Nil to 1% hikes for LTIMindtree employees after months of delay

India’s sixth largest IT services major by revenue LTIMindtree has rolled muted annual increments with several employees getting no increments, said sources in the know.

This comes as the company reported delayed deal closures and hiring freezes from clients, during Q1 earnings. ET could not independently verify the share of the employee base that received such hikes but sources told ET that a majority of the employees have received hikes in low single digits.