A leading global information technology, consulting, and business process services company, Wipro has delayed the campus hiring and it will not start anytime soon.
Furthermore, the company successfully downsized its bench, reallocating unutilized employees to productive roles, demonstrating effective resource management, and optimizing workforce utilization to enhance overall operational efficiency and productivity.
As reported by Money Control, Saurabh Govil, chief human resources officer (CHRO) of Wipro said, “Campus hiring is a combination of looking at demand, utilisation, and when the hiring is going to happen. We have significantly improved our utilisation this quarter, it’s an all-time high.”
“We are still to finish with all those offers. We have promised and will first ensure all those offers are honoured before we go and hire somebody else. That’s the plan as we move forward”, the report added Saurabh saying.
He further said, “We will induct freshers in this year and I don’t have a number right now. It will depend on demand as the macro environment continues to be uncertain.”
The company reported a net reduction of 6,180 employees the total headcount at the end of March 2024 was 234,054. The company’s headcount was reduced by 24,516 in FY24. The attrition rate at 14.2 percent on the last-twelve-month (LTM) basis.
Wipro has seen a reduction of 4,470 employees in its headcount for the third quarter of the fiscal year 2024. As of the quarter ending on 31 December 2023, the company’s headcount stood at 2,40,234, down from 2,44,707 in the previous quarter (Q2 FY24).
The attrition rate, which stood at 15.5 percent in the previous quarter, stabilized further and reached a 10-quarter low. The Voluntary attrition has continued to moderate QoQ, coming in at a 10-quarter low of 12.3% in Q3’24.
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