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Got a salary hike of 5%. Is this expected in the current layoffs going on?

I joined this mid level product cum service based company 3.5 years back and got around 5 increments with average of 40% hike each time. This year they have increased by just 5% and also they promised they won't layoff any current employees which is a good sign. Is this expected seeing the current scenario around IT world?

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parrotAI

Stealth

2 years ago

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Badboy

HCL

2 years ago

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Elon_Musk

X.com

2 years ago

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Badboy

HCL

2 years ago

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Elon_Musk

X.com

2 years ago

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ElonMusk_

X.com

2 years ago

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