Wipro Postpones Campus Recruitment Amid Shift to Artificial Intelligence

Wipro Postpones Fresher Hiring Target Amid AI Shift

IT services exporter Wipro has chosen not to set a target for fresher hiring for the financial year 2026-27, citing a volatile environment due to the shift towards artificial intelligence. This decision comes after the company added 7,500 freshers from campuses across the country in the previous fiscal year.

Wipro's Chief Human Resource Officer, Saurabh Govil, stated that the company will reassess its hiring needs once demand picks up. The Bengaluru-headquartered firm currently employs 242,156 employees, a marginal increase of 135 employees from the previous quarter.

Headcount Picture

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The company's total headcount has risen marginally, with a net employee addition of 135 employees in Q4FY26. This follows the addition of 6,529 employees in Q3FY26, largely driven by fresher onboarding. Attrition for the quarter stood at 13.8 percent, a decrease from 14.2 percent in Q3, indicating a boost in employee confidence.

Wipro's utilisation, excluding trainees, came in at 83.5 percent during the quarter, an increase from 83.1 percent in the preceding quarter. The tepid headcount addition was despite the company's acquisition of Mindsprint, which employed over 3,200 professionals at the time of acquisition.

Q4FY26 Performance

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Wipro's net profit rose 12.3 percent sequentially to Rs 3,502 crore, despite revenue coming in below Street expectations. The company maintained a cautious near-term outlook. The American Depository Receipts (ADRs) of IT major Wipro were trading nearly 2 percent lower on April 16 after the firm reported a slight quarterly revenue miss.

Consolidated sales for India's fourth-largest software firm in the three months ended March 31 rose 2.9 percent quarter-on-quarter to Rs 24,236 crore. Wipro's IT services revenue for the quarter came in at $2.58 billion, up 0.6 percent quarter-on-quarter and 2.1 percent year-on-year. This missed a CNBC-TV18 poll estimate of $2.67 billion. The constant currency growth remained largely flat at 0.2 percent sequentially.

The company's operating margin for the IT services segment stood at 17.3 percent, a decline of 0.3 percentage points sequentially and 0.2 percentage points on-year. Wipro's bookings remained steady, with total bookings at $3.46 billion for the quarter, while large deal bookings surged 65 percent sequentially to $1.44 billion, indicating traction in deal wins despite weak revenue conversion.