Wipro Layoffs 2024 - Which IT Employees Should Worry? | Tech Layoffs & Future of IT Industry India

[@IYKYKpro]

News articles for your reference: economictimes.indiatimes.com/tech/information-tech/exclusive-wipro-to-lay-off-hundreds-of-mid-level-employees-to-improve-margins/articleshow/107281960.cms?

[@Funnygowsiofficial]

I'm in the part of LOP for past 1 . 4 months still there is an whatapp group people's like me with more than 3k employees that too in chennai and pune bangalore etc.. But still there is group and ppls that i couldn't know.. Wipro is doing an Immediate lop for many of them even if your in project also sudden Hr call for some people's to move out by their own... If you resigned by your own you also need to pay 30k something😫still I'm Struggling without job With my family

[@Funnygowsiofficial]

Sir I'm trying to get job but without experience I'm getting rejected before.. I have an sibling she is physically challenged I need to take care of her but still worried that I'm jobless and I couldn't.. I can't move out of wipro cause I need to pay back the money like 30k without job and in my family crisis I can't do anything please make something to this media and these are all happenings In wipro sir.. Is there any opportunity please help me for an job sir🙏

[@nishantb80]

This clearly shows the advantage of remote jobs, and why they will only boom in coming years !! So basically freshers will be paid peanuts... And by the time they have 5-15 years experience.. They could very well get fired... 😂. IT industry is full of hyenas and vultures in India..!! I will never let my child work in IT...

[@vinayak4778]

Then which will be safe sector could u elaborate for ur feature son😏?

[@nishantb80]

@@vinayak4778 Not IT

[@rupambarman3756]

@@vinayak4778😅

[@lokeshkumar-dq7yl]

Politics 😂😂😂​@@vinayak4778

[@djohn0909]

​@@WISESHEEPOFTHELORD😅 bro internal depts like HR are fired the most

[@warrengebhardt1145]

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.

[@alexlucas7264]

I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy.

[@philipgrombliniak5651]

How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?

[@SantiagoGarcia-up7hm]

YES!!! That's exactly her name (Deborah Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺

[@billboyer9524]

I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.

[@martinvaisman8578]

Wow I'm just shocked you mentioned Deborah Davis, thought I'm the only one trad ing with her

[@Vancqa]

Most managers (non techno) in Desi companies like TCS,Infy, Wipro,CTS are not adding any value to clients but are billed on expensesof tech folks..also most don't play any role in engineers career growth ..not sure how long companies will keep them..

[@abcdabcdabcd317]

I agree

[@timetraveler1001]

Instead of laying off , just tell employees that company is in loss , so do work from home and no salary hike for this year

[@Mrartist_PJ]

Yes then some people resign their own and some who are solely depending on the job will remain right lay off will destroy life's

[@akkisuper1]

Already no hike and Gaslight manager using this to screw there successor whom they are afraid of

[@arnabchowdhury4892]

This looks practical but as explained in this video employee's salary is 60% of company's net profit where as other expense like rent etc are just 20% . Hence company will prefer layoff to save 60% instead of giving wfh to save 25%.

[@tagorerahul]

What If people are on bench for long period because there is no new project to hire?

[@lionheart650]

Watching this type of videos since 2021 graduation Still no one faced any issues around me But no job for me

[@praguhbis]

Employees made scapegoat for management's bad decisions and that too despite having huge cash reserves! Hmm. Interesting times.

[@abhiroopsengupta2181]

Any one of u who are started in career or mid career profession , donot take home/car/personal loan take it only incase of medical emergency u don't have a stable job so u can't commit on any no. of months that u will be paying the emi

[@IYKYKpro]

I agree! It is tempting. But wrong thing to do!

[@thyagarajesh184]

Good commentary on the current state of Indian IT sector.

[@Fields_Forks]

Sometimes in Wipro there is 1 person doing work and 5 more involved in it without any work.

[@BornDude25]

Most managers who don't have any idea how to write even a single line of code are made to manage technical teams.And then they also escape these layoffs

[@siddheshbhosale9820]

No 1. To resolve this Problem take only CE and IT Students for Work.

