Wipro Hiring 2024: It sees a net shortage of 502 employees in the major Q2, the attachment rate increases – CNBC TV18

IT Services Major, Wipro, according to the company’s Q2 results, has reported a net decline of 502 employees in its workforce for the period from July to September 2024.

The latest reduction in Q2 brings up the total employee of Wipro to 233,889, which is below 234,391 at the end of the earlier quarter.

It follows the slight increase in employee number during the quarter ended June 2024, breaking the tendency to decline in six consecutive quarters by March 2024.

However, the company had announced its plan to rent between 10,000 and 12,000 freshers in the first FY 25, including both on-campus and off-campus recruitment initiatives.

In addition, the voluntary attraction rate of Wipro for the quarter increased by 14.5% on the last repeated month (LTM), as compared to 14.1% in the last quarter ending June 2024. In this utterance, the challenges running in employee retention within the company were highlighted. ,

Read: Infosys Hiring 2024: HeadCount Jumps in Sept Quarter by 2,456 employees, for the first time in seven quarters

On the other hand, India’s second largest IT services firm, Infosys reported a net addition of 2,456 employees for the July to September 2024 quarter, as the company’s Q2 income report said. This marks a remarkable change compared to the previous quarter, where the firm experienced a net decline of 1,908 employees.

With this increase, the total headcut of Infosys increased to 317,788, which was above 315,332 at the end of the previous quarter. This is the first time in seven quarters that the company has registered an increase in its total workforce.