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.
I am no expert but it could be to improve their margins.
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To improve their margins
To improve their margins
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 😅😅😅
Increase profitability and return to shareholders by reducing liabilities
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.
Isn't onsite salary in £ $ € paid by the client?
Lack of projects. It's a spiralling effect.
