<p>Tata Consultancy Services (TCS) has announced salary increases ranging from 4.5% to 7% for most of its employees. Reports suggest that top performers have received raises exceeding 10%.</p><img><p>India’s largest IT services company, Tata Consultancy Services (TCS), has announced salary increases from 4.5% to 7% for most employees, effective from September.</p><p>The company began sending out letters about the raise to employees on Monday evening. No official statement has been released yet.</p><img><p>Over the past two months, various news reports have circulated about the company. Initially, TCS announced a postponement of salary increases due to market conditions.</p><p>Following this, the company announced plans to lay off approximately 12,000 employees, representing 2% of its workforce.</p><img><p>Recent media reports indicate that most eligible employees for this salary increase are in junior and mid-level positions. Top performers have reportedly received raises exceeding 10%.</p><p>It’s worth noting that the company’s attrition rate increased to 13.8% in the June quarter.</p>
