Summary:

- Tata Consultancy Services (TCS), one of India's largest IT services companies, has reduced the variable pay of its senior employees, even those who have been working from the office.
- The variable pay cut is part of the company's efforts to manage costs amid the global economic slowdown and rising inflation.
- The move is expected to impact the take-home pay of TCS's senior employees, who are typically entitled to a higher variable component in their compensation structure.