LTIMindtree plans to divide its wage hikes into two phases. The IT companies firm has confirmed that half of the staff will get their raises from January 1, 2026, and the opposite half will obtain them from April 1. In an interview with the Financial Occasions, the corporate's MD and CEO, Venu Lambu, detailed the schedule, saying: “We're going to start out the wage hike ranging from January, which can go on until April. You may count on us to have an increment cycle unfold over two quarters… and also you by no means know… why not do it all year long for various populations of workers.”The corporate, which earlier gave wage hikes annually between April and June, has now determined to unfold them over two quarters. Lambu mentioned this alteration isn't meant to enhance funds or fulfill shareholders. As an alternative, it's to permit time for coaching workers, as purchasers are pushing for decrease costs and AI is evolving shortly.
Venu Lambu on LTIMindtree's layoff plans
Lambu additionally confirmed that the corporate is just not planning any workforce reductions or restructuring, a distinction to the actions of another giant corporations within the sector. He additionally famous that the corporate has separated its income progress from will increase in headcount.“We added $64 million of incremental income with none headcount enhance… the truth is, with much less headcount, possibly 200-300 lower than what we had at first of the yr,” Lambu famous.LTIMindtree employed round 2,500 contemporary graduates by way of coaching packages throughout this quarter, bringing its whole headcount to 86,447, which is up by 2,588 from the earlier quarter.The corporate reported a ten.1% rise in internet revenue for July–September, with income crossing Rs 10,000 crore for the primary time, supported by improved margins and enormous deal wins.Lambu, who took cost in Could, mentioned a brand new five-year progress plan can be introduced in December. He additionally famous that income from main purchasers has slowed as AI instruments are bettering effectivity in present initiatives.
