IT major Infosys has reportedly delayed salary increases to at least July and even later for senior employees, even as it played down fears of job cuts and started taking steps to reduce operating costs.
For employees ranked JL5 (job level 5) and below -- typically those with less than eight years of experience -- the compensation review will be effective from July. Moreover, the review for other employees would be rolled out in subsequent quarters. However, the company is not planning any job cuts.
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