TCS rolled out an average salary hike of about 5% in the company’s latest appraisal cycle, with several workers also alleging salary cuts, shrinking variable pay, and changes in compensation structures, sources told Moneycontrol. “Our annual CTC had fallen by ₹1,000-₹10,000 despite receiving appraisal letters," one employee told Moneycontrol. Top performers in A+ band saw hikes between 9 to 13%.