Infosys pushes pay hikes to July, says no planned job cuts
IT giant Infosys has deferred salary hikes for its mid-level employees till July-end to reduce cost and ensure better payouts. The salary hike may be pushed for even later for some senior executives. Amidst fears of job losses, COO Pravin Rao said the company wouldn't look at any layoffs and any separation may have happened on performance basis.