In recent years, salary increases have become less predictable in the IT sector. (AI image) The traditional April-June period for salary increases within many IT companies has shifted to the third quarter of the year, creating uncertainty as the process now depends on the demand outlook. In recent years, salary increases have become less predictable,…
Infosys, India’s second largest IT services company, has started the fiscal 2024-25 performance bonus pay-outs for eligible employees, with an average of 80% for the first quarter that concluded on June 30. This move is expected to boost the morale of a significant portion of the technology workforce.The average percentage mentioned pertains to the bonus…
Srinivas Pallia, a long-time employee of Wipro, sold all his shares in the company worth Rs 5 crore just a month and a half before being appointed as the new CEO of the IT giant. The transaction, which took place on February 14, was reported to the exchange the following day. Pallia disposed of his…
Wipro has appointed Srini Pallia as its new Chief Executive Officer and Managing Director from immediate effect. In a company statement, IT giant Wipro said the current CEO Thierry Delaporte will be stepping down from the position, but will continue till May-end, working closely with Srini and Rishad Premji to ensure a smooth transition.Commenting on…
Wipro CEO Thierry Delaporte has resigned, with Srinivas Pallia set to take over from April 7, the IT major announced on Saturday. Pallia, previously the CEO for the Americas 1 area, will step into the role of CEO and Managing Director. Wipro announced the appointment of Srini Pallia effective immediately. “He succeeds Thierry Delaporte, who,…
IT sector hiring: Leadership hiring in the IT sector is on the rise after a period of stagnation. IT companies are keen on filling pending leadership positions and exploring new roles post elections in India, the US, and the UK. The optimism stems from the hope for a more stable and favorable business environment. Headhunters…
