Wipro headcount down by 21,875 in 12 months

The total employee headcount of Wipro in the third quarter fell by 4,473 to reach 240,234. In the September quarter, the company had a total employee headcount of 244,707. This is the fifth quarter in a row where the IT major saw its total headcount falling sequentially.

Over a period of 12 months, Wipro lost 21,875 employees as the IT industry faced an increasingly uncertain macro environment and clients delayed their decisions on tech spends.

The company saw its utilisation rate falling to 84% in the Q3 of FY24, slightly below 84.5% in Q2. The company attributed this to the seasonally higher furlough that the IT sector generally face in Q3. The attrition rate fell to 14.2% in the just concluded quarter, from 15.5% in the September quarter.