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Business News/ Videos / Major Indian IT companies like Infosys & Wipro are cutting back on variable pay; Here's why

Major Indian IT companies like Infosys & Wipro are cutting back on variable pay; Here's why

India's IT sector is facing heat amid fears of a global meltdown. As per Reuters, India's top IT services firms are freezing staff bonuses & halting hiring. IT companies are worried that the tightening budgets of the U.S and European clients bracing for a recession would hit their own profits.

 
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