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.
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To improve their margins
what else?? all at the same time? why
Market is not doing great. Funding is low. Layoffs are one way of adding to the balance sheet.
To improve their margins
yeah but apart from margin?
To improve their margins
apart from margin?
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.