India, Sept. 2 -- Tata Consultancy Services Ltd. has rolled out its lowest salary hike in four years after its biggest round of layoffs a couple of months ago.
The increment ranges from 4.5%-7% for a majority of TCS employees, the Press Trust of India reported on Tuesday, citing sources. That compares with 10.5% in FY22, 6-9% in FY23, 7-9% in FY24. About 80% employees in grades up to C3A-including freshers and junior to mid-level staff-would receive the hikes effective 1 September, according to the Economic Times. The senior-level staff-about 20% of the workforce-were excluded from the salary hike.
The increment was due in April. Three months later, TCS effected layoffs.
In July 2025, TCS announced its biggest ever downsizing to lay of...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.