Wipro CEO Abid Ali Neemuchwala mentioned in an internal conference call that if revenues don't grow, around 10% of employees would be let go this year.
OK, not good...
The product engineering team is likely to be one of the big casualties. Wipro ended last fiscal year with 1.81 lakh employees.
- Source: http://cio.economictimes.indiatimes.com/news/strategy-and-management/after-cognizant-wipro-infosys-and-capgemini-prepare-for-layoffs/58587412