TCS recently announced that it has frozen lateral hiring and paused annual raises. Dive into this news story for everything you need to know.
TCS’ latest announcement
Tata Consultancy Services (TCS), India's largest IT services company, has imposed a global block on lateral hiring for senior posts as well as a stop on yearly wage increases. This follows the company's decision to lay off 12,000 people, or around 2% of its workforce.
Drivers Behind These Changes
Several strategic and economic factors have influenced TCS's latest decisions: