TCS Defers Salary Hikes Due to Global Uncertainty
• Tata Consultancy Services (TCS) is delaying employee salary increases due to global economic uncertainty and US tariff concerns, postponing the hikes to a later date in the fiscal year.
• While salary hikes are on hold, TCS will maintain quarterly variable payouts and plans to hire approximately 42,000 engineers in 2025-26.
• The company also announced two key leadership appointments: Aarthi Subramanian as COO and Mangesh Sathe as chief strategy officer, reflecting a strategic effort to adapt to technological shifts.
Why are they hiring 42000 freshers, when they can incentivise employees by making them experts in new technologies? Why the greed for quantity over quality? Their attrition rate is among the highest, why the administration and management does not find merit in employee retention?
In attrition they get rid of higher CTC experienced people and then they hire freshers giving them peanuts and make them do the same work that experienced people were doing. That's business!
In this process the quality gets screwed... But company saves money. That's what matters to them.. numbers only!
Whatever given is peanut.. this also now
Yea delay in hike, like COVID times 🙄
TCS has consistently provided 100% variable pay to its junior employees over the past few quarters. The company has also announced salary increments ranging from 4.5% to 7% for its employees, with top performers receiving double-digit ra...
TCS is one of the biggest IT companies in India, so I am assuming they pay their employees well. One of my acquaintances was really upset that he got only a 2% hike, which is really very low. Is this an exception, or is this how much hik...