TCS senior employees miss quarterly variable pay as AI revenue rises nearly 20%; juniors get full payouts

Tata Consultancy Services (TCS) has decided to withhold quarterly variable pay for senior employees at C3A grade and above due to missed internal performance targets. Junior staff will receive their full eligible pay.

The move comes as TCS's artificial intelligence (AI) revenue has risen by nearly 20% year-on-year, indicating a shift in the company's focus and potential challenges in meeting internal targets.