In India's IT companies, the continuation of the removal of employees and reduction in salaries is continuing. Salary cuts have been done not only at the junior level but also at top level of companies. The big people who received low salary packages included Infosys CEO Vishal Sikka, Wipro's Azim Premji and IDEA's Kumar Mangalam Birla.

Their salaries have been seen cut in the financial year 2017. For poor payroll payments, the IT sector has been blamed for the turmoil and poor performance of the company.

In the compilation of Infosys CEO Vishal Sikka and Chairman of Wipro Azeem Premji, FY17 has cut more than 60 percent. This is due to global recession, stringent immigration and changes in automation in IT sector.

According to a recent report, the salary of Sikka reduced by 67 percent. This is because of the low bonus available. According to the annual report of Infosys, cash component of Sikka's salary in the financial year 2016-17 was Rs 16.01 crores, which is less than Rs 48.73 crores in the previous financial year (2015-16).

Similarly, Wipro Chairman Azim Premji's salary has been cut by 63 percent. 63 percent of the last financial year has been deducted in their salary compulsions. According to information given by the company to the US Securities and Exchange Commission, Premji received a $ 108,026 (about Rs 71.4 lakh) in the financial year 2016-17 as compared to $ 292,991 (Rs 1.93 crore) last year were met.

Similarly, the salaries of Kumar Mangalam Birla, Chairman of IDEA Cellular, owned by Aditya Birla Group, has declined manifold. Telecom operator IDEA recently told that it had to lose for the first time after becoming a listed company in the market. IDEA chairman Birla's salary was Rs 13.15 crores in FY16, but in the next financial year it has fallen several times to Rs 3.30 lakh. Aditya Birla Group has not given any commission to its chairman and other executives.

Explain that the IT sector is currently undergoing a global recession. Seeing this, there are reports of layoffs too long. Companies say that they are doing this to reduce their costs. Infosys, India's second largest company, had also cut off its senior and mid-level employees.

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