[@IYKYKpro]

It is not number#1. I believe it is mostly #2

[@johnsamuel1999]

I disagree .if a non cs person can learn in the training and clear the interviews . Why should cs people be favoured

[@siddheshbhosale9820]

@@johnsamuel1999 only some of them are the best but many people are out there who come to this IT industry because of high paying jobs in past 3 to 4 years, I have seen most of them don't know how to debug the code.

[@EnggMak]

Not useful, people will provide fake education background 😂

[@shakthi9524]

thank you for saying that

[@snebis]

Do your work. If MNCs want to lay off, they will lay you off no matter what

[@sudharsanbabus]

When Capgemini acquired IGATE, Capgemini employees got the Golden ZERO % hike letter.

[@sameelshamnad6142]

😂

[@Gokul_02]

I got placed in Capgemini through on-campus college placements in 2023 but till now they didn't give joining for me now I'm completely blank since I'm non IT graduate as an long career gap core industries didn't come forward to hire me and I'm not good enough to crack any IT sector in this competition what to do ? How long I need to wait? did you know anything please share that🙌🏼

[@Krlowanigu-mg6eg]

Whatever the reason is I bet everyone is happy that the higherups will keep their bonuses and the CEOs will keep their golden parachutes. AREN'T YOU?

[@IYKYKpro]

Usually it is the same! However, in this scenario - it is tough because their performance has been really bad compared to peers!

[@arunpandian294]

Definitely not. Higher ups and CEOs have far more STRESSFUL things to handle. And in this case, they are in a pinch. If the organisational boat sinks, then they lose their value. They need the profits as well as the assets to make the profits. It's not as simple as it seems for these "HIGHER UPs".

[@mrinalkrant2523]

Reason: Redundant mid level...in a highly protective culture built by coterie. Peter principle applied...

[@karthikmani4604]

Better resign and do farming. You need food to live

[@ThePlusOrg]

Wipro has always been worst IT company in India. Be it Quality, As a company.

[@akkisuper1]

I agree no benifits Gaslight manager

[@raghunandarcot9025]

Love the clarity !

[@Aj-ex1ft]

Now I am working as web developer as fresher, after knowing this type of news, I can't focus on learning properly. And thinking should I leave my job and will go to home and will do jobs at Factory as labour...

[@lokeshkumar-dq7yl]

You can learn to do factory labour anytime but cannot learn after you cross your prime youth period. If you want to go into software, continue learning. If you want some kind of job, work for any small business owner, learn the trade. In few years, you can start your small business

[@kaviinravi3410]

Same feeling for me now days it sector is very hard and stressed. I also think to go factory sector. It safe for job in after 10year also. But salary less but peaceful life.

[@IYKYKpro]

Well said Lokesh!!

[@Aj-ex1ft]

@@IYKYKpro sir is there any future for web developer or not after AI upgradation?

[@shashwattripathi11]

Bro please dont listen to these people. After Recession everything will be alright. IT is still the best sector for an employee. This guy is a fear monger who wants everyone to feel insecure just like himself.

[@imtiazalam497]

this news was already in the market..he just took this headline to promote his other service

[@veereshgp49]

In infosys HR is calling employees for 1 to 1 discussion and doing onspot forced resignation. Without doing evaluation of previous quarter goals and whiteout giving ratings, randompy sending PIP mails😢

[@akkisuper1]

😢

[@JPAGH]

"Which IT Employees Should Worry?" All from projects that are being closed or reduced.

[@jayramkapre4679]

The IT company with margins of 12% can not survive. Wipro in a very dire situation. IT industry in India has to evolve otherwise AI will dent more margin

[@raghukrishnan777]

None of above - They need to reduce head count trying to reduce cost indirectly or directly . And when it happens the dog eat dog and political gamble starts at the senior manager level

[@dibyayanmukherjee553]

Wipro is not even a proper IT company. Most of their business is BPO. Which is a fancy term for a call centre. Superficially it may seem TCS and Wipro do similar stuff but in reality TCS has some actual IT services with a small BPO service, while Wipro is mostly BPO with a tiny part in IT services. They are not the same.

[@NitinKumar-ln3ow]

Very nice content with a beautiful insight 👍

[@IYKYKpro]

Thank you:)

[@ButchCassidyAndSundanceKid]

With the advent of AI, and since India is relying on its IT service industry to grow, and since India now has just over 1.4 billion people and the population is continuing to grow, I really doubt it that it can feed its own people, let alone moving up the global GDP league to the No. 3 spot as Modi proudly stated.

