LTIMindtree reportedly plans to implement phase-wise wage hikes in the fourth quarter of the ongoing financial year, with 50% of the workforce being covered in the first phase
According to several media reports, the salary revision was made amid cautious spending across the Indian IT services sector, driven by muted global technology demand, delayed client decision-making, and ongoing macroeconomic uncertainties.
LTIMindtree plans to roll out revised pay in a staggered manner, with eligible employees set to receive updated compensation starting in the fourth quarter, while the rest of the workforce will be considered in later stages depending on business performance and review cycles. The company has not specified the size of the increases, but the phased rollout reflects a calibrated, merit-driven approach rather than a broad-based revision.
Analysts point out that major IT services players are currently walking a tightrope between managing expenses and retaining critical talent, particularly in fast-growing areas such as digital transformation, cloud services, data engineering, and artificial intelligence. LTIMindtree’s decision aligns with this cautious industry stance, aiming to support employee sentiment without putting pressure on margins.
The move comes amid early indications of demand improvement across segments such as banking and financial services, manufacturing, and energy, even as clients continue to limit discretionary technology spending. For employees, the announcement offers a measured sense of relief, suggesting a slow return to more predictable salary revision cycles after an extended period of uncertainty across the IT sector.
Recently, the company added about 1,500 AI employees to its workforce. Thus, a salary hike at the moment is worth considering.
