For the first time in six quarters, IT services company Wipro’s net headcount increased in the June quarter. The company added 337 employees in April-June, taking its total headcount to 234,391. This comes after a year-on-year decrease in total headcount for FY24.
Further, Wipro’s attrition rate declined marginally to 14.1% on the last-twelve-month (LTM) basis in the quarter ended June against 14.2% reported in the last quarter.
The company said it onboared 3,000 freshers in Q1 and plans to hire 10,000-12,000 freshers in FY25. “We have started, after a break of a year, onboarding freshers from campus. We have onboarded 3,000-odd people in this quarter,” Saurabh Govil, chief human resources officer of Wipro said.
Employee utilisation rose to a multi-year high of 87.7% from 86.9% in January-March. “We have seen the utilisation going up every quarter. We can believe this is the right time for us to look at the supply side, so that we can have much better conditions,” he added.
Peers Infosys, HCLTech and Tata Consultancy Services (TCS) saw their net headcount fall in the June quarter. Infosys reported a fall of 1,908. HCLTech saw the headcount decline by 8,080 in the quarter ended June, but this included approximately 7,398 employees lost due to the divestiture associated with State Street. TCS added 5,452 employees on a net-to-net basis in April-June, reversing three straight quarters of decline. However, its overall headcount fell by 1,759 sequentially. LTIMindtree was an exception, adding 284 employees sequentially.