India, July 29 -- Tata Consultancy Services (TCS) has announced that it will fire two per cent of its workforce over the course of FY26. The workforce reduction will impact around 12,000 employees, primarily in middle and senior management. TCS, India's largest IT services firm, is generally considered the bellwether of the Indian IT industry and had even been seen as akin to having a government job in terms of job security.

The recent announcement about layoffs has not only sent shockwaves through the IT industry but also brought its CEO's paycheck into focus.

According to CNBC, TCS CEO K Krithivasan earned Rs.26.52 crore in FY25. This included a base salary of Rs.1.39 crore, Rs.2.12 crore in benefits, perquisites and allowances, and R...