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TCS Cuts Variable Pay For Senior Employees For Third Straight Quarter

TCS has also recently delayed its wage hikes this year, which it typically issues in April every year.

<div class="paragraphs"><p>TCS, India's largest IT services provider, reported a 2.6% sequential growth in revenue at Rs 64,259 crore in the September quarter of the current fiscal (Photo source: NDTV Profit)</p></div>
TCS, India's largest IT services provider, reported a 2.6% sequential growth in revenue at Rs 64,259 crore in the September quarter of the current fiscal (Photo source: NDTV Profit)
Tata Consultancy Services Ltd. has cut variable pay for its senior employees for the third consecutive quarter, according to two persons aware of the matter.The development comes as the IT industry at large has been delaying issuing variable payouts amid no significant margin growth. Variable pay is a performance-linked incentive, paid out on a quarterly basis, depending on the employee and organisation's performance in the specific ...
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