Wipro, a prominent IT company in India, is halting campus recruitment for the fiscal year 2027, according to Chief Human Resource Officer Saurabh Govil, who mentioned the situation is characterized by significant volatility. In contrast, the organisation had brought on board 7,500 fresh graduates in FY 26, indicating a shift in its recruitment strategy as it responds to evolving demand and enhanced AI efficiencies.
During a recent press briefing, Govil indicated that there is no set target for hiring fresh talent in the upcoming fiscal year, stating that it entirely depends on market demand which remains quite unpredictable. Decisions regarding recruitment will be guided by trends in demand.
Despite the pause in fresher recruitment, Wipro announced a slight increase in its total workforce, adding 135 employees, resulting in a total headcount of 242,156. There is also a noticeable decline in employee turnover, with fewer individuals leaving the company over time.
Also read: Wipro adds 135 employees in Q4, attrition eases to 13.8%
Reports indicate that Wipro’s attrition rate, representing employees who are leaving, is steadily decreasing. It was recorded at 15.1% in June, reducing to 13.8% in March. Nevertheless, the overall workforce utilisation has seen a decline. Previously, utilisation rates stood at 86.4% in Q2, falling to 83.5% in Q4.
In terms of financial results for Q4, Wipro achieved a net profit margin of 12.3%, with total revenues amounting to Rs 3,501.8 crore. However, there was a year-on-year decrease in net profit by 1.9% from Rs 3,569.6 crore recorded a year earlier.
In contrast, Tata Consultancy Services (TCS) recruited over 25,000 individuals in FY25 and indicated intentions to hire more depending on industry needs. These differing strategies underscore the diverse paths that IT firms are taking as they navigate a volatile market, increasingly integrating AI into their business models.