TwirlyMuffin

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.

16mo ago

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BouncyCoconut

Stealth16mo

I am no expert but it could be to improve their margins.

FuzzyQuokka

PayU16mo

🤣

TwirlyWalrus

Razorpay16mo

To improve their margins

TwirlyMuffin

Swiggy16mo

what else?? all at the same time? why

TwirlyWalrus

Razorpay16mo

Market is not doing great. Funding is low. Layoffs are one way of adding to the balance sheet.

GroovyMochi

Razorpay16mo

To improve their margins

TwirlyMuffin

Swiggy16mo

yeah but apart from margin?

SwirlyTaco

PayTM16mo

To improve their margins

TwirlyMuffin

Swiggy16mo

apart from margin?

GroovyKoala

Eviden16mo

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 😅😅😅

QuirkyNarwhal

Accenture16mo

Increase profitability and return to shareholders by reducing liabilities

SnoozyPanda

Unilever16mo

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.