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TCS raises pay for 80% of staff while cutting 12,000 jobs

TCS raises pay for 80% of staff while cutting 12,000 jobs

The hike comes after TCS had paused its April salary increment cycle, citing macroeconomic uncertainties and weak demand from major markets. Lakkad had said back then that a decision on this front will be made some time during the year. While announcing the A…

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