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Thursday, April 20, 2017
At Annual "performance appraisal", Wipro Fires Over 600 Employees
The country's third largest software services firm Wipro is
learnt to have fired hundreds of employees as part of its annual
According to sources, Wipro has shown the door
to about 600 employees, while speculation was rife that the number could go as
high as 2,000.
At the end of December 2016, the Bengaluru-based
company had over 1.79 lakh employees.
When contacted, Wipro said it undertakes a
"rigorous performance appraisal process" on a regular basis to align
its workforce with business objectives, strategic priorities of the company,
and client requirements.
"The performance appraisal may also lead to
the separation of some employees from the company and these numbers vary from
year to year," it added.
The company, however, did not comment on the
number of employees that have been asked to leave.
Wipro said its comprehensive performance
evaluation process includes mentoring, re-training and upskilling of employees.
The company is scheduled to report its fourth quarter and full-year numbers on
The development comes at a time when Indian IT
companies are facing an uncertain environment given the curbs being proposed on
worker visa norms by various countries like the US, Singapore, Australia and
These companies use temporary work visas to send
employees to work on client sites.
With visa programmes in these countries becoming
more rigorous, Indian IT companies are likely to face challenges in movement of
labour as well as a spike in operational costs.
Indian IT companies get over 60 per cent of
their revenues from the North American market, about 20 per cent from Europe
and the remaining from other economies.
Besides, higher adoption of technologies like
automation and artificial in also reducing the need to have a large number of
employees at client site.