Infosys cuts variable pay after weak first quarterly results
Asia’s second-largest software exporter Infosys has slashed quantum of variable payouts for employees after the Bengaluru-based firm posted results that fell short of expectations and was forced to trim its full-year revenue forecast. In a quarter that Infosys saw high attrition rates of about 21%, the company is handing out 75% of variable pay to employees, down from the 90% payouts […]
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