scorecardresearchIndian IT firms like Infosys, Wipro cut staff bonuses as U.S., European clients tighten budgets

Indian IT firms like Infosys, Wipro cut staff bonuses as U.S., European clients tighten budgets

Updated: 26 Aug 2022, 08:34 AM IST
TL;DR.
Infosys Ltd, India's second-biggest IT company, and smaller rival Wipro recently told their employees they had reduced the variable pay portion of employee compensations, according to respective internal emails sent by management to staff at the two companies and seen by Reuters.
The ‘Great Resignation’ was a term coined a few months ago when employees, mainly in the tech and startup sector, were flooded with offers, joining bonuses and counteroffers.

The ‘Great Resignation’ was a term coined a few months ago when employees, mainly in the tech and startup sector, were flooded with offers, joining bonuses and counteroffers.