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TCS withholds quarterly variable pay for senior staff

Original: quarterly variable pay tcs

Tata Consultancy Services will not pay quarterly variable pay to senior employees for the September quarter, according to an internal memo. The decision affects the company's more senior staff in India, while what it means for other grades remains unclear. It comes as India's largest IT services firm manages costs amid a slow spending environment.

Why now: Employees and industry watchers are closely tracking pay decisions at India's biggest IT employer amid cost-cutting concerns.

Tata Consultancy ServicesTCSIndia

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Evidence

• Why TCS is withholding quarterly bonuses of senior employees · NewsBytes
• India's TCS senior staff will miss out on variable pay for September quarter, memo shows · TradingView

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