TCS layoffs: IT major to raise pay for 80% of staff while cutting 12,000 jobs

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IT bellwether Tata Consultancy Services (TCS) told employees it will raise salaries for 80% of its workforce effective September 1, weeks after announcing layoffs affecting more than 12,000 employees.

The salary revisions, communicated through an internal email by chief human resources officer Milind Lakkad and CHRO designate K Sudeep, will be for employees in grades up to C3A and equivalent, primarily covering junior and mid-level staff.

“We are pleased to announce a compensation revision for all eligible associates in grades up to C3A and equivalent,…



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TCS layoffs: IT major to raise pay for 80% of staff while cutting 12,000 jobs



IT bellwether Tata Consultancy Services (TCS) told employees it will raise salaries for 80% of its workforce effective September 1, weeks after announcing layoffs affecting more than 12,000 employees.

The salary revisions, communicated through an internal email by chief human resources officer Milind Lakkad and CHRO designate K Sudeep, will be for employees in grades up to C3A and equivalent, primarily covering junior and mid-level staff.

“We are pleased to announce a compensation revision for all eligible associates in grades up to C3A and equivalent,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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