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flag TCS plans salary hikes for 80% of staff but cuts 12,000 jobs, reshaping workforce for tech growth.

flag 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. flag Simultaneously, TCS is laying off approximately 12,000 employees, or 2% of its workforce, mainly from mid and senior grades. flag This move is part of the company's strategy to realign its workforce and invest in new technology areas.

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