The bulk of the previously announced layoffs at IT major Tata Consultancy Services (TCS) has been operationalised by the end of September, and only a few isolated cases remain under evaluation, sources in the know said.

The Tata Group company had in July announced that will trim about 2% of its workforce , or over 12,000 employees, as part of a restructuring exercise to align skills with shifting client demand and rising automation.

Severance breakdown: Up to two years’ pay based on tenure

Severance payouts have been tiered by service length, ranging from six months to two years of salary. All affected employees receive three months’ notice pay, after which the severance ranges from six months to as much as two years of salary.

Those with longer service stand to gain the most: em

See Full Page