BackWipro may cut up to 1.5% staff by June
Wipro may cut up to 1.5% staff by June
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Mumbai: Several information technology firms are firing people citing non-performance, and Wipro Ltd may be the latest one to join the list.
Around 300 people have been asked to leave since April. An additional 50 were fired two months ago from departments such as human resources and administration. “The employees were given a month’s notice and were told that their retrenchment was due to non-performance," said a Wipro employee, requesting anonymity.
Last year, 1,000 so-called underperformers were fired. People familiar with the development said that after an appraisal cycle in June, the number this year is likely to touch as high as 1,500, or 1.54 % of its headcount of about 97,000.
“The information is speculative. We have not completed the appraisal process yet," a Wipro spokesperson said.
cnbctv18@livemint.com
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