In a Left-Shift strategy Wipro to axe hundreds of mid-level employees
The country’s fourth largest IT firm, Wipro has started the process of downsizing its mid-level staff, to improve its margins, which is the lowest among the top four IT services companies. The process will see hundreds of people losing their jobs, sources said.
Most of the employees who are likely to be laid off are in non-billable sections. There are also some in the billable sections whose role can be automated.
Sources said that the Wipro’s move to downsize headcount is part of a “Left-Shift” strategy. Herein the work of a level 3 employee is shifted to a level 2 employee, who is given appropriate tools.