TCS delays onboarding freshers, current employees could see variable pay cuts



TCS and other IT companies may delays onboarding freshers and current employees could see variable pay cuts, The layoff season is still ongoing, and it has had a significant impact on individuals working for IT firms. TCS is one of the organizations that has avoided layoffs thus far. It is, however, implementing cost-cutting measures, as suggested by a new report. According to reports, current employees of large IT firms such as TCS may face variable pay cutbacks, as well as a delay in the onboarding of new staff. Here’s all we’ve learned thus far.

According to Sriram Venkat, an HR company associate, the country’s IT IT businesses would disclose some variable compensation cutbacks in Q4 FY23. He asserted that employees in the lower band would not be affected by a wide margin and that it may range between 85 and 100 percent for high-size IT businesses. Those in mid- to upper-level positions will allegedly face layoffs based on business unit performance. It is also predicted that large IT firms will continue to hire at a slower pace in the face of growing inflation and a macroeconomic slowdown.

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