Friday, 24 March, 2023

Covid-19 Impact: TCS top executives take a pay cut

<p>Following the economic downfall, TCS&rsquo;s top executives decide to take salary cuts ranging from 13% to 16% for FY 20. While CEO Rajesh Gopinathan and COO N Ganapathy Subramaniam took remuneration of Rs 13.8 cr &amp; Rs 10.12 cr respectively, Chairman N Chandrasekaran refrained from getting commission and was left only with Rs 4.2 L. The firm, however, gave 7.7% hike to the non-managerial staff and 2%-6% hike to employees outside India.</p>