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TCS Senior Staff Miss Out on Variable Pay

Tata Consultancy Services denied quarterly variable pay to senior staff after missing performance targets. The move affects employees of grade C3A and above while junior staff receive full eligible bonuses.

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FILE PHOTO: A man walks past a logo of Tata Consultancy Services (TCS) before a press conference announcing the company's quarterly results in Mumbai, India, January 11, 2024. REUTERS/Francis Mascarenhas/File Photo

TATA CONSULTANCY SVCS LTD withheld quarterly bonuses for senior staff in India after missing internal performance targets. The rare penalty affects employees in grade C3A and above. Junior personnel will still receive 100% of eligible variable pay.
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