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it salary hikes: Tech majors may reduce pay hikes by half as slump hurts

Over the last three years, as per data by Xpheno, IT Service bellwethers have collectively increased compensation costs by 64%, while collective revenues grew by a little over 57%. This shows that the input cost is much higher than the output being generated. ....

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IT slowdown hits appraisals; Ghazal Alagh on Mamaearth's growth strategy

Pay increases at top tier Indian IT firms could halve from a year ago as the $245-billion industry faces a major slowdown. This and more in todays ETtech Morning Dispatch. ....

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Maharashtra's labour ministry sends notice to TCS, here's what the complaint said

The labour ministry of Maharashtra has issued a notice to Tata Consultancy Services (TCS) following a complaint filed by Nascent Information Technolog ....

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IT sector slowdown to hit increments! Top IT giants may cut salary hikes by half as slump hurts

India Business News: In FY23, when the IT sector was still thriving, average increments ranged from 12% to 18%. However, for the current year, these increments are project ....

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Mint Explainer: Why Narayana Murthy's call for a 70-hour work week won't fly

The Infosys founder said on Thursday that India s youth need to work 70 hours a week out of a sense of patriotism, but the IT sector is hardly in a position to dictate terms ....

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