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Generally till 2019 it used to happen in September.but due to covid it did not happen in 2020.But looking at market conditions and attrition they gave in May 2021.
So not sure what cycle they will choose in 2022.but as per my 9 years experience in IBM I think next cycle will be September 2022.

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March-April

Sept 22 most probably, else your manager can raise an out of the cycle as well, if the conditions as all in place.

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