Infosys slashes variable pay in Q4 FY23

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Today some sources reported about, India IT Company Infosys that it will be rolling out 60 per cent variable pay on average to its employees in Q4 FY 2022-23.

Also as per reports, an email was sent to its employees by the company, the exact payout for each employee is subject to their respective department’s guidelines and is expected to fluctuate based on pay grades and departments.

The email read, “While FY23 was a year of strong performance overall, the quarter that went by was impacted by a volatile market and unforeseen events.”

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