Indian IT giant Wipro losing staff; attrition as high as 14%
By Tarry Singh at 28 October, 2009, 9:32 am
Bangalore: There seems to be no impact of the economic slowdown on the Wipro employees, the company has witnessed an attrition rate of 14 percent, with voluntary attrition going up to 10.5 percent and involuntary attrition to 3.1 percent in the same period.
Wipro on Tuesday projected an earning of $1.11 billion from IT services for third quarter (October-December) of this fiscal (2009-10), as revenue for second quarter (July-September) at $1.06 billion was higher than the guidance of $1.03 billion.
“We expect revenues from our IT services business to be in the range of $1.09-1.11 billion in the third quarter, as we see more stability in volumes and pricing,” Wipro Chairman Azim Premji said in a statement here.
In a regulatory filing earlier, the IT bellwether said net profit for the second quarter increased by 19 percent year-on-year (YoY) to Rs.11.62 billion, as per the Indian accounting standard.
Related posts:
- Indian tech giant Infosys reports profits beating expectations; Sales rise 2% to $4.76 Billion! What can I say. These Indian giants are on...
- Indian firm Wipro ready to hire U.S workers As they say: ” A job is a job...
- Indian Tech giant Tata Consultancy group to hire 30,000 by 2010-2011! These are clear sign that firms like TCS will now...
- Is it wise to look for jobs at Indian firms? Rival firms snapping experts by offering double salaries! Especially technologies such as virtualization and emerging trends such...
- Indian IT job cuts: Satyam, Wipro, Patni ,TCS axe jobs! Satyam is firing about 4500 employees, Wipro fired some 3000...
- Indian IT firm, Wipro enters Cloud Computing market I asked how Wipro could compete in the U.S....
- Spanish Telco Giant Telefonica Q3 2009 profit falls! Clearly giant Telco’s too have a bigger challenge as...
- Blockbuster M&A coming soon from an Indian Outsourcing firm? India’s top three IT firms each has a market...
- Wipro gets barred from World Bank as well! This is really going to look pretty bad on the...
- Indian Tech firm Tata Consultancy (TCS) reports profits on order wins! Tata Consultancy Services Ltd., India’s largest software exporter, reported...
No comments yet.