Sequentially, the attrition rate increased to 15.1 percent for the last-twelve-month (LTM) basis. In Q4FY26, attrition stood at 15%.
This comes at a time when Wipro is reassessing its lateral and campus hiring models to focus on improving utilisation rate of existing employees amidst lowering attrition, to grow margins.
Wipro has on boarded over 3,000 freshers in Q1 and plans to hire around 10,000-12,000 people in FY25 including on and off campus.
According to Saurabh Govil, chief human resources officer (CHRO) of Wipro, the company is yet to complete on boarding of freshers who received offer letters during its post Covid hiring spree.
Wipro reported a second consecutive year of headcount decline on April 19, which was down by 24,516.
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Badri Srinivasan had joined Wipro in January 2022 as the Managing Director for Southeast Asia. In his previous role at Wipro, he led the consolidation of strategic transformational engagements with clients while strengthening Wipro’s talent base and brand presence.