We have no plans to lay off any employee due to pandemic: Wipro chairman Rishad Premji

Premji, who took charge in July last year, was addressing his first annual general meeting (AGM) as the Chairman of Wipro. Wipro, like other Indian IT services companies, have reduced new hiring in the wake of the pandemic induced slowdown across ...

Wipro has no plan to lay off workers due to pandemic: Rishad Premji
BENGALURU: IT services provider Wipro has not laid off any employee and has no retrenchment plans despite the Covid-19 pandemic’s impact on business, chairman Rishad Premji said on Monday.

Premji, who took charge in July last year, was addressing his first annual general meeting (AGM) as chairman.

The statement comes at a time when industry analysts have expressed worries over possible layoffs at various IT companies, as clients cancel or defer projects.

Wipro, like other Indian IT services companies, has reduced hiring as the pandemic has slowed economies across the world.

“Enterprises (due to the Covid-19 pandemic) will fundamentally evaluate their technology capacity and investments so that it enables them to operate with flexibility and agility, and work with partners who can respond and adjust quickly to changing circumstances,” Premji told shareholders at the 74th AGM.

Wipro is ideally placed to leverage and enable these transformations – both with businesses and with individuals, he added.

Premji said the company had made significant investments in Digital, Cloud, Cybersecurity and in Engineering capabilities.

“In March, at the early onset of Covid-19, we triggered our business continuity plans and enabled work from home for about 93% of our employees across the world...In these past few months, we have settled well into this new way of working and our focus remains on making our clients successful,” said Premji.

“I also believe that some of these changes will forever transform how we work in the future,” he added.

Thierry Delaporte, chief executive officer and managing director of Wipro, said he was “hoping to finalise the plan to drive improvements across all spheres” to achieve industry leading growth.

“Profitable growth will be the most important priority on my agenda. We will do everything to regain momentum in the marketplace. Building on our strong foundation, we will make bold bets and stretch goals. We will aim to drive a high-performance culture even as we steadfastly hold to our cherished values,” Delaporte told shareholders.
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