After Ratan Tata’s TCS, THIS majajor Indian company makes big statement on salary hikes, not Narayana Murthy’s Infosys, announcement to effect…, company is…
New Delhi: Indian multinational technology giant Wipro has made a major announcement and said that the wage hikes in FY26 will be decided closer to the date. This comes after Tata Consultancy Services (TCS) also deferred wage hikes this year, which will be rolled out “based on business environment”.
“We are still very far from that time, and in this uncertain environment, we will decide closer to the date,” Chief Human Resource Officer Saurabh Govil said after declaring the fourth-quarter results ended March 31, 2025. Govil further added that the company gave a wage hike ahead of time in September last year. And that was done within a year of rolling out wage hikes in December 2023.
Meanwhile, Street concerns have grown over a potential economic slowdown after US President Donald Trump refrained from ruling out a recession amid the implementation of trade tariffs.
To recall, Wipro, in October, had announced a pay hike from September 1, 2024. “We implemented merit salary increase effective September 1, just nine months after the last cycle,” Pallia said then.
India’s fourth-largest IT services company stated that sectoral uncertainties have significantly risen from FY25 to FY26, largely due to macroeconomic instability triggered by tariffs imposed by U.S. President Donald Trump.
“I don’t have a crystal ball that tells me how it (macroeconomic issues) goes… going from context of FY25-26, the uncertainties have dramatically increased,” Chief Executive Officer Srinivas Pallia said while addressing a press conference after declaring the Q4FY25 results.
He further added that massive trade between Europe and the US, coupled with the impact on European clients because of tariffs against China, will have an adverse impact going forward. “With that in context, we have looked at all the uncertainties… clients, and based on that we have given our guidance.”
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