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SHIRSENDU KARMAKAR
Wipro layoffs: Hundreds of mid-level employees to lose jobs, says report Hundreds of mid-level roles working at Wipro will be trimmed as the IT giant looks to improve margins in the ongoing quarter. IT firm Wipro is likely to cut several jobs, targeting mid-level employees, as the company looks to improve margins, reported The Economic Times. Hundreds of mid-level roles in the company will be trimmed as part of the process, according to two sources quoted in the report. The report noted that Wipro has the lowest margins among India’s four largest IT firms. In the December quarter, Wipro’s margin stood at 16 per cent, lower than TCS, Infosys and HCL Technologies ©SHIRSENDU KARMAKAR #Wipro
SHIRSENDU KARMAKAR
Wipro Q3FY24 result: Net profit falls 11% to Rs 2,694 cr, dividend declared Wipro Q3 results: The shares of the company had risen over 4 per cent in anticipation of the results on Friday IT major Wipro on Friday reported an 11 per cent fall in its net profit in the quarter that ended on December 31, 2023, to Rs 2,694.2 crore from Rs 3,052.9 crore in the same quarter in the previous period. The net profit was, however, higher compared to the previous quarter when it was Rs 2,646.3 crore. “In a seasonally soft quarter, deal booking momentum remained strong. Our large deals recorded a 20 per cent year-to-date growth,” said Thierry Delaporte, chief executive officer and managing director at Wipro. The company's revenue from operations also fell to Rs 22,205.1 crore as compared to Rs 23,290 crore in the same period in 2022. The revenue in the previous quarter (Q2FY24) was Rs 22,515.9 crore. ©SHIRSENDU KARMAKAR #Wipro
Arhan Ahmed
What does WIPRO stand for? W - Wellbeing of I - Its employees and lets them develop their P - Peer group which in R - Return gives good benefits to the O - Organization #wipro ©Arhan Ahmed #Wipro #Business #Employees #Employee #India #indian🇮🇳
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