TCS Salary Hike Update: What Employees Need to Know
Anticipation hangs in the air for TCS employees as salary hike decisions face potential delays. The company has attributed the hold-up to ongoing market uncertainties.
Attrition and Financial Performance Add to the Complexity
The IT giant’s attrition rate saw a slight increase to 13.8% during the June quarter, even as the overall workforce size expanded. This, coupled with a modest 6% rise in net profit and a 3% dip in sales (in constant currency), paints a complex picture.
US Tariffs and Deal Momentum
Adding to the challenges are the impacts of US tariffs, which have affected deal momentum and overall business performance.
