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That is forcing companies including Tata Consultancy Services, Infosys and HCLTech to accept contract conditions such as guaranteeing minimum cost savings, billing the client only if certain goals are achieved and reviewing cost overruns.
Amid gloom against the backdrop of fears of a global recession, major IT players in Bengaluru have enforced steep cuts in yearly hikes and promotions for staffers.
Bengaluru: Amid gloom against the backdrop of fears of a global recession, major IT players in Bengaluru have enforced steep cuts in yearly hikes and
Wipro's September quarter showed promising deal bookings but the pace of revenue conversion has been sluggish due to project delays weighing on its turnaround efforts
The pay hikes, which are typically effective from April 1, will now be effective November 1, 2023 instead, said a report