Infosys defers annual salary hikes to fourth quarter: Report

Infosys Ltd, India’s second-largest information technology (IT) services company has deferred annual wage hikes to the fourth quarter of the financial year 2024-25.

Usually the wage hikes are implemented earlier in the year, and the postponement reflects the uncertainty in global demand for IT services, delayed client budgets, and macroeconomic uncertainties, according to the report.