The company has seen a decline in the number of employees in eight out of the last nine quarters. Earlier, in the July to September 2024 quarter of the current financial year, the company had seen a net decline of 502 employees.
The attrition rate at Wipro, a gradual reduction in the workforce without termination or layoff, when employees resign or retire and are not replaced, at Wipro increased from 14.5% in the previous quarter to the third highest in the last twelve months. 15.3% in the quarter (LTM) basis.
Among the other top three IT services companies, Infosys and HCLTech saw their headcount grow by 5,591 and 2,134 employees in the third quarter. However, Tata Consultancy Services (TCS) has seen a decline of 5,370 employees during the quarter under review.
Read this also Wipro Q3 results: Q4 revenue growth seen between -1% to 1%
Last quarter, the Bengaluru-based IT services giant had indicated that it is expanding its talent pool by planning to induct 2,500 to 3,000 freshers each quarter, despite cautious projections for sequential revenue growth.
The move will help the company address the backlog of fresher hiring, which was impacted by the COVID-19 pandemic. By the end of Q3FY25, Wipro had said it expects to completely clear this backlog, thereby ensuring a smooth talent acquisition process going forward.
The Wipro board has also declared an interim dividend of ₹6 per share.
Track latest updates on Wipro Q3 results here
first published: January 17, 2025 at 4:01 pm First
(TagstoTranslate)Wipro Hiring