Wipro denies reports of plans to weed out 10% staff over low performance
The order was given after the recently concluded quarterly appraisals in April.
- May 23, 2017,
- Updated May 26, 2017 5:34 PM IST
Wipro has denied the reports stating that the tech giant asked its managers to identify the bottom 10 per cent of the workforce. Earlier reports said the company had taken the decision after the recently concluded quarterly appraisals in April.
In an email response to Business Today, the company said, "We constantly seek to help our employees develop new and niche skills. Wipro's rigorous appraisal process allows it to identify those employees who will need to be mentored and reskilled to align with the business priorities and strategic objectives."
Terming the reports of company reducing its headcount as misleading, Wipro said, "This is a regular practice and reports suggesting that the company is looking to reduce its workforce by 10 percent this year are false and have no merit."
The company said that they continue to hire talent from colleges and train them on new and emerging technologies, train existing talent on new technologies to fulfill demand and also hire senior level laterals from the market."
Meanwhile, a forum of IT workers is all set to get itself registered as the first union of techies in the country, amid reports of large scale layoffs by companies.
"The Forum for Information Technology Employees (FITE) will be getting itself registered formally as the first union for IT employees in India," forum's vice-president, Vasumathi, said.
"We are expecting this to happen within next five months," Vasumathi told PTI in an interview. The move has come following "illegal termination" of employees by the major IT companies in the country. The FITE, a group of IT employees, have been in the thick of action since 2008 when it kicked off a protest to bring attention to the state of Tamils in Sri Lanka. The forum has over 1,000 online members and around 100 active members.
Calls for formation of an IT employee union gathered momentum after reports of large scale layoffs by several IT companies in view of toughening stance of developed nations on work visas and increasing automation in the industry. Executive search firm Head Hunters India had said that the job cuts in IT sector would be between 1.75 lakh and 2 lakh annually in the next three years due to under- preparedness in adapting to newer technologies.
A McKinsey & Company report had said nearly half of the workforce in the IT services firms will be "irrelevant" over the next 3-4 years. McKinsey India Managing Director Noshir Kaka had also said the bigger challenge ahead for the industry will be to re-train 50-60 per cent of the workforce as there will be a significant shift in technologies.
Wipro has denied the reports stating that the tech giant asked its managers to identify the bottom 10 per cent of the workforce. Earlier reports said the company had taken the decision after the recently concluded quarterly appraisals in April.
In an email response to Business Today, the company said, "We constantly seek to help our employees develop new and niche skills. Wipro's rigorous appraisal process allows it to identify those employees who will need to be mentored and reskilled to align with the business priorities and strategic objectives."
Terming the reports of company reducing its headcount as misleading, Wipro said, "This is a regular practice and reports suggesting that the company is looking to reduce its workforce by 10 percent this year are false and have no merit."
The company said that they continue to hire talent from colleges and train them on new and emerging technologies, train existing talent on new technologies to fulfill demand and also hire senior level laterals from the market."
Meanwhile, a forum of IT workers is all set to get itself registered as the first union of techies in the country, amid reports of large scale layoffs by companies.
"The Forum for Information Technology Employees (FITE) will be getting itself registered formally as the first union for IT employees in India," forum's vice-president, Vasumathi, said.
"We are expecting this to happen within next five months," Vasumathi told PTI in an interview. The move has come following "illegal termination" of employees by the major IT companies in the country. The FITE, a group of IT employees, have been in the thick of action since 2008 when it kicked off a protest to bring attention to the state of Tamils in Sri Lanka. The forum has over 1,000 online members and around 100 active members.
Calls for formation of an IT employee union gathered momentum after reports of large scale layoffs by several IT companies in view of toughening stance of developed nations on work visas and increasing automation in the industry. Executive search firm Head Hunters India had said that the job cuts in IT sector would be between 1.75 lakh and 2 lakh annually in the next three years due to under- preparedness in adapting to newer technologies.
A McKinsey & Company report had said nearly half of the workforce in the IT services firms will be "irrelevant" over the next 3-4 years. McKinsey India Managing Director Noshir Kaka had also said the bigger challenge ahead for the industry will be to re-train 50-60 per cent of the workforce as there will be a significant shift in technologies.