Monday, 18 December, 2023
Recession Fears Prompt Pay Hike Cuts in IT Sector
![Recession Fears Prompt Pay Hike Cuts in IT Sector](https://d3vnc3w6v6jm99.cloudfront.net/recession-fears-prompt-pay-hike-cuts-in-it-sector.webp)
Amid looming recession concerns, major players in the IT sector, including Infosys, announce substantial cuts in pay hikes and promotions. The industry reacts to economic uncertainties by implementing cost-saving measures, impacting employees' compensation and career progression. This move reflects a proactive response to economic challenges, emphasizing the need for resilience and strategic adjustments within the IT sector to navigate potential downturns.
Read full story at Economic Times