Wipro's attrition rate soars in third quarter
Thursday, 22 January 2009, 14:55 IST
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Bangalore: India's third largest IT bellwether lost more employees than it could hire during the third quarter this fiscal, a senior executive admitted Wednesday. "Yes, our net addition of employees was less than gross addition in the global IT services and products business due to slowdown and attrition in the third quarter compared to second quarter," Wipro human resources head Pratik Kumar told IANS here. The IT services business (Wipro Technologies) lost 1,092 software engineers and the business process outsourcing (BPO) services 226 people during the quarter under review. The impact of such a high attrition quarter-on-quarter was, however, neutralised by Wipro Infotech, the IT products business, which added 731 people in the third quarter. "The total number of IT employees has declined by 587 to 96,965 in the third quarter from 97,552 in the second quarter. This is in contrast to net addition of 1,877 in second quarter this fiscal and 3,095 in the third quarter of the last fiscal," Kumar said. According to the operating metrics pertaining to global IT services segments, voluntary attrition was 11.9 percent and involuntary two percent in the third quarter, as against 11 percent and 2.5 percent respectively the previous quarter. Of 96,965 employees, 60,605 are in IT services and 21,578 in BPO services business, while 14,782 are in IT products business. Wipro does not disclose the number of employees in its non-IT divisions such as consumer care and lighting.
Source: IANS
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