Roadblocks ahead as Indian IT moves into high gear Indian IT services providers are on a roll right now. They are not only grabbing market share and clients from global peers but are also winning customers in new technology areas, aided by the Covid-19 pandemic, which has shaken off process-related inertia and sped up offshore
Wipro Layoffs: Wipro had acquired consulting firm Capco for $1.45 billion in 2021, making this CEO Thierry Delaporte’s biggest bet. However, as post-Covid growth fell and world economies cooled, the consulting business slowed down as customers curbed spending.
Wipro is cutting mid-level roles to improve margins. It bought Capco for $1.45 billion, Delaporte s biggest bet. Job cuts are part of the Left-Shift strategy. Wipro underperforms and faces conflicting goals.