Coronavirus impact: Infosys to freeze hiring, salary hikes

IT major Infosys will delay taking on board new recruits and will temporarily freeze hiring, hikes and promotions in the wake of the disruption due to the global pandemic. “We have no regrets in doing so. It will help us come out of the crisis stronger,” Nilanjan Roy, CFO, said on Monday.

Last week, TCS, the country’s biggest exporter of software services, had said it would not retrench any employees though there would be no increments this year. The TCS management said it would take on board the 40,000 recruits.