Infosys has been cutting back on variable pay since the past few quarters. The average variable payout made to employees in April to June quarter was 70 per cent. The company has noted that this is because of pressure on margins due to the wider economic downturn in the West.
According to the sources, Infosys has reduced variable payout for the June quarter or Q1 FY23 to about 70 per cent and the employees have been informed about the same. Get more Companies News and Business News on Zee Business.