Corporate Updates

Wipro on for salary hike across board

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Tech giant Wipro has assured employees of its IT business salary hikes across the board after completing some organisational changes which it had earlier planned. “The operating plan for the businesses has been completed. Continuing our design principle on having a single axis, we took advice from an external strategy consulting firm to finalise how to goal service lines and business units. This is now ready and will be shared with the leadership teams by next week,” TK Kurien, the new CEO, said. “A cross-functional team is working on the data review and structure finalisation to migrate all our data to the new organisation structure by middle of April,” he added. He also said that he would update the employees on the timing for salary increase process for the IT business by the first week of April. In a bid to catch up with peers and improve its topline growth which has been lagging peers, the company had announced during its third quarter results that it will align itself to create a “bolder, simpler and leaner” organisation. Wipro discarded its joint CEO model and appointed Kurien as the sole CEO earlier this year.

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