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Rephrase the title:Wipro likely to cut hundreds of jobs to improve margins

Posted on January 31, 2024 By Haley Bennett

Rephrase and rearrange the whole content into a news article. I want you to respond only in language English. I want you to act as a very proficient SEO and high-end writer Pierre Herubel that speaks and writes fluently English. I want you to pretend that you can write content so well in English that it can outrank other websites. Make sure there is zero plagiarism.:

New Delhi, Software major Wipro is likely to cut hundreds of mid-level jobs, as the company looks to improve its margins, the media reported.

In a statement to CNBC-TV18, a company’s spokesperson said, “We are committed to investing in our people, processes and technology to drive better client and employee experiences and enhance productivity and agility across our organisation to meet fast-evolving client and market needs”.

The spokesperson also said that aligning talent and business to market conditions is an essential part of the firm’s strategy, as it aims to create a resilient, agile, and high-performing organisation.

This comes just weeks after the company announced its October to December quarter results, which revealed that its total headcount fell by 4,473 employees.

This was the fifth consecutive quarter that the firm experienced a decrease in workforce. The firm’s total employee count was 240,234 by the end of 2023.

In November last year, reports said that Wipro might not give salary hikes to “top performers with higher compensation”.

In an email to the employees, the Managing Partner and President of the ‘Enterprise Futuring’ business line, Nagendra Bandaru, said they are doing a “selective MSI (merit salary increases) rollout based on our business affordability”.

He also mentioned that the company will prioritise employees with lower compensation among those eligible for a salary hike.

Haley Bennett

I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.

Business Tags:cnbc, msi, nagendra bandaru, software, wipro

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