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Weeks after announcing massive layoffs, TCS said it will raise salaries for 80% of its workforce. This and more in today’s ETtech Top 5.
Also in the letter:
■ BharatPe swings to black
■ SoftBank delivers Q1 profit
■ Apple doubles down on US
TCS walks a tightrope: Raises pay while cutting 12,000 jobs
India’s largest IT firm, Tata Consultancy Services (TCS), is attempting to find a delicate balance between employee morale and business transformation.
What’s happening? The company will raise salaries for 80% of its workforce starting…
