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Wipro, Tech Mahindra, TCS: Hiring crashes up to 96% at major IT firms; what to expect next?

The IT sector was already facing a slowdown due to a drop in demand because of the macroeconomic conditions, but the banking crisis that played out in February-March of this year led to further ramp-down in existing deals of IT companies and cutbacks in discretionary spending.

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Eligible TCS Employees Will Get 100% Bonus In 2024; 85% HCL Employees Will Get Variable Pay! - Trak in - Indian Business of Tech, Mobile & Startups

Eligible TCS Employees Will Get 100% Bonus In 2024; 85% HCL Employees Will Get Variable Pay! - Trak in - Indian Business of Tech, Mobile & Startups
trak.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trak.in Daily Mail and Mail on Sunday newspapers.

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TCS, Infosys, HCLTech: Hirings drop up to 78% in FY23 at major IT companies

TCS, Infosys, HCLTech: One of the consequences of headwinds faced by the Indian IT sector is the drop in hiring numbers in FY 2022-23 as compared to FY 2021-22, across the majority of IT companies.

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After TCS, Another Tech Company Decides to Give Variable Pay (Bonus) to Its Employees DEETS INSIDE

HCLTech has announced that 85% of employees will receive variable pay for Q4 FY22-23. The announcement was made during an earnings call by the company's Chief People Officer, Ram Sundarajan. Variable pay is compensation awarded to staff who go above and beyond their usual duties to contribute to the company's success., Companies News, Times Now

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85% employees to get variable pay at HCLTech: Chief People Officer R Sundarajan

Variable pay is a part of employee compensation which depends on the performance of the company as well as performance of individual employees.

Prateek aggarwalRam sundarajanChief people officerChief financial officerAnnual recurring revenueProfit after taxEarnings per shareOperating marginsHcl techBpcl share priceCltech q4 fy23Cl q4 fy23Ccl indiaCltech stock priceCltech varible payAriable pay indian it company