Threat says Ricin will be released in its offices if Wipro fails to cough up Rs 500 cr in bitcoins
There was, however, no impact on the company's operations
India's technology services firms are facing their worst period in a decade. The industry is facing technology and business shifts, impacting their growth and their employees. Amidst fear of layoffs across many IT companies, Saurabh Govil, head of Wipro's Human resources, explains who are the affected lot and why it is essential to re-skill for employees in this sector. Edited excerpts: BS: There is an increasing fear of layoffs in IT services industry. Do you believe it is real?SG: In the last two decades, the industry hired people and there was enough demand available. In those days, the expectation was if you do not get promoted within 2 years, there is something wrong with you. A lot of people did very well grew. The first change started when the 2008-09 economic slowdown. The industry has matured from 40 per cent annual growth to single-digit growth this year. Right now, two or three key things are happening. First, a clear shift has happened from managing demand to creating ...
Wipro, India's third largest software exporter, said that that half of its 14,000 employees in the United States are American citizens, with nearly 1600 local hires made in the last six months to deal with clients in emerging technology areas such as digital and cloud.. "Wipro hired over 1,600 employees by attracting and nurturing local talent to drive innovation and help transform clients' businesses into digital enterprises. During the past decade, Wipro has invested over $2 billion in the US," said the company in a statement. The Bengaluru-headquartered company has more than 1.8 lakh employees across the world.Wipro said it has focused on creating jobs in the US "underscoring its strategy to build a deep local talent pool close to its clients". Indian IT services firms such as TCS, Infosys, Wipro and others, who have largely been dependent on H1B visas to send software engineers to the US on client projects, are increasingly focusing on local hiring there. These firms have seen a .
A tighter visa regime could force Indian IT firms to step up local hiring in their biggest market
Chief Strategy Officer Rishad A Premji's compensation also grew by more than 250 per cent to Rs 58 million in the said fiscal
Interview with Abidali Neemuchwala, CEO, Wipro
Neemuchwala said, of the 1,00,000 people, 75,000 of them have been retrained at Wipro
Premji scion will be one of the youngest to don the role
Neemuchwala also said the company has invested in some very specific IPs
As part of alliance, Wipro will leverage HPE Flexible Capacity to offer flexible IT infra services
Firm joins Infosys, TCS to tap talent to service clients such as Facebook, Google and Apple
Industry analysts say Wipro will need appropriate selling methods for such a solution
In the previous quarter, Wipro posted 11.85% quarter-on-quarter fall in consolidated net profit at Rs 19.30 billion.
The Bengaluru-based company is slated to announce its financial results for the fourth quarter and fiscal ended March 31, 2018 on April 25
Company seeks to create newer consumption opportunities in household laundry segment with premium products across the wash cycle
This is the 12th acquisition for the Bengaluru-headquartered firm in 16 years
Wipro and Ensono have also signed a long-term partnership agreement to jointly address the hybrid IT requirements of Wipro's new and existing enterprise customers
Azim Premji Trust along with nine other promoter entities offloaded a little over 17.96 crore shares during the buyback that closed on Dec 13
Margin gains in the quarter are unlikely to sustain