[@timetraveler1001]

Layoff makes condition worst , remaining employees get some extra work load on behalf of lay off , and this will reduce the effecincy in employees

[@12345abcd_qwerty]

IT companies have been doing same things in a cycle. Guessing this is not only true with IT but in every industry.

[@Sj-bh6wm]

Wipro is not paying employees any salary after 45 days on bench

[@IYKYKpro]

What?

[@sureshkumar-sy5gx]

​@@IYKYKproyes, it's true

[@P_Nut07]

How many days of bench period is allowed?

[@Sj-bh6wm]

@@IYKYKpro yes its risky to join wipro

[@sanskarkakani]

yes true

[@AbhishekKumar-ub8co]

Its not that onsite wages of employees are more but it is driven by several factor eg min wage, pay parity, living standard, high tax rates etc

[@DeepMimd007]

Who is giving $100/hr? We use to pay TCS, WIPRO, INFY, TECHM $45-55/hr.

[@Saurabh.P]

Mark my words, there will be large scale lay offs this year. US is in recession, they are delaying the declaration. There is refinancing of the loans scheduled this March. There are high chances many can default the loans as the loans were taken at 0% during lock down and now refinancing will be done at extremely high interest rate.

[@viditgoswami6905]

Ever since Ajim premji son Rishad has taken the charge Wipro has been facing constant downfall

[@user-bg3zp1uc7r]

I agree with you...

[@abhijitmanna4524]

Freshers hiring not happening, how to sustain life, i can't sit for 6 months without job, degree i am about to get, what about job, College worst placment, best placement private college gone to worst in one year.

[@booksquotes948]

Which field r u ? Try web development freelancing or drive uber. Driving jobs in gulf pay a lot of money. Construction jobs also need workers in Europe. Keep searching. Don't sit at home obsessed with software jobs.

[@mandarp9472]

AI have not even started working. Once AI will get advanced then it will start affecting jobs in next 10 - 12 years. 3:17

[@timetraveler1001]

Why don't they give work from home so they can save rent, electric bill, travel expense of emplo

[@asutoshghanto3419]

they need to show their customers that thier code and data isn't leaked.

[@timetraveler1001]

@@asutoshghanto3419 yes u r right sir

[@kumaruv3241]

I was working for wipro from 2019 to 2023. Generally its a conservative mindset company (Kanjoos). Ex: 1. They keep on push every project employees to find someway to bring more revenue from client. 2. my project client approved budget for 5 new developers. That means 5x revenue income to wipro. But my Wipro Account Head told me to take only 3 developers and he dont have budget for 5. 😮 I guess the company's top management is with bad leadership. They only try to squeeze out revenue from all seeds. No proper care for employee welfare.. If they continue the same behaviour for 2 more years, then this company will collapse for sure..

[@askokkumar9967]

When company make profit nothing given to employees when company makes loss employees gets fired

[@rakesharamaiah2737]

In a year 1 month we need to go back to college, to learn new software new things, otherwise no future

[@vivektube123]

I am Wipro employee.. Its headwinds and poor sales

[@BeamMeUpScotty999]

This feels like yr 2000 just before the Dotcom bust!

[@amitkekade5691]

Excellently explain

[@VM-zp1cz]

No layoff just restructuring 😂

[@balajiram2755]

I don't know why... your speaking and tone seems to be identical to that of Dr. Pal

[@IYKYKpro]

Sorry. Who is Dr.Pal?

[@Unusual1818]

Nice video but can you keep the camera a bit far and not too near?

[@IYKYKpro]

That's the feedback to my editor:) he decides to zoom in:)

[@Unusual1818]

@@IYKYKpro nice...you have a team too..I thought you were doing all by yourself :)

[@23saumodeepsardar79]

So the layoffs are because of the company’s performance in the market which is also additionally impacted due to the recent recessions too.

[@ramkumarch1]

Well Explained !

[@rajivdixit6462]

Same package for freshers for past few decades.. why so.

