Wipro to lay off hundreds of mid-level employees.
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.
NinjaNinja
Stealth
8 months ago
I am no expert but it could be to improve their margins.
TalkNinja
Student
8 months ago
what else?? all at the same time? why
Market is not doing great. Funding is low. Layoffs are one way of adding to the balance sheet.
TalkNinja
Student
8 months ago
apart from margin?
TalkNinja
Student
8 months ago
yeah but apart from margin?
Increase profitability and return to shareholders by reducing liabilities
They are doing it to improve that bold red/blue line that there is on the left hand side of the page in our school notebooks π
π
π
The global Marco situation isn't great. Overall the global economy is shrinking. Everyone is trying to cut costs and demand isn't coming in a big way. It's all interconnected.
Discover More
Curated from across
Layoffs on
by factsays
Unemployed
Wipro to lay-off middle level (on-site)
They want to improve margins Source - Economic times
Wipro is cutting mid-level roles to improve margins. It bought Capco for $1.45 billion, Delaporte's biggest bet. Job cuts are part of the 'L...
https://m.economictimes.com/tech/information-tech/exclusive-wipro-to-lay-off-hundreds-of-mid-level-employees-to-improve-margins/articleshow/107281960.cms