After HCL Infosystems, another IT major, Wipro, has decided to shut down its manufacturing of computers and servers due to changing market scenario and consumer preferences, NDTV Profit reported. Last month, HCL Infosystems said it will phase-off its manufacturing business in the next few years to improve margins and increase organisational efficiency, the report added. Revenues for PC makers have been under pressure for some time now as newer devices like tablets and phablets are finding more takers.
Wipro, which is India's third largest software services player, said on Wednesday that it will re-deploy all the affected employees in the company.
Read the complete report here