[@Vancqa]

They will join irrespective if package offered so companies don't worry much.. TCS had same package to campus recruitment for more than decade now..😂

[@bublaankan]

why mid management ? thats the question , leaders done it wrong , not okay at all .... its not specific for Wipro , this goes on for all service based IT comps , very bad

[@GloriousHeavenlyCourt]

Hello, I was wondering what is the feeling of these both, A boss telling to his employee: you’re fired or one of the layoff. Ecclesiastes 6(DRB) 8:6. There is a time and opportunity for every business, and great affliction for man:

[@diptaranamitra8865]

This guy is so happily explaining the layoff news. This guy is a complete sadist!

[@shakthi9524]

The views of depressing ppl makes such content makers happy

[@Neeraj-fw7ck]

Uski sakal hi aisi h😂

[@4e8gireeshvarma62]

Sir, Please make vedio on DXC Technology Q3 Results released on feb1.which is good or bad,becz iam Selected to DXC (2023 batch) not get trained and onboarded.please make vedio on Q3 results

[@ThePlusOrg]

did u got ur offer letter/joining letter; ?

[@4e8gireeshvarma62]

waiting for domain taining @@ThePlusOrg

[@glass8289]

Even in the IT industry's peak, Wipro is the crappiest company to work. S***ty Management. Employees are far less paid compare to other service companies, which by themselves pay less.

[@naveenkumarb4u]

00:01 Factors behind layoffs at Wipro 00:42 Wipro has been struggling with quarterly performance. 01:25 Wipro's net profit margin is lower due to Capco acquisition 02:06 IT employees should consider the pay rates and future job roles. 02:56 Wipro's profit margins are impacted due to the acquisition of Capco. 03:34 Wipro is laying off employees in the technology Consulting Division and on-site locations. 04:20 Wipro targeting layoffs in middle management segment for faster decision making. 05:02 Seven skills AI can't replace help negotiate better pay and grow in career.

[@pssp3222]

14% variable pay based on client billing, hardly 20-25% salary of total clients billing n many third class.policies😢

[@detro690]

Wipro mostly have their own leased land for offices, so no point of expenses for this.

[@viki.04677]

Tell me one thing if corona learn all company work can possible via work from home then why company not getting idea to work from home and save money in some area

[@detro690]

Wipro mostly has huge office campuses which they've mostly taken in the outskirts of the city from the government. So there's not much burden at least for real estate. And the pay scale of Wipro is also one of the industry's lowest😄

[@VinayVarma-m2h]

Company want to improve profits that's why layoffs

[@theawesomedas]

The most important thing I got to understand that make yourself relevant every day for work so that it does not become your turn.

[@TheSpectator425]

It doesn't matter how important u are if your project/ product is not important/ priority for your organization.

[@theawesomedas]

@@TheSpectator425 I am not thinking from sustainability within one organisation. Even in case of you are laid off at least you can crack interview and secure another one. Craft on your skills that's what is required.

[@Amit-eu9uf]

Hello sir, I have been selected as business analyst for wipro from my PGDM in marketing and analytics in their some cyber security domain. I'm from a non-tech background could you suggest about my further strategies as I would be joining it in the month of June/July 2024.

[@FirstRuleOfFightClub111]

Same hear..bsc agri candidate wants to do IT job ..the pay is very less comparing to IT sector...

[@entertaintvshorts]

Plz may I know from where u did PGDM

[@M2eddihari]

Sad reality of IT employees no job security. while they are earning government happily takes 30 % of tax from salary but when they are laid off government will not care.

[@kushanchoudhury1942]

One of the worst companies to work for...i was a part of der wase program which is pure waste od time and effort...they simply waste talent and micromanagement and politics which degrades employees confidence very badly.

[@David-ht6pz]

We can’t feed our people, India should seriously think about population control. Specifically every Abdul wants 5 kids 😢

[@IshaqPrince-l7g]

stupid agreements with huge discounts to customers and unnecessary takeover of capco

[@chakravarthiamithraghav8008]

Look, here is one observation you missed out. Wipro laid off their employees, then rehired most of the exact same people through third party contractors. So where does it fit?

[@Loki-pg7jr]

Make senior management's salary half...everything will be solved. Why everytime we have to suffer who are in the middle bracket...

[@IYKYKpro]

The decision makers never want to take less money! That is the reality!

