Tuesday, 02 January 2024 12:17 GMT

TCS Layoffs: Post On CEO, Top Leadership's Salary Sparks Debate Netizens Say 'They Opened A Company, Not A Charity'


(MENAFN- Live Mint) A recent post by Praveen Chakraborty on X (formerly Twitter) has sparked a heated debate, highlighting the stark contrast between the salaries of Tata Consultancy Services (TCS) leadership and the IT giant's average employees.

Chakraborty, a prominent figure in the Indian National Congress (INC), took to X to criticise TCS layoffs this year, which shook the entire IT industry.

What does the post say?

The post quickly gained traction as netizens flooded the comment section with different opinions and solutions.

Chakraborty also mentioned some bare financial figures to show the contrast between the IT major's leadership-level and employee-level salaries .

  • TCS CEO's annual pay: ₹35 crore
  • Top 5 leadership's combined pay: ₹40 crore
  • Average employee's annual pay: ₹15 lakh

His core argument revolves around the provocative solution, which suggests that if the top 100 individuals within TCS leadership were to take a small pay cut, it could potentially save 12,000 jobs.

“Their lives wont be terrible at ₹2.5cr pay vs ₹3cr,” he stated. Additionally, he also emphasised the devastating impact on those laid off:“For 12000 families, lives will be miserable at 0 pay vs ₹15 lacs.”

Also Read | 'It's not AI': TCS CEO explains real reason behind 12,000 job cuts Also Read | TCS layoffs: Nasscom sees tech 'workforce rationalisation', experts warn of AI

The post also touches upon the rise of artificial intelligence (AI), with Chakraborty asserting,“AI is real; mass layoffs need not be.”

Salary comparison: Leadership vs average employee

According to the TCS Integrated annual report of 2024-25, the Chief Executive Officer (CEO) and Managing Director (MD) of TCS, K Krithivasan, gets compensated as much as ₹27 crore on an annual basis.

Also Read | TCS layoffs: IT Ministry in touch with tech company, keeping close watch

NG Subramanium, who serves TCS as the Chief Operating Officer (COO) and Executive Director (ED) gets paid around ₹12 crore per annum.

The details of compensation given to other leadership roles have also been given below:


Details of the Remuneration for the year ended March 31, 2025

Netizens react: Concerns and solutions

Netizens were quick to react, with opinions sharply divided. An X user commented to condemn the TCS layoffs by stating that“They opened a company, not a charity.”


Other comments on the post

However, another X user defended the company's rationale behind the layoffs.“They are cutting jobs because there is an over supply...Not to save money...A CEO gets paid because he has a job...the employee lost the job .. because there is no work to be done,” the user noted.

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