Wipro to roll out annual hikes effective December

Wipro will roll out annual hikes or merit salary increases (MSI) to its employees effective December 1. The Bengaluru-based information technology firm had postponed the hikes, due in September, by a quarter due to macro headwinds and margin pressure.

The hikes will be decided on an individual basis over the next few weeks.

“Despite the current tough and uncertain global market conditions, we are pleased to announce that our MSI will take effect from December 1, 2023,” chief human resources officer Saurabh Govil wrote in an email sent to employees last week.