Infosys defers salary hikes till July

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Infosys has delayed salary increases to at least July and even later for senior employees, India’s second-largest software services exporter said, even as it played down fears of job cuts and started taking steps to reduce operating costs.
For employees ranked JL5 (job level 5) and below — typically those with less than eight years of experience — the compensation review will be effective from July, , chief operating officer UB Pravin Rao said in an email on Wednesday.