Several major Indian information technology (IT) companies have shifted wage hikes to the third quarter of FY25 to manage costs and sustain profitability amidst a sluggish demand environment.
“So, if many employees leave, companies will be happy they are going,” said Yugal Joshi, Partner at Everest Group.
However, the dilemma is that the options for these employees are severely limited in the current job market. “Where would they go? What are the exit options? People keep switching, but at an aggregate level, there is definitely a challenge,” Joshi said.
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