Slowdown bites top IT brass: Face cut in variable pay while junior staffers receive 100%

It’s not only Tata Consultancy Services, but other top IT services firms have also cut the variable pay of senior employees due after the September quarter as the sector continues to face headwinds on account of muted client budgets, industry sources said.

However, at junior to mid-levels, most employees have got up to 100% variable pay depending on office attendance and performance, sources added.