Overview

• Tata Consultancy Services is reported to offer severance ranging from six months to two years’ salary, on top of three months’ notice pay, based on years of service.
• Employees with 10–15 years at the company may receive around 1.5 years’ pay, while those with more than 15 years could get up to two years, according to the Moneycontrol-sourced reports.
• Workers unallocated to projects for more than eight months are being offered only the three-month notice pay under the bench policy described in the reports.
• Early retirement options are being extended to those nearing retirement, with retirement-linked benefits and additional severance aligned to tenure.
• Outplacement assistance and access to counselling under the ‘TCS Cares’ programme are being provided, as the company continues a previously announced ~2% workforce realignment focused on mid- and senior-level roles.