Tcs Defers Hike

Today upto c3b bands were available in Speed app, but later on came to know that Tcs has deferred the Salary Hike which was suppose to happen from April, also from last few quaters there is a significant cut in variable pay.

What's your take on this??

https://m.economictimes.com/tech/newsletters/tech-top-5/tcs-defers-wage-hikes-google-layoffs/articleshow/120209009.cms