Skip to content
TechVibe

TechVibe

  • Home
  • Web3
  • Technology
  • Health
  • Business
  • Sports
    • Cricket
    • Football
  • Press Release
  • Contact Us
  • Toggle search form

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

Post navigation

Previous Post: Rephrase the title:Noise Airwave Neckband Goes Official In India With ENC Technology And 50-Hour Playtime; Price, Specifications
Next Post: Rephrase the title:Where to watch Liverpool vs Chelsea live stream, TV channel, lineups, prediction for Premier League game

Related Posts

Rephrase the title:transforming your health inside out Business
Rephrase the title:Tata Motors to commence EV production at Sanand plant from April Business
Rephrase the title:Maratha reservation activists celebrate after Maha govt accepts their demands Business
Mountain villages in Pakistan are at risk due to the melting glaciers Business
Rephrase the title:Imtiaz Qureshi , the chef who put nawabi Lucknow’s Dum Pukht on the map, passes away Business
Rising pollution forces closure of primary schools in Gurugram and Faridabad. Business

Recent Posts

  • Robin Open Social-Fi: Revolutionizes Gaming with Innovative Integration and Global Partnerships
  • $GUMMY Set to Launch New Meta On Staking on Solana
  • BinoStake.io: Transforming Crypto Investments On BNB Chain with Liquid Staking Solutions
  • Mocaverse to Develop Decentralized Social Layer
  • Expansion of Web3 Fueled by Hong Kong’s Financial Secretary

Categories

  • Business
  • Cricket
  • Football
  • Health
  • Press Release
  • Technology
  • Web3

About Us

Welcome to TechVibe9, where the rhythm of technology meets innovation! We are a group of tech enthusiasts on a mission to uncover and showcase the latest in the tech world.

Mail Us : support@techvibe9.com

Latest Post

  • Robin Open Social-Fi: Revolutionizes Gaming with Innovative Integration and Global Partnerships
  • $GUMMY Set to Launch New Meta On Staking on Solana
  • BinoStake.io: Transforming Crypto Investments On BNB Chain with Liquid Staking Solutions

Helpful Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

Copyright © TechVibe9

Powered by PressBook Masonry Dark