Salary cuts: Sikka, Premji, Birla see paychecks shrink as big firms fail to meet targets

In all the cases, sectoral turmoil and a fall in the company's performance are the cause

Didn't get that pay hike you wanted? If you're glum and schadenfreude is your kind of thing, then read on. You're not alone, big names like Vishal Sikka, Azim Premji and Kumar Mangalam Birla saw their paychecks shrink in financial year (FY) 2017.  

Sectoral turmoil and poor company performances are to be blamed for the shrinking payouts.  

Sikka, CEO of Infosys, and Premji, Chairman of Wipro, saw their compensation cut by over 60 per cent in FY17 as the information technology (IT) sector grapples with an ongoing slowdown due to global headwinds, tightening immigration norms and disruption caused