Infosys on Monday said it had suspended promotions and salary increments for employees this year, with an eye on cash conservation, to tide over the uncertain business environment.
However, the company also plans to hand out 35,000 new offers in FY21 — including freshers and lateral (people with prior work experience) hires.
The Bengaluru-headquartered firm also said there would be no Covid-related lay-offs and it would honour all commitments made through campus offers.
“In terms of hiring, we will honour all our commitments in terms of campus hires and laterals. There will be no Covid-related lay-offs. However, involuntary attrition that