ArdorComm Media News Network
April 20, 2026
Wipro reported a modest improvement in employee retention, with attrition declining to 13.8% in the fourth quarter from 14.2% previously. However, hiring momentum remained subdued, as the company added just 136 employees between January and March, taking its total workforce to 242,156.
This comes after a significantly stronger December quarter, during which the company onboarded over 6,500 employees. Wipro stated that its hiring strategy is now more tightly aligned with project demand, reflecting a cautious approach in a volatile business environment.
The company had earlier revised its fresher hiring target for FY26 downward to 7,500–8,500 from the initially planned 10,000. It ultimately hired 7,500 fresh graduates during the year but refrained from offering hiring guidance for FY27, citing ongoing uncertainty.
Meanwhile, rival Tata Consultancy Services (TCS) reported a notable decline in its overall workforce for FY26, ending the March quarter with 584,519 employees—a reduction of over 23,000 compared to the previous year. Despite a slight increase in attrition, TCS added more than 2,000 employees sequentially and indicated that its restructuring phase has concluded. The company also signaled plans to ramp up campus hiring going forward.
On the financial front, Wipro posted a 1.6% drop in annual revenue in constant currency terms for FY26, mirroring broader industry trends impacted by geopolitical tensions, slower deal ramp-ups, and disruptions driven by artificial intelligence adoption. The company’s total revenue stood at $10.48 billion for the fiscal year ending March 31.
For the fourth quarter, Wipro reported revenue of ₹24,236 crore, marking a 7.7% year-on-year increase and a 2.9% sequential rise. Net profit declined marginally by 1.9% compared to the same period last year to ₹3,502 crore, though it registered a 12.2% increase on a quarter-on-quarter basis.
TCS also reported its first annual revenue decline since listing, with a 2.4% drop in constant currency, attributing the slowdown partly to AI-led shifts in the industry.
While ongoing tensions in West Asia have not yet materially impacted revenues, companies remain cautious and are factoring in potential risks if the situation persists.
Source: Economic Times