Punjab Newsline | New Delhi
India’s largest IT services company, Tata Consultancy Services, has announced that its phase of layoffs has come to an end and the company is returning to its standard increment cycle.
This means employees will no longer face uncertainty or long delays regarding salary hikes, as the company resumes its normal appraisal process. Typically, TCS begins its annual increment cycle on April 1, although it was delayed last year.
According to CEO K. Krithivasan, the decision comes on the back of strong financial performance, improving demand, and growing confidence in the business environment.
In the fourth quarter (Q4), TCS reported a profit of ₹13,718 crore, marking a 12.2% increase compared to the same period last year. The company’s revenue also rose by 9.6% to ₹70,698 crore. Additionally, TCS secured new contracts worth $12 billion, including several mega deals.
These positive developments have helped the company return to its normal growth trajectory and reinforce stability for its workforce.