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The silent rise of veterans at Wipro's top decks

Livemint

Livemint · 7m ago

The silent rise of veterans at Wipro's top decks

Wipro, India's fourth largest technology services firm, has seen several top-level changes since CEO Srinivas Pallia took over in April. The company has been promoting internal candidates to leadership roles, with six out of eight top-level changes coming from within. These internal promotions are seen as a way to boost morale within the company and have a higher chance of success. Wipro is currently focused on efforts to revive its fortunes after experiencing a decline in revenue.

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In another top-level exit, Wipro’s head of large deals team quits

Livemint

Livemint · 1y ago

In another top-level exit, Wipro’s head of large deals team quits

Stephanie Trautman, the head of Wipro's large deals team, has resigned, adding to the challenges faced by CEO Thierry Delaporte in retaining top leaders and revitalizing the software services company. Trautman, who previously held a position at Accenture, was among the high-profile executives hired by Delaporte. This departure comes after a series of senior management resignations at Wipro, raising concerns for analysts and investors. Wipro's large deals team will no longer function as a centralized unit and will instead collaborate with industry-focused business units. The company's revenue has declined, prompting questions about the CEO's ability to turn the company around.

Wipro to hand out an average 8% salary hike to its top performers this year

Livemint

Livemint · 10m ago

Wipro to hand out an average 8% salary hike to its top performers this year

Wipro Ltd, India's fourth-largest IT services firm, will implement salary hikes for employees starting September. Top performers can expect an average salary increase of around 8%, surpassing last year's average increment of about 6%. Approximately 75% of Wipro's 200,000 offshore employees could receive an 8% hike, while those working at client locations may receive a 3% increase. The salary increments were initially delayed but are set to reflect in the October payroll along with September arrears. Wipro's move follows Tata Consultancy Services' announcement of double-digit wage hikes for high performers and average hikes of 4.5-7%.

How to write a top 1% cold email to VCs

Internet

Internet · 1y ago

How to write a top 1% cold email to VCs

OpenVC's guide helps founders write top cold emails to VCs by ensuring VC fundability, thesis fit, and positive signals. It covers creating compelling email subjects and bodies, sharing strong pitch decks, and optimizing the emailing process. Warm intros are preferred, but well-crafted cold emails can also succeed. The guide aims to improve cold email quality for better outcomes.

Are vanity metrics hiding the real picture?

Inshorts · 3m ago

Are vanity metrics hiding the real picture?

GMV looks great on pitch decks, but LTV, CAC, retention, and contribution margin reveal the real story. E-commerce isn't about growth at all costs anymore. Sustainable brands optimise what they spend to keep a customer and what that customer gives back. Quality of revenue now beats quantity.

Wipro CEO Srini Pallia hails ‘transformative’ 32 years in first email to staff

Livemint

Livemint · 1y ago

Wipro CEO Srini Pallia hails ‘transformative’ 32 years in first email to staff

Wipro's new CEO and MD, Srinivas Pallia, expressed his gratitude towards employees and highlighted the transformative journey he has experienced during his 32 years with the company. Pallia aims to create a culture that values every step of their journey and stressed the importance of resilience, tenacity, and adaptability as guiding principles. His appointment was approved by Wipro's board of directors and he takes on the role from April 7, 2024, for a five-year period, subject to shareholder and government approval. Wipro's Q4 and full-year earnings for fiscal year 2023-24 are set to be announced on April 19.

Wipro shares tank nearly 9% after earnings announcement

YourStory

YourStory · 1y ago

Wipro shares tank nearly 9% after earnings announcement

Wipro's shares saw a significant drop of nearly 9% after the company provided flat sequential growth guidance. The stock emerged as the biggest laggard among the NSE Nifty firms. Wipro reported a 4.6% YoY rise in consolidated net profit for Q1 FY25, but revenue for the same period fell 3.8%. The company expects revenue from the IT Services business segment to be in the range of $2,600 million to $2,652 million, with a sequential guidance of -1.0% to +1.0% in constant currency terms for the September quarter.

Wipro follows LTIMindtree, links office attendance to leaves

Livemint

Livemint · 11m ago

Wipro follows LTIMindtree, links office attendance to leaves

Indian IT services firm, Wipro, has directed its employees to attend the office at least three days a week or risk losing a day's leave, joining other companies enforcing work-from-office rules. The move aims to raise productivity and identify top performers as companies prepare for the next appraisal cycle. Wipro's directive only applies to certain projects, and it remains unclear how many employees will be affected. TCS and Infosys have also implemented similar policies, such as linking variable pay to office attendance and adopting a hybrid work model, respectively.

Manufacturing Push: DPIIT Reaches Out To Unicorns, Corporates To Set Up Incubators

Inc42 · 1y ago

Manufacturing Push: DPIIT Reaches Out To Unicorns, Corporates To Set Up Incubators

The Department for Promotion of Industry and Internal Trade (DPIIT) has contacted numerous large corporates, industry associations, unicorns, and veterans to highlight the importance of establishing manufacturing incubators. DPIIT is actively promoting manufacturing incubation by utilising its autonomous institutes and their top-notch facilities. In March, DPIIT conducted Startup Mahakumbh, a three-day startup event, as a significant initiative to support India's startup ecosystem.

Wipro appoints Malay Joshi as CEO of its largest market Americas 1

Livemint

Livemint · 1y ago

Wipro appoints Malay Joshi as CEO of its largest market Americas 1

Wipro Ltd has appointed Malay Joshi as the CEO of its Americas 1 market unit, the company's largest and fastest-growing market. Joshi, who has been with Wipro for almost three decades, will succeed Srinivas Pallia. He will also join the Wipro executive board. The Americas 1 market unit contributed 31% of Wipro's third-quarter revenue. Wipro is the only Indian IT company among the top four expected to end the year with a revenue decline.

upGrad partners with AWPO to empower military veterans

Inshorts · 5m ago

upGrad partners with AWPO to empower military veterans

Edtech unicorn upGrad has announced a partnership with the Army Welfare Placement Organisation (AWPO). The partnership is aimed at empowering military veterans and their dependents, including wives, young graduates, and widows of martyrs, with career opportunities to seamlessly transition into India's corporate workforce.

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