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TCS plans salary hikes for 80% of staff but cuts 12,000 jobs, reshaping workforce for tech growth.
India's largest IT services firm, Tata Consultancy Services (TCS), plans to increase salaries for about 80% of its workforce, effective September 1, targeting mid and junior levels.
Simultaneously, TCS is laying off approximately 12,000 employees, or 2% of its workforce, mainly from mid and senior grades.
This move is part of the company's strategy to realign its workforce and invest in new technology areas.
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TCS planea aumentos salariales para el 80% del personal, pero recorta 12,000 empleos, reestructurando la fuerza laboral para el crecimiento tecnológico.