Wipro's 'Performance Appraisal' Results in Sacking of 600 Employees
Friday, April 21, 2017 IST
New Delhi: Third largest software services firm Wipro has despoiled much staff following its annual "performance appraisal".
According to sources, Wipro has shown the door to concerning 600 staff, whereas speculation was rife that the amount may go as high as a pair of2,000.
At the end of December 2016, the Bengaluru-based company had over 1.79 lakh staff.
The performance appraisal may additionally cause the separation of some staff from the corporate and these numbers vary from year to year," it added.
The company, however, failed to inquire into the amount of staff United Nations agency are asked to depart.
Wipro aforementioned its comprehensive performance analysis method includes mentoring, retraining and upskilling of staff. the corporate is regular to report its fourth quarter and full-year numbers on April 25
The development comes at a time once Indian IT corporations face associated unsure atmosphere given the kerbs being projected on employee visa norms by numerous countries just like the America, Singapore, Australia and New Seeland.
These corporations use temporary work visas to send staff to figure on consumer sites.
With visa programmes in these countries turning into a lot of rigorous, Indian IT corporations area unit probably to face challenges in the movement of labour still as a spike in operational prices.
Indian IT companies get over 60 percent of their revenues from the North American market, about 20 percent from Europe and the remaining from other economies.
Besides, higher adoption of technologies like automation and artificial intelligence is also reducing the need to have a large number of employees at a client site.
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