Wipro Joins Rivals in Cutting New Hiring as Tech Spending Cools
- Priority goes to those people who already received offers
- ‘This year the environment has changed,’ company says
Employees enter a Wipro Ltd. office in Bengaluru, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Indian tech-services outsourcing firm Wipro Ltd. is planning to hire fewer engineering graduates this year, citing cautious clients that are cutting spending.
Instead of the usual big recruiting push, Wipro said it would first take on people to whom it had already made offers but hadn’t yet brought onboard. India’s fourth-largest software services firm made the comments as it reported decelerating sales in the fiscal second quarter and net income that missed analysts’ estimates.