Indian tech giant Tata Consultancy Services(TCS) has recently cut down nearly 1 per cent of its workforce from mid and senior management levels. Amid layoffs, the company has announced a quarterly variable allowance for its employees as it reported a 1.4% year-over-year increase in net profit to Rs 12,075 crore for Q2 FY26, with revenue rising 2.4% to Rs 65,799 crore on Thursday.

TCS announces 100 per cent variable payout to junior employees

Chief HR Officer Sudeep Kunnumal announced that junior employees will receive 100 per cent variable pay, while QVA payout for mid and senior employees is likely to be higher than the year ago, depending on their performance. “I am pleased to share with you that the annual salary hike was rolled out for associates in grades up to C3A and equivalent, e

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