TCS, Infosys Salary Hikes 2025: After witnessing a boom during the COVID-19 pandemic, the IT sector is now facing headwinds amid global uncertainties. According to reports, India’s largest IT services company tcs is set to roll out lower salary hikes this year between 4 per cent and 8 per cent, while the country’s second largest IT firm infosys will also give increment between 5 per cent and 8 per cent.
Tata Consultancy Services (TCS) will also announce lower quarterly variable pay for the October-December 2024. While junior- and mid-level employees are set to receive full 100 per cent variable pay, the senior employees might see the variable pay between 20 per cent and 40 per cent, according to a Moneycontrol report.
The lower salary hike this year comes even as the company reduced its workforce in the latest December 2024 quarter by 5,370 employees to 607,354 employees. Its attrition rate also increased to 13 per cent in Q3 FY24, compared with 12.3 per cent a year ago.
Tata Consultancy Services (TCS) reported a 5.5 per cent rise year-on-year (YoY) in its net profit to Rs 12,380 crore for the latest Q3 FY25 quarter, beating market estimates. Its revenue during October-December 2024 increased 5.6 per cent to Rs 63,973 crore.