Srinivas pallia wipro articles
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srinivas pallia salary: Wipro’s new CEO Srinivas Pallia to get max pay of $7 million
Wipro’s new CEO and MD, Srinivas Pallia, will receive a maximum compensation of $7 million per annum for the first two years, including a cash compensation that may range from a minimum of $1.75 million and a maximum of $3 million per annum.The IT major in a filing with BSE also said that the former CEO, Thierry Delaporte will be paid $4.33 million in the form of cash compensation and applicable social security contributions, subject to appropriate deductions. Meanwhile another exchange filing...
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New Wipro CEO Srinivas Pallia reveals his five point plan to revive company’s growth
New Wipro chief executive, Srinivas Pallia who has just completed two weeks at his office, revealed his strategy to revive growth at the fourth-largest IT service major. After taking over the charge, he spoke to media for the first time during the announcement of Q4 earnings.Pallia, who has been with Wipro for over three decades, said, during the Q4 earnings that the building blocks are firmly in place, and he is committed to build on this. “While I remain optimistic about the long term, it is...
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Wipro headcount falls by 9.5% in FY24
The fourth largest Indian IT service firm, Wipro saw its headcount decline by 9.5 % in the fiscal 24. This is the third time in a decade that the IT major saw a full-year decline in its headcount, by ending the fiscal at a lower number compared to the start of the year.Wipro started the fiscal 24 with a total headcount of 2,58,570. It ended the financial year with a total strength of 2,34,054 employees, down by 24,516 employees. This is also the sixth quarter in a row where closing headcount has...