TCS defers wage hike for FY25

• Company added 625 employees in Q4

- URVI MALVANIA

TATA CONSULTANCY SERVICES (TCS) has deferred the announcement of annual wage hikes for FY25 appraisal cycle, citing growing global uncertainties and their impact on client decision-making.

The move comes as macroeconomic concerns, including the spectre of a global trade war, have begun to affect the business environment and delay project decisions and closures across key markets.

"We will take a call on the timing and the quantum of wage hikes in the coming months," Milind Lakkad, chief human resources officer, TCS, said during the company's post-earnings media briefing.