Monday, 18 December, 2023

Recession Fears Prompt Pay Hike Cuts in IT Sector

Amid looming recession concerns, major players in the IT sector, including Infosys, announce substantial cuts in pay hikes and promotions. The industry reacts to economic uncertainties by implementing cost-saving measures, impacting employees' compensation and career progression. This move reflects a proactive response to economic challenges, emphasizing the need for resilience and strategic adjustments within the IT sector to navigate potential downturns.