TCS layoff effect: Is the company considering freezing hikes, senior level hires?

Layoffs are hard, even for those who aren’t laid off. After Tata Consultancy Services (TCS) announced a major impending layoff set to affect nearly 12,000 employees over the next year, reports have emerged of TCS taking other extreme measures to keep it economically viable over the coming months.

According to sources from The Economic Times and Indian Today, India’s ‘leading IT services firm’ is reportedly considering a freeze on annual salary hikes and a suspension of hiring for experienced professionals globally.