Wipro attrition falls to 13.8%, headcount inches up by 136
Wipro, India’s fourth-largest software services exporter, reported a decline in attrition to 13.8% from 14.2% in the fourth quarter on Thursday.
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.
Also Read: TCS Nashik office staff asked to work from home amid ongoing investigation
Wipro financials
Wipro reported a 1.6% decline in revenue for FY26 in constant currency terms, broadly in line with TCS, as geopolitical uncertainties, AI-led disruptions and slower deal ramp-ups weighed on performance.
The Bengaluru-headquartered firm posted annual revenue of $10.48 billion for the year ended March 31.
For the fourth quarter, revenue rose 7.7% year on year and 2.9% sequentially to Rs 24,236 crore. Net profit declined 1.9% from a year earlier to Rs 3,502 crore, although it increased 12.2% compared with the previous quarter.
Meanwhile, TCS reported its first annual revenue decline since listing, with a 2.4% drop in constant currency terms, due to AI-led disruptions.
While companies have not yet seen any significant revenue impact from the ongoing West Asia conflict, some caution has been factored in should the situation persist.
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.
Also Read: TCS Nashik office staff asked to work from home amid ongoing investigation
Wipro financials
Wipro reported a 1.6% decline in revenue for FY26 in constant currency terms, broadly in line with TCS, as geopolitical uncertainties, AI-led disruptions and slower deal ramp-ups weighed on performance.
The Bengaluru-headquartered firm posted annual revenue of $10.48 billion for the year ended March 31.
For the fourth quarter, revenue rose 7.7% year on year and 2.9% sequentially to Rs 24,236 crore. Net profit declined 1.9% from a year earlier to Rs 3,502 crore, although it increased 12.2% compared with the previous quarter.
Meanwhile, TCS reported its first annual revenue decline since listing, with a 2.4% drop in constant currency terms, due to AI-led disruptions.
While companies have not yet seen any significant revenue impact from the ongoing West Asia conflict, some caution has been factored in should the situation persist.
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