[@ashoksinghal5620]

lay off essentialy means Company not doing well or over staffed. Poor performersare not laid off or but dismissed. When industry s doing poorly, it isjust that many company doing badly.

[@subramanyamshankar1767]

why the irritation background music?

[@prabaharanz3520]

jobless me watching this

[@shrikrishnabhosale760]

Cost Cutting (CC) or Carbon Copy (Cc) 😊

[@lradhakrishnarao902]

No 3

[@srinivasbengalurumysuru]

AI

[@detro690]

No. 1 and no. 2 for Wipro's layoff 😢

[@yuvraj-arava]

No 2 and 3

[@jacob1abr130]

sell off reason using car example.. Is that to be a correct analogy?

[@kiranyadav5550]

3rd Option

[@roshnray6566]

Ye company last 2 year se aisa karrhi..WFH karna chahiye

[@the.kratos.op01]

Then we have some high Onboarding possibilities for elite phase 1 right? Though they don't have enough projects on other hand. Already many of them got terminated nd now it's gonna held again, so if they terminate employees then lack of vacancies for freshers who already have offer letter and waiting for Onboarding right?

[@Vishal_437]

When they know whos sinking the boat, they should offload them(capco) first.. why mid level folks of existing setup.

[@IYKYKpro]

Maybe just Capco is not enough!

[@Vishal_437]

@@IYKYKpro if that's the case, wipro is in deep trouble.

[@Vishal_437]

@@moneshkankane1951 I agree.. technically, capco folks are wirpoites now, so we never know who went first

[@IYKYKpro]

@@Vishal_437 yea. That is the problem. Hard to draw the line! On who is l impacted by layoffs

[@pradeepchandran255]

Super

[@yembulururajaneesh3890]

Shall we file case against wipro in labour court

[@arunachalla2007]

In India , there are no proper labor that why lot of companies taking advantage of situation

[@jagdishchandra5220]

Can you make a video on TCS US Layofss

[@IYKYKpro]

Will try Jagdish

[@jagdishchandra5220]

@@IYKYKpro I will provide you more info i was part of this huge layoffs in USA how should i connect with you i will provide you more info

[@vishnureddy6001]

any possibility lay offs in in infosys?

[@RaviKiran-mh1dn]

One of waste private company. From Grandfathers business, still worthless people still owned it.

[@Bhagwarang5]

IT bubble worst soon

[@sayali2807]

Make positive videos also. Especially the heading atleast should give positive vibes.

[@sundarrajn1003]

It is right decision to sack the middle management as there are a lot of non-techy middle management people doing nothing worthwhile but politics. There are too many of them costing too much to the project. I know a team of 5 people are managed by 3 middle level managers with various titles. Two of them have no idea about any stuff but simply schedule calls and doze off.

[@FunNFury]

wipro pays soo less to Indian employees in india and pays very good in foreign countries.😒 🐍 Wipro is not even an ideal work place to get paid well.

[@amanb5598]

Due to Artificial intelligence software development related Jobs decline in future.

[@theteacher8444]

All from 1 to 3

[@pavan6813]

No 2 who offered too much pay to employees. This is the fault of wipro

[@satyanarayanadayyala2627]

Hey Pavan

[@amitkekade5691]

After 2014 layoffs started in Bha rat

[@rangarajanragavan1163]

When you middle level in experience wise you mean people with more than 10 years of experience?

[@IYKYKpro]

I mean around 10-15 years experience roughly. Highly tricky phase! Because the individual is neither a leader nor a fresher

[@rangarajanragavan1163]

@@IYKYKpro what about people with 6 to 7 years experience?

[@PKV54]

What about 20+ years exp guys

[@IYKYKpro]

@@PKV54 now you are asking me tricky question. In IT industry, it is a high level of experience. Typically folks are in leadership roles. I mean - they are responsible for overall team delivery and not writing code themselves

[@shubhamyeole9077]

3

[@bodhidharma8457]

just profit making as always

[@venkateshkadari605]

1, 2

[@AvinashJ21]

Even I'm laid off.. It's very hard time for me 😢..

[@Pavankumarsinglavqrdoor1242]

Which company

[@AvinashJ21]

@@Pavankumarsinglavqrdoor1242 Citi

[@mohammadmaaz731]

hope you get a new oppoptunity very soon, with even bigger package