On August 20, Economic Times reported that the Tata Group company had delayed the variable payout for C3A, C3B, C4, and equivalent grades by a month. These are assistant consultants, associate consultants, and consultant levels employees. According to an internal email accessed by ET, the money due to be paid in July will be paid by August-end. So far, more than 90 per cent of TCS employees have received the variable payout, according to the largest software exporter in India. Another IT major, Infosys, has decided to reduce the average variable payout of employees to 70 per cent due to falling operating margins in the first quarter (Q1) of 2022-23 (FY23), said people in the know on Tuesday.