Wipro's Strategic Reorganization Amid Revenue Decline

• Wipro Ltd has restructured its global business lines to better align with client needs, reflecting CEO Srini Pallia's turnaround efforts amid declining revenues and macroeconomic challenges.
• Jo Debecker, head of Wipro’s FullStride cloud services, has departed, marking the 10th top-level change since Pallia took over as CEO in April.
• The company has reorganized its business arms into Technology Services, Business Process Services, Consulting Services, and Engineering, effective from April 1.
• The new structure aims to deliver cloud-enabled, industry-specific solutions, focusing on cybersecurity, data analytics, AI, and enterprise applications.
• Despite the reorganization, Wipro is expected to post a second consecutive year of revenue decline, with macroeconomic challenges continuing to impact the IT industry.

Source: Mint, The Times Of India