes despite senior employees adhering to the company’s work-from-office norms. Responding to queries, a TCS spokesperson stated, “We don’t comment on speculation.” The company has not provided a detailed explanation […]
Swiggy, the popular food delivery platform in India, has announced the allocation of Employee Stock Ownership Plans (ESOPs) worth INR 1,171 crore to its employees. Swiggy CEO Sriharsha Majety emphasized the importance of ESOPs in retaining top talent and driving the company’s growth. He stated that the ESOP allocation is a testament to Swiggy’s commitment […]
Infosys CEO Salil Parekh recently addressed concerns over low salary hikes and toxic work culture claims during the company’s Q3 earnings call on January 16, 2025. This comes amid a raging debate over the industry-wide 90-hour workweek, sparked by remarks from Infosys co-founder Narayana Murthy and L&T Chairman SN Subrahmanyan. Infosys Low Salary Hike and […]
In FY24, Larsen & Toubro (L&T), reported a significant disparity in pay hikes between its top management and regular employees. This development has raised eyebrows and sparked discussions about income inequality within the corporate sector. Details of the Pay Hike at L&T L&T’s managerial staff witnessed a remarkable 20% increase in their compensation packages, while […]
Bengaluru-based IT giant Infosys is set to begin rolling out pay hike letters to its employees starting in February 2025. This move comes as a welcome announcement for employees who have been eagerly awaiting their salary revisions. The pay hikes will be effective retrospectively from January 1, 2025. They will cover the appraisal period from […]
Apple Inc. has announced an 18% increase in the compensation of its CEO, Tim Cook, raising his total pay to $74.6 million for the fiscal year 2024. This significant pay rise is largely attributed to an increase in stock awards. Tim Cook’s total compensation package for the year includes a $3 million base salary, $58.1 […]
India’s third-largest IT services company, HCLTech, has recently announced salary hikes for its junior employees, sparking discussions and anticipation among senior staff who are still awaiting their increments. This move comes amidst a challenging demand environment and uncertainty over discretionary spending, prompting the company to delay wage hikes for mid to senior-level employees. HCLTech Salary […]
Infosys, India’s second-largest IT services company, has announced the deferral of its annual salary hikes to the fourth quarter of the current financial year (Q4FY25). This decision comes amidst ongoing challenges in the global market, particularly in discretionary IT services. The company’s Chief Financial Officer, Jayesh Sanghrajka, revealed that while some increments will take effect […]