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News on Medial
Amid layoff saga, TCS announces hikes for employees
Livemint
·
1d ago
Medial
Tata Consultancy Services (TCS) announced salary hikes for 80% of its employees amid layoffs and rising attrition. Effective from September 2025, the raises focus on younger employees, aiming to rebuild trust within the workforce. Although the exact quantum of the hikes is unclear, this move provides partial relief to employees concerned about job security. The announcement, made via internal email, adjusts compensation for those in grades up to C3A, covering a significant portion of their staff.
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Related News
TCS wasn't kidding when it ordered staff back to office
Livemint
·
1y ago
Medial
Tata Consultancy Services (TCS) is reportedly using office attendance as a metric to determine salary hikes for employees. TCS assessed attendance along with other factors before rolling out annual wage hikes to over 600,000 employees. Employees who showed up at the office less frequently received lower pay hikes compared to those who regularly attended. TCS has been encouraging employees to return to the office for over 15 months, citing the importance of understanding company culture and working from secure workstations. The use of office check-in as a metric for pay hikes is believed to be the first of its kind.
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Wage hikes a priority for TCS; focus on growth with profitability: CFO - The Economic Times
Economic Times
·
26d ago
Medial
TCS is prioritizing deferred wage hikes for its 600,000 employees amid macroeconomic challenges affecting growth and margins. CFO Samir Seksaria focuses on growth with profitability, aiming to boost operating profit margins to 26-28%. While navigating demand uncertainties, TCS is optimizing controllable factors like utilization and retention of top talent. Attrition rates are a concern, and realignment of investments is planned. The company remains open to strategic acquisitions that enhance capabilities.
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TCS to freeze senior hiring, pause annual salary hikes - The Economic Times
Economic Times
·
10d ago
Medial
Tata Consultancy Services (TCS) is implementing a hiring freeze for experienced employees and pausing annual salary hikes globally amid industry challenges like slowing demand and AI-related job threats. The company is also phasing out benched staff across Indian locations, conforming to a policy requiring such employees to secure projects within 35 days or exit. This move, impacting 2% of TCS's workforce, aligns with a broader IT sector shift towards tighter cost management and AI readiness.
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HR firms log an uptick in TCS staffers hunting for job - The Economic Times
Economic Times
·
10d ago
Medial
Tata Consultancy Services (TCS) announced a layoff of 2% of its workforce, over 12,000 employees, primarily impacting middle and senior levels by fiscal 2026. This announcement has led to an increase in job search queries from TCS employees, according to executive search firms like Transearch, CIEL HR, and Michael Page. Many expect more job cuts than those announced. Opportunities may be found in IT services, global capability centers, and startups, especially for those with expertise in emerging technologies.
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TCS, Infosys, Wipro's hiring: Top IT firms hire 13,500 in FY25; Infosys leads on wage hikes
Business Today
·
3m ago
Medial
TCS, Infosys, and Wipro have employed a combined total of 13,553 employees for FY25, with Infosys leading in wage hikes starting January. TCS and Wipro are deferring their wage increase announcements. For FY26, Infosys aims to hire over 20,000 freshers, while TCS plans a similar or slightly increased intake compared to FY25's 42,000 recruits. Wipro is expected to maintain its hiring pace, although specific targets are not confirmed.
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Deloitte UK plans to layoff more than 3% of its positions as demand slows
Livemint
·
1y ago
Medial
Deloitte plans to layoff more than 800 positions in the UK, equivalent to about 3% of its workforce of 27,000 in the country, in response to a slowdown in demand and an easing in the pace of workers choosing to leave Deloitte, one of the Big Four accounting firms, is reportedly planning targeted restructuring that may lead to job cuts. This comes amid economic uncertainty and a decrease in open roles. Ernst & Young recently announced layoffs in its UK financial services consulting division, while PricewaterhouseCoopers has reduced pay hikes and bonuses for some UK employees.
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Karnataka IT/ITeS Employees Union seeks action against TCS over job cuts - The Economic Times
Economic Times
·
9d ago
Medial
Karnataka's IT/ITeS Employees Union (KITU) has filed an industrial dispute against Tata Consultancy Services (TCS) for allegedly forcing resignations and initiating mass layoffs, affecting over 12,000 employees. The union accuses TCS of violating the Industrial Disputes Act by not seeking government approval for the job cuts. TCS cites skill mismatches as the reason for layoffs amid macro uncertainties. The central government is examining the issue, seeking justice for affected employees.
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Infosys to roll out wage hikes to employees from November 1
Money Control
·
1y ago
Medial
Infosys, India's second-largest IT company, has announced that it will be implementing wage hikes for its employees from November 1. The company usually provided hikes in April for non-senior management and in July for senior management, but the timing has been delayed this year. Meanwhile, other IT majors such as Tata Consultancy Services and Wipro have already rolled out wage hikes or have plans to do so. Infosys' decision comes amid a decline in headcount and an ongoing effort to increase utilisation.
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TCS slashes senior employees' variable pay for third straight quarter: Report
Economic Times
·
3m ago
Medial
Tata Consultancy Services (TCS) has cut senior employees' variable pay for three consecutive quarters, initially linking it to office attendance. Despite compliance with the work-from-office mandate, reduced payments continued. TCS also deferred annual salary increments amid global economic uncertainties. The company's employee count reached 607,979 with a slight attrition increase to 13.3%. TCS reported a revenue rise of 0.8% for the March quarter, totaling $30.18 billion for fiscal year 2025, growing 3.8% year-on-year.
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Disney Announces 2025 Layoffs: Hundreds in Film, TV & Finance Hit in Cost-Cutting Drive
StartupTalky
·
2m ago
Medial
Disney is set to lay off hundreds of employees in its film, TV, and finance sectors as part of a cost-cutting measure planned for 2025. The layoffs will impact casting, development, TV publicity, and marketing teams worldwide, with a focus on Los Angeles-based TV employees. This is the fourth and largest layoff round within a year. Despite cost-cutting, Disney enjoyed a 7% revenue increase in early 2025, mainly due to Disney+ growth.
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