India 360: After TCS, Wipro Delays, Infosys Cuts Down Employees’ Average Variable Pay For June Quarter: Report
Zee Business Video Team | Updated: August 23, 2022 23:22 pm
India's second largest IT firm Infosys has reportedly reduced its average variable payout for the June quarter to 70%. Apart from this, Wipro has put on hold the variable payments of its mid and senior level employees for the April-June quarter. Whereas, junior level employees will be given only 70% of their June quarter variable. TCS has also postponed the quarterly variable pay of some employees for a month. Infosys operating margin stood at 23%. Wipro's operating margin stood at 15% in the June quarter. Why are the margins of IT companies declining? Watch this exclusive report on India 360.
