Infosys, HCLTech, & LTIMindtree move wage hikes to Q3. Here’s why

Major Indian information technology (IT) companies Infosys, HCLTech, LTIMindtree, and L&T Tech Services shifted wage hikes to the third quarter of FY25, it was reported. The decision was taken in order to manage costs and sustain profitability amidst a sluggish demand environment, Moneycontrol reported. Wage hike is usually implemented earlier in the year but the delay reflects uncertainty in the global demand environment.