TCS Wage Hike: The salary of about 80% of the employees of Tata Consultancy Services (TCS), the country’s largest company providing IT services, is going to increase. Employees from mid to junior level will benefit from this.
The company informed the employees about this on Wednesday. TCS has taken the decision to increase the salary of the employees at a time when it is going to lay off about 12 thousand of its employees this year, that is, about 12 thousand employees are going to lose their jobs. The increase in salary will be effective from September 1. The company’s CHRO Milind Lakkad and the next CHRO Sudeep told these things to the employees in a mail on Wednesday.
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How much will the salary increase?
According to the report of news agency PTI, the company announced in the mail that the salary of all eligible associates up to C3A and equivalent grade is being increased. About 80% of the employees will be included in this and the new salary will be effective from September 1, 2025. However, it is not yet known how much the salary of the employees will increase
TCS Layoff: Announcement of salary hike amid layoffs
TCS has announced a salary hike for about 80% of its employees at a time when it has decided to lay off more than 12,000 employees. This announcement of layoffs shook the IT industry. However, the company says that it is preparing itself for the coming era of AI. Announcing the layoffs, the company said that in this phase of change, about 2% of the employees will be affected, which will mainly affect middle and senior grade employees. This decision of TCS has sparked a debate whether the IT industry is going to be shaken on a large scale due to global uncertainty, US tariffs and the rise of AI?
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