Wipro sacks more on non-performance

[Prashanth]

Wipro laid off an indefinite number of employees last week on non-performance grounds.

The news report quotes an employee, who has been laid off, saying that around 300 employees were laid off on a single day. The employee said that many had to wait for a long time to get back their documents, after being told about the company's decision.

In just-announced Q$ results, Wipro outperformed its larger rivals Infosys and TCS both in terms of profit and revenue growth. The company announced a 25% growth in total annual revenues in 2008-09 at Rs 25,544 crore and a 19% rise in net profit at Rs 3,899 crore. Its fourth quarter brought in a net profit of Rs 1,010 crore (growth of 15% over the corresponding quarter a year ago) and revenues of Rs 6,452 crore (13% growth). IT services brought in most of that, at Rs 4,932 crore.

In September last year, Wipro had put about 4-5% of its workforce, about 2,400-3,000 employees, under the scanner for non-performance. The company said that while some would be given counselling to improve their performance, others would be asked to leave.


Source: indiatimes