Country's third largest software services firm Wipro today said its Executive Vice Chairman and Board member T K Kurien will retire on January 31.
Effective April 1, the move will see current chief Krishnakumar Natarajan moving on to the role of Executive Chairman with co-founder Subroto Bagchi stepping down from the position. Bagchi will continue on the Board as a non-executive director.
The new "pod" is purpose-built for Wipro Digital's strategy, design and engineering teams to work in a collaborative and adaptive workspace side-by-side with clients.
Wipro with its increased focus on automation, artificial intelligence (AI) and digital services may bring down 30 percent of its headcount in the next three years.
The country's third largest software services exporter missed street expectations on IT services revenues front that declined 1.2 percent sequentially to USD 1.77 billion in the quarter ended March 2015. Rupee revenues fell 0.9 percent quarter-on-quarter to Rs 11,242 crore for the quarter.
Wipro failed to call the rebound in the global economy and underperformed its rivals in software outsourcing. Azim Premji held the co-CEO model responsible