The country’s third largest software services firm WiproBSE 0.36 % is learnt to have fired hundreds of employees as part of its annual “performance appraisal”.
According to sources, Wipro has shown the door to about 600 employees, while speculation was rife that the number could go as high as 2,000.
At the end of December 2016, the Bengaluru-based company had over 1.79 lakh employees.
When contacted, Wipro said it undertakes a “rigorous performance appraisal process” on a regular basis to align its workforce with business objectives, strategic priorities of the company, and client requirements.
“The performance appraisal may also lead to the separation of some employees from the company and these numbers vary from year to year,” it added.
The company, however, did not comment on the number of employees that have been asked to leave.
Wipro said its comprehensive performance evaluation process includes mentoring, re-training and upskilling of employees. The company is scheduled to report its fourth quarter and full-year numbers on April 25.