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Yes they do, you have to contact the HR or consultant who got you interviewed and eventually upload the offer letter in their portal… they will evaluate the same and share revised offer with you on the same portal in a few days / weeks
They usually take multiple weeks to come up with a counter offer so I’m not sure if waiting till last few weeks I s a good idea..Also they might figure out your plan as well when they see the date on the offer letter. But then again if you inform them right away they might just search for another candidate as well …. So it’s a catch 22 situation!