TCS not to lay off all on bench, offers up to 2 years severance pay to long-serving staff: Report

The latest from the ongoing uncertainties with regards to TCS‘ work force management. The Tata Consultancy Services (TCS), is offering severance packages of up to two years’ salary to long-serving employees, as per a report by Moneycontrol. The move comes as the IT major restructured its workforce in response to shifting demand and rising automation. All eyes are on the Q2 announcements on October 9.