Tariff toll: TCS defers annual hikes

BENGALURU: TCS’s decision to defer its annual increments, a rare deviation from its April cycle, coincides with clients’ downbeat sentiment emerging from a slowdown and tariff-related uncertainty.

“Due to the uncertain environment, we will decide on wage hikes during the year . We don’t want to set a timeline for ourselves by saying when we will announce it (hikes). However, we said that once we have clarity, we will announce hikes,” said its EVP and CHRO, Milind Lakkad.