IT giant Wipro has deferred annual increments and scheduled promotions for the month of June for most of its employees and postponed campus hiring amid the coronavirus pandemic.
Abidali Neemuchwala, CEO, Wipro said, “There has to be a trade-off, which will be in hiring, salary increases, and sub-contracting costs.”
Saurabh Govil President and CHRO, Wipro said “It is certainly not happening in the first quarter. We will take a call based on how the business moves and are not in a position to give guidance,”
He said, Wipro will honour all job offers given to college students during the campus placement this year, but the joining dates would be deferred and would be decided later.
According to Media Reports, In the last financial year, Wipro had added about 12,000 freshers to its workforce and had planned to add about the same number in this fiscal too. However, that plan is reportedly being put on hold. Govil said that Company will take a call about the hiring numbers in September when it starts to visit campuses again for placements.
The company goes slow on onboarding in Q4 FY20 as well, resulting in a decline in its headcount by 4,500. The total number of employees in Q4 FY20 stood at 182,886 as opposed to 187,318 for the quarter ended December.
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