Friday, 24 March, 2023

Infosys temporarily freezes pay hike, promotion; to honour all job offers

<p>Tech major Infosys said that they have temporarily suspended pay hikes and promotions following the slowdown in business due to COVID-19 pandemic. &nbsp;The company, however, clarified that it would honor all the job offers made. &nbsp;Nilanjan Roy, CFO, Infosys, said these steps were taken to cut costs as Infosys expects business impact on all geographies. The company clarified that they were not really looking at COVID-19 related layoffs, but some performance-related exits.</p>