Bengaluru-based IT major Wipro saw its headcount decline for the third consecutive quarter, ending the June quarter with 7,163 fewer employees than the previous quarter. With this, the company’s headcount stands at 2,49,758. In contrast, during the same period last year, Wipro added 15,446 employees.
At the same time, the company's attrition numbers have continued their downward trend, with the last-twelve-month rate coming in at 17.3 percent in Q1FY24, down from 19.2 percent in the preceding quarter.
It’s quarterly annualised attrition is at an 8-quarter-low of 14 percent.
In the last fiscal, Wipro’s headcount addition in each subsequent quarter fell precipitously — where it added over 15,000 employees in the first quarter, 605 in the second, and saw a decline of 435 and 1823 respectively in the third and fourth quarters. The company previously cited the number of people it added in FY22 and the first quarter of FY23 as one of the reasons for not adding headcount.
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