TCS layoffs: IT major to raise pay for 80% of staff while cutting 12,000 jobs

IT bellwether Tata Consultancy Services (TCS) told employees it will raise salaries for 80% of its workforce effective September 1, weeks after announcing layoffs affecting more than 12,000 employees.

The salary revisions, communicated through an internal email by chief human resources officer Milind Lakkad and CHRO designate K Sudeep, will be for employees in grades up to C3A and equivalent, primarily covering junior and mid-level staff.

“We are pleased to announce a compensation revision for all eligible associates in grades up to C3A and equivalent,…