LTIMindtree will cut up its FY26 wage hikes throughout two quarters, marking a structural shift in how the IT agency approaches worker compensation, CEO and MD Venu Lambu stated through the Q2 earnings name on October 16.
Beginning this fiscal yr, 50% of LTIMindtree’s workforce will obtain wage increments from January 1, with the remaining half slated for hikes starting April 1. Lambu hinted this phased method may turn into everlasting. “We might not have one wage hike in a single specific quarter for all workers,” he stated. “This can be the brand new regular.”
The transfer displays deeper trade adjustments, Lambu defined, noting the IT sector is at a “important inflection level” pushed by fast advances in AI. “One of many important facets of the journey with our workers is how we cross-skill and upskill them to fulfill the calls for of AI initiatives,” he stated, stressing that skilling is central within the rising “agent AI period.”
Whereas the announcement got here alongside robust quarterly earnings—a ten.3% year-on-year web revenue leap to ₹1,381 crore and the corporate’s first-ever ₹10,000 crore income quarter—LTIMindtree’s shifting wage hike cycle has been a pattern. In FY24, increments have been delayed to August, and in FY25, hikes got here in Q3.
The brand new mannequin positions LTIMindtree as an outlier amongst friends. On the identical time, Tata Consultancy Providers is shedding over 12,000 workers resulting from ability mismatches in AI—a backdrop that underscores the urgency of reskilling throughout the sector.
Lambu reaffirmed the corporate’s concentrate on aligning expertise with future wants: “The subject of wage hikes is evolving. We take our workers alongside in that skilling program, and that may proceed to speed up.”
