BusinessTCS Withholds Quarterly Bonuses for Senior Staff After Missing Targets
Tata Consultancy Services (TCS) has decided to withhold quarterly bonuses for senior staff at C3A grade and above after failing to meet performance targets, according to an internal memo. This is the first time in at least two years that all variable pay has been withheld for some employees. Junior-level staff will still receive full bonuses. The move follows TCS's weakest September-quarter revenue growth in three years.
Business Standard·



