“TCS CEO’s ₹26 Cr Paycheck Triggers Firestorm as 12K Lose Jobs! 😱”
- MediaFx
- Jul 30
- 2 min read
TL;DR Tata Consultancy Services is slashing around 12,000 jobs (~2% of workforce) in FY 26, mostly mid‑to‑senior staff, while its CEO K. Krithivasan earned ₹26.52 crore in FY 25. The outrage on social media over pay disparity is sparking debate on corporate justice and leadership responsibility. 🧑💼💸 #TCS #Layoffs #CEOpay
🔥 Details that Matter
Layoffs announced: TCS will lay off 12,000 employees (≈2% of its 613,000+ workforce), primarily at the middle and senior management levels, citing skill mismatches and deployment issues, not pure cost‑cutting 🔧
CEO pay in spotlight: K. Krithivasan earned ₹26.52 crore in FY 25 — with ₹1.39 crore base, ₹2.12 crore in allowances, and ₹23 crore commission. That’s nearly 330 times the median TCS employee salary (~₹15 lakh/yr) and even less than other IT CEOS who earn up to ₹84 crore 🧾
Stock market reacts: After the layoffs were announced, TCS lost over ₹28,149 crore in market cap within just two days, with shares dropping nearly 2% ⚠️
Cost‑cutting moves: TCS has paused salary hikes and frozen senior hiring globally as part of austerity measures, prompting pushback from employee groups 📉
Industry trend insight: Competing firm Infosys is taking a different path — no layoffs, aiming to hire ~20,000 graduates in FY 26 and training ~275,000 staff in AI and other digital skills instead 🍃
🗣 Voices & Reactions
Social media is buzzing:
“Their lives won’t be terrible at ₹2.5 cr vs ₹3 cr. For 12K families, lives will be miserable at 0 pay vs ₹15 lacs”“A CEO makes ₹26 crore yearly — what about 12,000 lives destroyed?”One X user fired back: “They opened a company, not a charity. They are cutting jobs because there is oversupply, not to save money.”
Former Tech Mahindra CEO CP Gurnani quoted Sholay: "Kitney aadmi the?... Thank God that period will be over." He urged the industry to move away from pyramid‑style delivery toward outcome‑based models, focusing on innovation and more efficient skillsets 📌
👥 From People’s Perspective
Income inequality on display: When workers lose their livelihoods, and the top boss pocketed ₹26 crore, trust fractures.
Workforce pain ignored: Management’s pivot to automation and AI reshapes delivery, but the human cost feels invisible.
Moral call: Could small percentage pay cuts by leadership prevent layoffs? Many argue yes.
Alternative model shines: Infosys’ reskilling‑instead‑of‑firing approach shows a more humane pathway forward.
🧭 MediaFx Opinion from People’s Side
This episode underlines the working-class disconnect in corporate India — profits surge, markets react, yet ordinary lives crumble. Leadership making crores in commission while sweeping away jobs sends a clear message: human lives are still expendable. True transformation demands empathy and shared burden, not top-heavy salaries when bottom-line lives are at stake. Real reform means investing in people — not just AI upgrades.
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