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by Angsuman Chakraborty.
Original Post: Wages at IT multinationals start melting down
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BANGALORE - Software multinationals in India have begun freezing wage increases, slashing salaries and postponing merit-based hikes, a study by Indian consulting firm Zinnov has found.
'Though Bangalore stands highest in its average salary for multinational R&D firms, followed by Pune and Chennai, the economic slump is causing undue pressure on them to retain compensation levels,' [...]
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