TCS cuts quarterly variable pay for senior staff despite return to office

Tata Consultancy Services (TCS) has reduced quarterly variable pay (QVA) for senior employees for the second consecutive quarter, despite them adhering to the company’s work-from-office policy, according to a report by Moneycontrol, citing sources.

In the July-September 2024 (Q2FY25) quarter, some employees received only 20-40 per cent of their QVA, while others received nothing. In contrast, Q1FY25 payouts were nearly 70 per cent. The October-December 2024 quarter saw further reductions, with some employees receiving just 25 per cent of their expected variable pay.