Headcount in Indian IT companies continue to decline.

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

Solution Architect

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

Wipro is in the process of cutting hundreds of mid-level roles onsite as it attempts to improve its margin.

Wipro to lay off hundreds of mid-level employees.

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

Even Wipro is laying off

Software Architect

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 'Left-Shift' strategy. Wipro underperforms and faces conflicting goals.

Exclusive: Wipro to lay off hundreds of mid-level employees to improve margins

Wipro to lay-off middle level (on-site)

DevOps Engineer

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.

Is Wipro planning for Massiv Layoff?

Business Development Manager

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

Wipro Layoffs!!

Project Coordinator

Wipro layoffs 

https://www-businesstoday-in.cdn.ampproject.org/v/s/www.businesstoday.in/amp/technology/news/story/cost-optimisation-at-wipro-hundreds-of-mid-level-jobs-slated-for-elimination-says-report-415528-2024-01-31?amp_gsa=1&amp_js_v=a9&usqp=mq331AQGsAEggAID#amp_tf=From%20%251%24s&aoh=17066948529697&csi=0&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Fwww.businesstoday.in%2Ftechnology%2Fnews%2Fstory%2Fcost-optimisation-at-wipro-hundreds-of-mid-level-jobs-slated-for-elimination-says-report-415528-2024-01-31

I worked in one of the WITCH company. Most of the middle Managers are just email routers and no real depth in expertise or hands on with technical. What do you think? How would this year pan out?

End of the road for IT middle Managers?

Senior Data Engineer

Wipro slashes salary offer for people waiting to onboard?

Investor

Wipro fired 450 freshers on performance grounds, which is strange

1. Fresher annual Salary in India for Wipro is USD 4500 per year. Laying off 450 has no material impact

2. Freshers are anyway paid low -- as their first year is considered as investment by a company with clawback on training costs. Their performance is automatically considered as average, irrespective...

So firing freshers on performance grounds does not make any sense, except to send a message to middle management to shape up and to pay lip service to shareholders.

What do you guys think?

Wipro layoffs

Founder

As expected, with below par FY23 results , Accenture India have announced no base pay increase this year and considerably low bonus at all levels. 
High accumulation of top levels, high stakes acquisitions last year and some failed decisions are leading to this state where employees are getting financially impacted. While rest of the IT companies in India are seeing inclined growth, and sharing good increments this year (Wipro etc) , Accenture has decided to compromise on employee attrition.

No Base Pay Increase

Consultant

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

Accenture to Layoff 19k employees

Senior Manager

Welcome to IT Company Discussion's Private Community

IT Boom again?

Business Analyst

Welcome to Office Gossip's Private Community

90 days notice period required, non-compete agreements get signed but when they want to layoff..woosh! Pack your bag and F*** Off!

Wirpo joins the lay offs bandwagon.

Chartered Accountant

https://www.moneycontrol.com/news/business/cognizant-says-revenue-will-decline-in-2023-to-lay-off-3500-employees-10523261.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Cognizant to layoff 3500 Employees

Read this news on X that Wipro is laying off senior level staff with high packages. 
In IT if you are at a role of delivery manager with 15-16 years of experience and 40-50 lacs package. 
Finding a new job is very very difficult. In my previous company a Director was fired and he was not able to find a job and ultimately had to retire. Lucky for him he went to onsite and had good savings. 
But now there are not many onsite opportunities and savings rates are low. If this happens with Millennials don't know what they will do.

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