Trending @Infosys; Considering layoffs are still happening, is this right time to switch ?

Yes you can switch, if you are in the same company for more than 3 years, you have not been given a hike or promotion that you deserve. The only condition is, do not resign until you have an offer in hand. Do not tell any of your colleagues what you are thinking.

Yes take risk I am doing the same

Yes take risk.