Synopsis
Wipro reported a slight decrease in attrition to 13.8% and a significant slowdown in hiring, adding only 136 employees in Q4 FY26. This comes as the company's annual revenue declined 1.6% in constant currency terms, mirroring rival TCS's performance amidst geopolitical uncertainties and AI disruptions.Listen to this article in summarized format
After a net addition of 6,529 employees in the December quarter, the company added only 136 staff between January and March, taking its total headcount to 242,156. Hiring is now closely aligned with project demand, it said.
The company had earlier reduced its fresher hiring target for FY26 to 7,500–8,500 from 10,000. While it ultimately hired 7,500 freshers during the year, it did not provide hiring guidance for FY27, citing a “volatile environment”.
Meanwhile, rival Tata Consultancy Services (TCS) reported a sharp fall in its workforce for FY26. The company ended the March quarter with 584,519 employees, down 23,460 from the previous year. It reported a slight uptick in employee attrition for the fourth quarter of FY26, even as the company added over 2,000 employees sequentially.
Despite this, TCS has indicated that its restructuring phase is over and outlined plans for aggressive campus hiring while announcing its Q4 FY26 results on April 9.
