business π TCS cuts pay for mid/senior staff, juniors get full payout
TCS reduced quarterly variable payouts for mid and senior employees for the April-June quarter. This change affects employees at the massive IT services company in India. Mid and senior staff received 60-70% of eligible pay in Q1FY27, while junior staff kept 100%. The move addresses margin pressures alongside investments in AI capabilities. TCS will continue linking payouts to office attendance under its five-day work-from-office policy.