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.