IT salary hike: LTIMindtree CEO confirms new pay schedule; no job cuts coming

LTIMindtree plans to disagreement its wage hikes into 2 phases. The IT services institution has confirmed that fractional of the employees volition get their raises from January 1, 2026, and the different fractional volition person them from April 1.

In an interrogation with the Economic Times, the company’s MD and CEO, Venu Lambu, elaborate the schedule, saying: “We’re going to commencement the wage hike starting from January, which volition spell connected till April. You tin expect america to person an increment rhythm dispersed implicit 2 quarters… and you ne'er know… wherefore not bash it passim the twelvemonth for antithetic populations of employees.”The company, which earlier gave wage hikes erstwhile a twelvemonth betwixt April and June, has present decided to dispersed them implicit 2 quarters.

Lambu said this alteration isn’t meant to amended finances oregon fulfill shareholders. Instead, it’s to let clip for grooming employees, arsenic clients are pushing for little prices and AI is evolving quickly.

Venu Lambu connected LTIMindtree’s layoff plans

Lambu besides confirmed that the institution is not readying immoderate workforce reductions oregon restructuring, a opposition to the actions of immoderate different ample companies successful the sector. He besides noted that the institution has separated its gross maturation from increases successful headcount.

“We added $64 cardinal of incremental gross without immoderate headcount increase… successful fact, with little headcount, possibly 200-300 little than what we had astatine the opening of the year,” Lambu noted.LTIMindtree hired astir 2,500 caller graduates done grooming programs during this quarter, bringing its full headcount to 86,447, which is up by 2,588 from the erstwhile quarter.The institution reported a 10.1% emergence successful nett net for July–September, with gross crossing Rs 10,000 crore for the archetypal time, supported by improved margins and ample woody wins.Lambu, who took complaint successful May, said a caller five-year maturation program volition beryllium announced successful December. He besides noted that gross from large clients has slowed arsenic AI tools are improving ratio successful existing projects.