Busines Today
- May 5

Wipro CFO says 90% new recruits have accepted to join company at half salary

Wipro, the Indian IT services company, was all over the headlines in February when it announced a 50 per cent reduction in salary packages for freshers. The company had initially offered Rs 6.5 lakh per year to the new recruits but cited a "changing macro environment" as the reason for the decision to cut salaries. The move was criticized, with many questioning the ethical implications of such a decision.

However, according to Wipro's Chief Financial Officer, Jatin Dalal, 92 per cent of the freshers opted to join the company at the lower compensation offer in order to fast-track the onboarding process.