 "Infosys tightens appraisal process, defers increment till July")
Infosys, India’s second largest IT (information technology) firm, has deferred salary hikes for its mid-level employees till end of July to reduce cost and ensure better payouts at the same time. Some employees may even get salary hike after July.
Employees with less than eight years of experience who fall under job level 5 (JL5) category will see their performance and salary review begin from July, Pravin Rao, chief operating officer, Infosys, told employees in a mail on Wednesday.
Amidst fears of job losses across different IT services firms, Rao said the company would not look at any layoffs and
