Friday 21 April 2017

Wipro 'sacks' hundreds of techies for non-performance-The Total Investment & Insurance Solutions

Contact Your Financial Adviser Money Making MC
21 April 2017

Global software major Wipro "sacked" at least 600-700 employees in fiscal 2016-17, ostensibly for non-performance or not rising to its expectations, said a company source on Thursday.

"Attrition takes place every quarter when employees leave voluntarily for various reasons or involuntarily when asked to go for non-performance or not measuring up to the expectations during appraisal," a Wipro source told IANS on condition of anonymity.

The source, however, declined to specify the number of techies "sacked" in the fourth quarter (January-March) of the just-concluded fiscal (FY 2017), as the company was in "silent period" ahead of its results on April 25. The Total Investment & Insurance Solutions

Asked how many employees left involuntarily in the quarter (Q4) or during the fiscal under review, a Wipro spokesperson said the company made a performance appraisal regularly to align its workforce with its business objectives, strategic priorities and requirements of its global clients. The Total Investment & Insurance Solutions


"Our performance evaluation triggers actions such as mentoring, retraining and up-skilling. The appraisal also leads to the separation of some employees from the company and their numbers vary from year to year," the spokesperson said in a statement here later.The Total Investment & Insurance Solutions

No comments:

Post a Comment