TCS wage bill grows 6% after 23,000 job cuts and Rs 1,388 crore restructuring costs

moneycontrol.com

TCS's wage bill increased by 6% in FY26 despite cutting over 23,000 jobs, incurring Rs 1,388 crore in restructuring costs. The IT giant's employee expenses rose by approximately Rs 10,000 crore to around Rs 1.5 lakh crore. Most of the Rs 1,388 crore restructuring provision was utilized in FY26. This restructuring reflects a broader industry shift towards AI and automation, with TCS investing in an AI-first culture and workforce transformation.


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TCS wage bill grows 6% after 23,000 job cuts and Rs 1,388 crore restructuring costs | News Minimalist