Infosys, Wipro roll out over 80% average variable payout

IT major Infosys increased its average variable pay to more than 80% for the June quarter of FY24, thanking Infoscions for their unwavering contribution and unrelenting commitment. Similarly, Wipro also rolled out more than 81% of an average variable for the June quarter to its employees.

The staff of both Bengaluru-based businesses have been informed of this. Quarterly performance bonuses will be paid to both firms’ employees in August salaries. As of the June quarter of FY24, both companies had more than 5,80,000 employees.