Originally Posted by Unregistered

Maybe, their strategy for the start of this financial year was to cut hiring budget for fresh grads. Take the nucleus batch of FY 21/22 and FY 22/23(current batch) for example. Nucleus starting salary measured by annual compensation for FY 21/22 is 72280 for average performer while FY 22/23 is 66720 for average performer.

With the recent slowdown in tech sector, there might be possibility of them cutting their hiring budget even further.