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WIPRO PAY CUTS
Wipro CEO Pallia takes home Rs 49.6 crore in FY26Wipro CEO Srinivas Pallia's compensation decreased to $5.29 million in FY26, while executive chairman Rishad A Premji earned $773,213. The ...- Oracle leaves freshers in limbo; D2C carts go coldHappy Friday! Oracle has started pulling back campus offers from top institutes, leaving students caught in the crossfire. This and more in...
- Inside AI-led digital storefronts; Lalit Keshre’s big ET Awards winHappy Monday! Digital platforms and brands are building their own AI storefronts. This and more in today’s ETtech Morning Dispatch.
- Indian IT pack falls; MeitY’s e-gaming rulebookIndian IT stocks suffered on Wednesday after HCLTech’s weak Q4 numbers. This and more in today’s ETtech Top 5.
- TCS declares Nashik WFH; Wipro Q4 resultsTata Consultancy Services has moved staff to work from home amid an ongoing investigation at its Nashik office. This and more in today’s ET...
- IT CEOs' salary in FY24; Wipro offers 85% variable payHappy Wednesday! Top bosses at some of the country’s leading IT firms took home enhanced salary packages last fiscal. More on this on today...
- Wipro’s Rishad Premji takes pay cut, ex CEO Delaporte takes home $20 mnWipro executive chairman Rishad Premji declined variable pay for the second consecutive year due to negative profit growth. He took a 20% p...
- Wipro chairman Rishad Premji takes 50% pay cut, Delaporte 5%In FY23, Premji received $951,353 (Rs 7.9 crore) in salary, compared with nearly $1.82 million the year before, the company said in its ann...
- Wipro freshers' salary cut: IT union NITES files complaint with labour ministryThis comes after ET reported that Wipro gave a five-day window last week for freshers under the Wipro 'Turbo' package, typically carrying 6...
- Wipro asks freshers awaiting onboarding to take up offers at 50% pay cutThe Bengaluru-based IT major has mailed its Wipro ‘Turbo’ candidates, typically offered Rs 6.5 lakh per annum earlier, the option to take u...
- Indian IT firms cut staff bonuses as US, European clients tighten budgetsInfosys Ltd, India's second-biggest IT company, and smaller rival Wipro recently told their employees they had reduced the variable pay por...
- Seniors at IT firms bear the brunt of variable pay cutsExperts are of the view that its impact is being felt more keenly by mid- and senior-level employees as companies are aware of zooming attr...
- IT attrition may spike again as firms delay performance-linked payoutsThis comes as Wipro last week communicated to employees that mid- to senior-level staff will not receive their variable pay for June-ended ...
- Pune labour commissioner asks Wipro to respond to complaint on employee salary cutsNITES said this went against govt guidelines of not firing people or cutting salaries during the pandemic.
- Indians show 'biggest gap between fantasy and reality', says PwC studyWhile many executives recognise they are not in their ideal job, they are not willing to move if it involves a significant discount in pay.
- IT firms like Infosys, Wipro and TCS cut variable payLarge IT companies have begun to implement marginal cuts in employees' variable pay, an indication of the economic challenges they foresee.
- IT companies to hike variable part in pay amid global worriesVariable component which currently hovers around 15-20 % on an average across all levels will rise to as much as 25-30 % of an employee's g...
- Premji takes pay cut, but hike for others in Wipro top brassWipro had paid a total remuneration of $3,28,556 to its Chairman in FY-09.
- Variable pay cuts may shore up IT cos' bottomlinesEmployee costs account for 50-80% of the total operating expenses and variable pay accounts for 10-15% of the total employee expenses in th...
- Tech cos draw up ways to retain good performersAt a time when most IT cos are reducing employee numbers to cut costs, Wipro, TCS and Infosys are rechanellising their manpower. Office par...
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