IT
TCS to roll-out wage hikes for about 80% of employees, effective September 1
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India’s largest IT services company Tata Consultancy Services (TCS) on Wednesday informed employees that it will roll-out wage hikes for about 80% of workforce, covering mid to junior levels.
The wage hikes comes at a time when TCS is set to lay off about 12,000 employees this year.
The wage hikes will be effective September 1, TCS CHRO Milind Lakkad and CHRO Designate K Sudeep said in an email to employees on Wednesday.
“We are pleased to announce a compensation revision for all eligible associates in grades upto C3A and equivalent, covering 80% of our…
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