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TCS Q1 Variable Pay Cuts: Mid, Senior Employees Hit Hard
Tata Consultancy Services (TCS) has reduced variable pay for mid and senior employees to 60-70% in Q1, impacting many amid AI investments. Juniors, however, will receive full payouts. This decision comes as TCS navigates shrinking operating margins, highlighting the challenges in the tech industry. The report from Moneycontrol sheds light on the evolving compensation landscape at TCS.
βοΈ AI Verdict
"When it comes to pay cuts, nobody's smiling at TCS!"
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