Wipro staff recast gets underway
Wipro has started a three year exercise to become a leaner company, initiating its most ambitious reorganisation effort since it started selling computers in 1981 and presaging similar moves in an industry that has been a prolific job-creator. India's third-largest software company employs 1.46 lakh employees and the aim, according to people familiar with the process, is to slim down by about a third without resorting to mass layoffs of the kind that IBM and Microsoft have effected this year. “We are looking to become around 100,000-strong.This is the plan or ambition, but it depends on how effectively we can deploy automation," said one of the sources.
Wipro has started a three year exercise to become a leaner company, initiating its most ambitious reorganisation effort since it started selling computers in 1981 and presaging similar moves in an industry that has been a prolific job-creator. India's third-largest software company employs 1.46 lakh employees and the aim, according to people familiar with the process, is to slim down by about a third without resorting to mass layoffs of the kind that IBM and Microsoft have effected this year. “We are looking to become around 100,000-strong.This is the plan or ambition, but it depends on how effectively we can deploy automation," said one of the sources.
Read the Economic Times news report here.
