With talent acquisition core to its work, India's fourth biggest IT company has seen the sharpest hiring course correction amongst peers
Less than 18 months ago, Wipro concluded a good year. Customers in America, heading out of Covid, were investing strongly in tech services, and even not counting the large contribution from Capco, which Wipro had acquired the previous year, the Bengaluru company’s FY22 was toe-to-toe with its larger peers, whom it had lagged for years.
Fast forward to the company’s latest quarterly results, for the three months ended June 30, and the story is slightly different. Revenues decreased sequentially for the second quarter in a row, missing analysts’ estimates even at the lower end of their expectations.