TCS hands out mid single-digit salary hikes after biggest-ever layoffs
Tata Consultancy Services Ltd. has rolled out its lowest salary hike in four years after its biggest round of layoffs a couple of months ago.
The increment ranges from 4.5-7% for a majority of TCS employees, the Press Trust of India reported on Tuesday, citing sources. That compares with 10.5% in FY22, 6-9% in FY23, 7-9% in FY24. About 80% employees in grades up to C3A—including freshers and junior to mid-level staff—would receive the hikes effective 1 September, according to the Economic Times. The senior-level staff—about 20% of the workforce—were excluded from the salary hike.
