Exclusive: Wipro to lay off hundreds of mid-level employees to improve margins

Wipro is in the process of cutting ‘hundreds’ of mid-level roles onsite as it attempts to improve its margins, two sources with knowledge of the matter told ET Prime.
Wipro has the lowest margins amongst the four largest India-listed IT services companies. For the December quarter, its margin came in at 16%. Tata Consultancy Services, Infosys and HCL Technologies reported margins of 25%, 20.5% and 19.8% respectively.