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Why has Wipro's Rishad Premji taken a 50 per cent pay cut
Rishad Premji voluntarily reduced his salary by 50 per cent for the fiscal year which ended in March 2023 in the wake of the company's poor net performance. He earned Rs 7.87 crore in total annual income, about 50 per cent ($867,669 or Rs 7.18 crore) less than he did the year before
Indian IT sector to reduce college hiring by 40%, will prioritise last year’s offers first
The Indian IT sector is in a very bad shape, because of which the industry had to lay off employees in the thousands. This year, the Indian IT sector will be cutting down hiring through colleges placements by at least 40%. Industry giants will be prioritising placing recruits hired last year.
'It's unjust': The uproar over Wipro's 50% salary cut to freshers
Wipro, the IT company headquartered in Bengaluru, reached out to freshers to whom it had earlier rolled out an offer of Rs 6.5 lakh per annum, and asked them if an offer of Rs 3.5 would be acceptable
From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January
While all firms may not be on Layoffs.fyi list, here is a look at the major job cuts in IT, IT services and other sectors in January 2023
TCS announces massive salary hike after increasing 8% net profit in previous quarter, details here
TCS’ average attrition rate is currently 19.7 percent, down from 21.5 percent recorded in the previous year. TCS recruited 20,000 new employees in the July-September quarter
Wipro releases 5-year salary plans for campus recruits; details here
To make sure the new employees are aware of what to expect, Wipro has released a five-year plan for freshers that includes information about their pay scale, annual raises, and incentives
How encroachments by Wipro, society housing super-rich are responsible for Bengaluru floods
On the list of encroachers who blocked drains leading to floods in Bengaluru are IT giant Wipro, Prestige, and plush Epsilon, the society which is home to business tycoons like Rishad Premji. Will action be taken against them?
Infosys bans moonlighting, Wipro head calls it ‘cheating’: What’s this practice on the rise in the tech industry?
Infosys has sent out an email to its employees warning them against moonlighting, saying it could lead to termination. The practice of taking up a second job during or outside of regular office hours is on the rise in the tech industry, especially with work from home
Wipro net profit rises to Rs 3,092 crore in Quarter 4
Wipro's consolidated revenue from operations during the reported quarter grew about 28 per cent to Rs 20,860 crore
IT companies set to slash 3 million jobs by 2022 due to automation, says Bank of America report
Based on average employee costs of $25,000 per annum for India-based resources and $50,000 for US resources, the move will release around $100 billion in salaries and associated expenses
IT major Wipro's profit for March 2021 quarter jumps 27.7% to Rs 2,972 crore
The company's revenue from operations rose by 3.4 percent to Rs 16,245.4 crore in the reported quarter from Rs 15,711 crore in the same period last fiscal
Sensex reclaims 50,000-benchmark amid hectic buying in IT, auto, FMCG sectors; Nifty ends in green
The top five gainers were Tata Motors, M&M, Wipro, Adani Ports and NTPC, while the top losers were ONGC, HDFC, Dr Reddy’s Labs, Coal India and Power Grid Corp
Wipro net profit up 20.8 percent to Rs 2,968 crore for December 2020 quarter
The company, which gets a bulk of its topline from IT services, said it expects revenues from that business to be in the range of $2,102 million to $2,143 million in the March 2021 quarter
Former Capgemini COO Thierry Delaporte becomes first non-Indian CEO of Wipro, says ‘excited to be in charge’
Thierry Delaporte added that as the world emerges from the COVID-19 crisis, he is confident Wipro will continue to be the 'trusted technology services partner for its customers.'
Wipro shares jump nearly 7%c on Thierry Delaporte's appointment as CEO, MD; market valuation rises to Rs 1.21 lakh cr
In January this year, Wipro had said its CEO and Managing Director Abidali Z Neemuchwala decided to step down from the position.
Wipro shares gain nearly 4% on Thierry Delaporte’s appointment as CEO, MD of company
Shares of Wipro on Friday jumped nearly 4 percent after the company announced the appointment of Capgemini Group veteran Thierry Delaporte as its Chief Executive Officer and Managing Director, effective 6 July, 2020
Wipro names former Capgemini COO Thierry Delaporte as new CEO; Neemuchwala to leave on 1 June
Thierry Delaporte, who will replace Abidali Neemuchwala, was most recently the chief operating officer of Capgemini Group.
Stock markets end day's session in green: Sensex up over 500 points, Nifty nears 9,500; Zee, Eicher Motors top gainers
Sensex hit a high of 32,267.23 points during the day ahead of the expiry of May derivatives contracts. It finally ended 595.37 points or 1.88 percent higher at 32,200.59.
Markets end strong after subdued sessions: Sensex rallies over 990 points, Nifty surges to 9,315; Axis Bank top gainer, soars over 13%
Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues.
Wipro launches global channel partner programme for innovative products, platforms; move to provide new growth opportunities
Several Wipro products have helped clients meet their requirements for remote working, business continuity, security, and seamless supply chain and worker safety among others