Highlights

  • Wipro slows down new recruitment as client spending drops
  • Wipro had hired about 22,000 new graduates in the year
  • Wipro's sales decelerate and reported less than expected net income in Q2

Latest news

Kamala Harris to Release '107 Days' Memoir This September

Kamala Harris to Release '107 Days' Memoir This September

Firefighting Efforts Intensify in Spain and Portugal Amid Soaring Temperatures

Firefighting Efforts Intensify in Spain and Portugal Amid Soaring Temperatures

Bodoland FC Triumphs Over Karbi Anglong in 134th Durand Cup

Bodoland FC Triumphs Over Karbi Anglong in 134th Durand Cup

Legislative Moves to Honor Trump Stir Debate

Legislative Moves to Honor Trump Stir Debate

Rain Delays Second Session of India's Fifth Test at The Oval

Rain Delays Second Session of India's Fifth Test at The Oval

Thailand, Cambodia Arrange Diplomatic Border Visits After Clashes

Thailand, Cambodia Arrange Diplomatic Border Visits After Clashes

Crisis in Gaza: Trump's Envoy Seeks Ceasefire Amid Rising Death Toll

Crisis in Gaza: Trump's Envoy Seeks Ceasefire Amid Rising Death Toll

Divya Deshmukh Triumphs Over Koneru Humpy in FIDE Women's World Cup

Divya Deshmukh Triumphs Over Koneru Humpy in FIDE Women's World Cup

Tech Hiring 2023: Wipro slows down hiring as tech spending cools and sales dip

As Wipro's sales decelerate and reported less than expected net income in second quarter of the fiscal, the IT giant has decided  to hire fewer engineering graduates

Video Player is loading.
Current Time 0:00
Duration 0:00
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
 
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected

      Wipro Hiring 2023: India's Tech giant Wipro that specialises in outsourcing services, has decided to hire fewer engineering graduates, as clients are cautious of spending, reported Bloomberg. Wipro has decided to onboard the people who have already been offered jobs instead of new recruitment.

      Bloomberg quoted Wipro's Chief Human Officer Saurabh Govil mentioned that the company had hired about 22,000 new graduates in the year through March.

      Decelerating Sales

      Wipro made this announcement amid a decelerating sales and a less than expected net income in the second quarter of the fiscal year.

      Also Read: Tech Jobs: Infosys postpones campus recruitment for this year

      “This year the environment has changed, as you’ve seen across the industry,” said Saurabh Govil, chief human resources officer to Bloomberg.

      Cost Cutting Measures

      It is not just Wipro that has restrained from recruiting. Other IT majors like Infosys, HCL and TCS have also slowed down the hiring in an cost cutting effort. As per Bloomberg, Infosys which hired more than 50,000 graduates in the last fiscal year, has said it’s unlikely to go to colleges for campus placement in the year through March 2024.

      While HCL Technologies is hiring just about 10,000 new graduates, 5,000 fewer than it previously planned and about half of what it hired last year.

      Also Read: Campus Hiring: Engineering students stare at a tough placement season

      India's IT service sector which is one of the largest employers in the South Asian Nation known for hiring thousands of recent college graduates, recruited aggressively during the peak of the Covid pandemic as companies around the world outsourced work to keep their businesses running smoothly.

      However, after the pandemic the boom cooled and clients are facing major inflation and high interest rate trouble. This is forcing them to spend a little on technologies affecting the Indian IT Services Sector that is valued over $245 billion.

      Wipro

      ADVERTISEMENT

      Up Next

      Tech Hiring 2023: Wipro slows down hiring as tech spending cools and sales dip

      Tech Hiring 2023: Wipro slows down hiring as tech spending cools and sales dip

      US sanctions six Indian companies over trade of Iranian petroleum products

      US sanctions six Indian companies over trade of Iranian petroleum products

      'Maybe they'll sell oil to India': Donald Trump announces trade deal with Pakistan

      'Maybe they'll sell oil to India': Donald Trump announces trade deal with Pakistan

      Trump refers to BRICS, ‘tremendous’ trade deficit with India as he announces 25% tariff

      Trump refers to BRICS, ‘tremendous’ trade deficit with India as he announces 25% tariff

      Global stock market indices: How the world markets performed today - 30 July 2025

      Global stock market indices: How the world markets performed today - 30 July 2025

      NSE Nifty 50: Top 5 stock losers of July 30, 2025

      NSE Nifty 50: Top 5 stock losers of July 30, 2025

      ADVERTISEMENT

      editorji-whatsApp

      More videos

      India projected to grow 6.4% in 2025 & 2026, reform momentum driving stable growth: IMF

      India projected to grow 6.4% in 2025 & 2026, reform momentum driving stable growth: IMF

      NSE Nifty 50: Top 5 stock losers of July 29, 2025

      NSE Nifty 50: Top 5 stock losers of July 29, 2025

      Global stock market indices: How the world markets performed today - 28 July 2025

      Global stock market indices: How the world markets performed today - 28 July 2025

      Indian stock market sector-wise performance today - July 28, 2025

      Indian stock market sector-wise performance today - July 28, 2025

      Top 5 Nifty 50 gainers today – July 28, 2025: Biggest stock moves

      Top 5 Nifty 50 gainers today – July 28, 2025: Biggest stock moves

      NSE Nifty 50: Top 5 stock losers of July 28, 2025

      NSE Nifty 50: Top 5 stock losers of July 28, 2025

      India-UK pact boosts MSMEs, exports, jobs

      India-UK pact boosts MSMEs, exports, jobs

      India-UK FTA shields farmers, boosts exports

      India-UK FTA shields farmers, boosts exports

      Global stock market indices: How the world markets performed today - 24 July 2025

      Global stock market indices: How the world markets performed today - 24 July 2025

      India, UK sign CETA: Aiming to double trade by 2030

      India, UK sign CETA: Aiming to double trade by 2030

      Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.