Infosys CFO Jayesh Sanghrajka says no decision on the timing and quantum of wage hike — what we know
Infosys’ chief financial officer Jayesh Sanghrajka told reporters at the company’s Q4FY26 press conference on April 23, 2026 that it is yet to make a decision on salaries.
“We haven’t really decided on the amount and timing of the fee right now. Once we decide, we’ll let you know,” he answered a question. Pressed further on the difference in wage increases, Sanghrajka said the company takes into account various factors before making wage decisions.
“When we decide on the salary, various factors come into play. What is the performance of the company, what do we expect in the next few quarters, what are the industry practices, how is the industry expected to grow, what have other players in the market done, inflation, employee morale and all these factors. We keep all these factors in mind and decide the salary accordingly,” he said.
Infosys employee count decreased by 8,440
The Indian information technology giant saw a decline in total headcount by 8,440 in the quarter ending March 31, 2026, with multiple layoffs among software professionals, according to its quarterly earnings report released today. Answering questions at the press conference, Sanghrajka said that this was due to “three-month seasonality”.
Notably, the total number of employees for Q4 FY26 stood at 3,28,594, to which around 5,000 employees were added in FY26. The twelve-month (LTM) attrition rate increased from 12.3% in Q3 to 12.6% in Q4 FY26. The data also showed that nearly 40% of Infosys’ workforce is women.
“Headcount is down by 8,000 employees sequentially, but if you look at it on a year-on-year basis, it’s up by 5,000. There’s always seasonality on a quarterly basis, but if you put that aside for a moment, headcount is a function of the number of people you have, the usage you have, the volumes you’re seeing. Volumes were softer this quarter and that equation is what you get in hiring,” Sanghrajka said.
Asked about the hiring trend, he added: “We don’t really think that (headcount) is a number that will continually decrease. You have to look at it on a full year basis, we’re still experiencing headcount growth here.”
Infosys Q4 results
Infosys, India’s second largest IT company in terms of market capitalization, reported a 21% year-on-year increase in consolidated profits. ₹8,501 crore for the quarter ended March 31. The company’s profit in the same quarter of the previous fiscal year was as follows: ₹7,033 crore.
“We have delivered a resilient performance in FY26 with 3.1% growth with strong major deal wins of $14.9 billion, reflecting the robustness of our enterprise AI value proposition and market share gains in major transformation opportunities. The simplicity and power of our AI services strategy across six areas is gaining traction in the market, further strengthened by strong ecosystem AI partnerships that enable customers to derive value from AI,” Infosys CEO and MD Salil Parekh said in a statement.
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