New Delhi, April 17 -- IT giant Tata Consultancy Services (TCS) has brought back its regular salary hike cycle amid a shrink in its workforce in FY26.

TCS, the country's largest software services provider ended the fiscal year with 5,84,519 employees - which is down by 23460 employees, as compared to a year earlier to it. This sharp fall comes amid the 2% reduction in its workforce, equating to nearly 12,000 jobs.

At the same time the IT giant announced an annual salary hike or appraisal for its employees across all grades, effective 1 April, 2026 - marking a return to its regular appraisal cycle following last year's delay - that was pushed back by several months.

Tata Consultancy Services said salary hikes have been implemented acros...