Wipro’s Workforce Shrinks by 1,157 in Q3, Total Headcount at 232,732
Sequentially, Wipro’s attrition rate increased to 15.3 percent in the last-twelve-month (LTM) basis.
Information technology (IT) services major Wipro’s headcount decreased by 1,157 in the third quarter, reversing two consecutive quarters of employee additions.
The development comes at a time when the Bengaluru-based company is reassessing its lateral and campus hiring models to focus on improving utilization rate of employees amid lowering attrition, to grow margins.
The company had 2,32,732 employees at the end of the quarter, 6,923 fewer the year-ago period.
Sequentially, Wipro’s attrition rate increased to 15.3 percent in the last-twelve-month (LTM) basis. In Q2, the attrition rate was 14.5 percent.
Wipro on boarded over 2,500-3,000 freshers in the second quarter. It onboarded 3,000 freshers in the June quarter.
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