Infosys freezes salary hikes amid 70-hour work week proposal

Infosys, after Narayana Murthy suggested a 70-hour work week, has put salary hikes on hold.

Infosys recently postponed salary hikes, with a decision expected in Q4.

The last salary hike at Infosys was in November 2023, over a year ago.

Global demand uncertainty and reduced IT spending are cited as reasons for the salary hike freeze.

Narayana Murthy wants employees to work 70 hours a week, but Infosys has held back on salary hikes.

Murthy said that India's progress requires hard work from its youth.

Murthy's 70-hour work week suggestion faced opposition, though some supported it.

Infosys reported a 2.2% rise in Q2 net profit to ₹6,506 crore, but below expectations.