In a big blow for the Vijay Shekhar Sharma founded fintech, the Reserve Bank of India has barred Paytm Payments Bank from offering all banking services after February 29. This and more in todays ETtech Top 5.
This comes just weeks after the company announced its October to December quarter results, which revealed that its total headcount fell by 4,473 employees. Wipro Layoffs 2024: Indian Multinational IT Firm Likely To Cut Hundreds of Mid-Level Jobs To Improve Margins.
On suing former executives who left to join rivals, MD & CEO Thierry Delaporte says there are legal obligations to be kept by employees, which is the case across industries.
Wipro's Chief Financial Officer, Jatin Dalal said that 92 percent of freshers decided to join the company at the low salary offer in order to fast-track the onboarding process. Wipro had announced slashing freshers' pay by 50 percent in February.