Infosys delays annual wage hikes to Q4 FY25 amid uncertain global demand

IT major Infosys has deferred the annual wage hikes to the fourth quarter of the current financial year (Q4FY25), Moneycontrol reported on Monday. The company last raised wages in November 2023.

The delay in wage hikes mostly highlights uncertainty in global demand, especially for IT services. The current challenges faced by IT companies are low discretionary spending, delayed client budgets, and macroeconomic volatility.