Wednesday, October 22, 2025
spot_img

Wipro headcount gets down by 435, attrition eases to 21.2% in Q3

spot_img
- Advertisement -

Wipro Limited a leading technology services and consulting company, announced financial results on Q3 under International Financial Reporting Standards (IFRS) for the quarter that ended December 31, 2022.

Wipro’s net headcount has decreased by 435 employees during the December quarter. The company’s voluntary attrition moderated 180 bps from the previous quarter, which stood at 21.2% for the trailing twelve months for the quarter.

Wipro added 3,000 freshers in the third quarter and plans to add 5,000 in the current quarter, according to Chief Human Resources Officer Saurabh Govil. 

Thierry Delaporte, CEO and Managing Director, said, “I am pleased to report that we have delivered another quarter of double-digit revenue growth.”

“Our Total Bookings were over $4.3 billion, led by solid large deal signings of over $1 billion. We improved our margins by 120 basis points and our attrition moderated for the fourth quarter in a row”, Thierry Delaporte added.

Jatin Dalal, Chief Financial Officer, said, “Our Operating margins are now at 16.3%, which is an expansion of 120 basis points from last quarter. This expansion of margins was after absorbing the investments we made in our people by way of salary increases, promotions, and long-term incentives for our senior leadership.”

“Margin growth was led by strong operational improvements and automation-led efficiencies. We generated strong operating cash flows at 143% of our net income for the quarter and our EPS increased by 14.6% quarter-over-quarter”, Jatin Dalal added.

The company’s attrition rate has also continued to ease to 21.2% from 23% in the previous quarter. The firm’s total headcount at the end of the December quarter slipped to 258,744 from 259,179 in the last quarter.

As of September 30, 2022, Wipro added 605 new employees. In the second quarter, the company promoted more than 10,000 colleagues and increased salaries across bands.

HCL

HCL’s third-quarter net addition was 2,945 during the third quarter. The closing headcount was 222,270. The company added 5,892 freshers during this quarter. The LTM Attrition was 21.7% which was slightly lower as compared to the September quarter of the fiscal year where it was at 23.8 percent. Women’s workforce contribute is 29.2% of the total workforce.

TCS

TCS said that it will be hiring 1.25 lakh to 1.5 lakh employees in the financial year 2023-24 (FY24). Since the company posted a decline of 2,197 people in its employee base, TCS headcount stood at 613,974 as on December 31, 2022. TCS has reported attrition in Q3FY23 stood at 21.3 percent, a slight decline from 21.5 percent in Q2FY23 on a last-twelve-month basis.

Infosys

Infosys’ total headcount stood at 3,46,845 in Q3FY23 a net addition of 1,627 employees compared to 3,45,218 employees in Q2 of FY23. The current attrition rate in Q3FY23 stood at 24.3% down from 27.1% in the September 2022 quarter. During the June 2022 quarter, the attrition rate was 28.4%.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Welspun Group appoints Rajesh Srivastava as President & CHRO

India’s fastest-growing global conglomerate, Welspun Group has announced the...

PayPal invites applications for experienced jobs, MBA interns 2024

PayPal has invested in setting up three world-class software...

Infosys to Create 2,500 Jobs in Punjab with ₹300 Crore Investment

Infosys Limited has announced plans to set up a...

Supreme Court suspends ruling on a man who molested girl after outcry

Supreme Court suspends ruling on a man who molested...

Only 39% HR think working remotely is effective: LinkedIn

On Tuesday, 16 June, LinkedIn has announced the findings...

Nissan Crisis Deepens: 20,000 Employees Face Job Cuts

Nissan Motor Co. has announced a significant workforce reduction,...

Intel sets out unpaid leaves for 3 months to employees, starts layoff

Intel offering 3 months of unpaid leave to employees...

Microsoft 3rd layoff round hits employees 10,000 jobs affected

According to several reposts, an American multinational technology corporation,...

Related Articles

Sheenu Pradhan
Sheenu Pradhanhttps://sightsinplus.com/
Sheenu Pradhan, Editor Content, SightsIn Plus. She has over 8 years of experience in human resources. Prior to this, she has been associated with Wictor Chemicals India, Wipro, and Shakti Plas Industry.