Exclusive | Infosys cuts average variable payout to 70% for Q1 on margin pressure - Moneycontrol

Infosys’ move to reduce payout comes days after its rivals such as TCS and Wipro deferred or reduced variable payouts for the April-June quarter in a bid to defend margins.

Software services major Infosys has reduced the variable payout for employees for the first quarter of FY23 due to the impact on margins. An email sent to employees, a copy of which Moneycontrol has… [+3169 chars]

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