Indias TCS senior staff will miss out on variable pay for September quarter, memo shows

By Sai Ishwarbharath BOct 10, BENGALURU - Senior staff at India's Tata Consultancy Services will miss out on quarterly bonuses after the company failed to meet performance targets, according to an internal memo seen by Reuters, the first time in at least two years all variable pay was withheld for some workers."For associates C3A grade and above, there will be no QVA (quarterly variable allowance) this quarter. This decision was taken after careful consideration as our performance for the quarter…