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Warner Bros. Discovery cut its earnings outlook for the year by hundreds of millions of dollars, blaming the ongoing Hollywood actors and writers strikes.
India Business News: Indian IT companies have taken divergent approaches to salary hikes this year due to the softer business environment. Infosys and HCLTech have not ann
Infosys and HCLTech have chosen not to implement raises, while Wipro has postponed its announcement to the third quarter. Tech Mahindra has granted increments to junior and mid-level employees but deferred them for senior roles. TCS, on the other hand, has given an average hike of 6% to 8%.
According to a TOI report, Infosys and HCLTech have chosen not to implement raises this time. Typically, Infosys announces its salary hikes in June/July, with them taking effect from April. HCLTech has opted to skip increments for mid to senior employees in this fiscal year and has postponed raises for junior employees by a quarter.
As we remain gripped by the AI frenzy, seemingly everything has become automated.