On Thursday, Wipro reported an 11.9% rise in first-quarter profit and assured that hiring would continue for certain areas. Keeping afloat its deal pipeline, this Bengaluru-based company saw net profit rise to 28.70 billion rupees for the quarter ended June 30, Wipro however, in the June quarter saw the drop of employee count by 8,812 while the voluntary attrition rate moderated quarter-on-quarter (QoQ) to an 8-quarter low of 14%.
Wipro’s chief HR Saurabh Govil said, “Hiring is based on the macro environment…the demand. And we will continue to hire in critical areas. We’re seeing a big investment in AI, data, security, engineering. We’ll see continued hiring for these specialised skills as we move forward and calibrate it every quarter depending on the demand”.
It has also been noted that Wipro had not onboarded any freshers in the first quarter of the year.
The company had made waves earlier in 2023 after urging freshers to consider a significantly lower starting salary. Candidates who had initially been offered a salary package of ₹6.5 LPA were asked if they would be willing to join with a salary of ₹3.5 LPA. According to Wipro, 90% of the freshers accepted lower salary options in order to fast-track onboarding.
It has also been indicated by the company’s HR chief last month that the future salary hikes would depend on the employee’s ability to upskill and reskill themselves.
On Wednesday, India’s third-largest software services company announced a $ 1 billion spending plan to train its entire 2.5 lakh employees in artificial intelligence and integrate the technology into its product offerings.
