Variable Pay Cut
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IT Firms Infosys And Wipro Cut Variable Pay As Budgets Tighten
The top IT services firms are freezing or cutting staff bonuses, worried that tightening budgets at US.and European clients who are bracing for a recession will sharply hit their own profits after a pandemic-led boom.
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Infosys Cuts Average Variable Pay To 70% For June Quarter: Report
India's second largest IT services company Infosys has scaled back the average variable payout of employees to about 70 per cent for the June quarter amid margin squeeze and high employee costs, according to sources.
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Renault Cuts CEO Carlos Ghosn's Pay After Tiff With Shareholders
French carmaker Renault on Wednesday said it would cut chief executive Carlos Ghosn's pay after a spat with shareholders that saw the government threaten to change the law.
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IT Firms Infosys And Wipro Cut Variable Pay As Budgets Tighten
The top IT services firms are freezing or cutting staff bonuses, worried that tightening budgets at US.and European clients who are bracing for a recession will sharply hit their own profits after a pandemic-led boom.
-
Infosys Cuts Average Variable Pay To 70% For June Quarter: Report
India's second largest IT services company Infosys has scaled back the average variable payout of employees to about 70 per cent for the June quarter amid margin squeeze and high employee costs, according to sources.
-
Renault Cuts CEO Carlos Ghosn's Pay After Tiff With Shareholders
French carmaker Renault on Wednesday said it would cut chief executive Carlos Ghosn's pay after a spat with shareholders that saw the government threaten to change the law.
