Wipro layoffs

Wipro lays off 452 fresher's for poor performance..Global rececssion is coming.

Roughly 2.5% of the workforce. Are there any details on teams and geographies impacted?

Wipro laying off hundreds of mid level position to fight margins. https://officepulse.live/wipro-layoffs https://economictimes.indiatimes.com/tech/information-tech/exclusive-wipro-to-lay-off-hundreds-of-mid-level-employees-to-improve-margins/articleshow/107281960.cms

@Wipro @WiproCareers @WiproHealth , why pay new joinees 3x higher while underpaying loyal employees? Each year, increments are on hold without reason, and no arrears are given. This unfair treatment needs to stop! #UnfairWipro #EmployeeRights #EqualPay #RespectLoyalty Wipro

Context: Worked at a boutique consulting firm this summer and loved it, especially my team and my manager who was very empathetic and caring. Received a PPO. Problem: Given family financial circumstances (primarily) I had to think beyond my interests and hence sat for placements and received a placement from a much bigger consulting company. I now feel super guilty and do not know what to do. I eventually want to come back to the boutique firm as it specialises in a niche I care about (once family issues sorted). Question: Is it wise to be fully upfront, first tell my side of the story to my manager asap and reject PPO politely? If not, what is a good way to do it? TL:DR - How to reject a PPO after accepting it? Any honest opinion and advice would be highly appreciated. I understand I have put myself in this complicated situation.

Wipro to fire hundreds of mid-level employees to improve profit margins.

Wipro is in the process of cutting hundreds of mid-level roles onsite as it attempts to improve its margin. Folks what's the reason for layoffs across the world please share your insights.

Housing.com (REA India) ranked 3rd in the GPTW survey this year. They provide several awesome perks like, laying off without any notice, fucking their reviews just so that they could justify the lay offs, and threatening actions if anything came out on social media. 10-15% of the whole tech team was laid off (mostly freshers) apparently on the basis of low performance. It was all carried out by the higher management, not even the managers had any clue about the lay off happening. The performance rating was rigged by the higher management who had no interaction with the tech people. They had this awesome idea of getting reviewed by people who we had never interacted with. Managers were merely bystanders who had no say in the performance review whatsoever. PS: A note for the management --> Housing.com would be an employee friendly company only if you guys would give two fucks about employees, instead of Caring so much about the GPTW ranking like conducting hands on sessions and literally forcing people to put in good rating.