Wipro Defers Salary Hike Decision Due to Subdued Demand Environment

Wipro has not yet announced salary hikes for its employees this fiscal year, as per news reports. According to Chief Human Resources Officer Saurabh Govil, any potential hikes will be decided based on how the demand environment evolves. Last year, salary increases were rolled out from September 1, 2025.

IT Sector Remains Cautious

The uncertainty in global markets, driven by tariff tensions, geopolitical disruptions, and a weak demand cycle, has prompted Indian IT firms to proceed cautiously on compensation. TCS, India’s largest IT company, has also not announced salary increments for its over 600,000 employees this fiscal, an unusual move for the firm.

Despite delaying salary hikes, Wipro has paid out over 90% of variable pay to employees for the past 2 quarters. This comes as the company continues to navigate slower project ramp-ups and cautious client spending.

Headcount and Hiring Trends

As of June 30, 2025, Wipro’s total headcount stood at 233,232, reflecting a net decline of 114 employees from the previous quarter. Hiring activity remains subdued amid project uncertainty and macroeconomic pressures. The company recruited around 10,000-12,000 fresh engineering graduates last fiscal but has not disclosed hiring plans for the current year.

Attrition and Utilisation Metrics

As per the reports, Voluntary attrition rose slightly to 15.1% from 14.1% a year ago, while employee utilisation (excluding trainees) stood at 85%. Govil noted that while attrition is elevated in niche skill areas and among GCCs and start-ups, it still falls within manageable levels. The company is working to retain talent in these critical areas.

Read More: Wipro Posted Q1 FY26 Results & ₹5 Dividend Announced!

Wipro Share Price Performance 

As of 11:33 AM on July 18, 2025, Wipro share price was trading at ₹267.80, a 2.76% increase.

Conclusion

Salary hikes and fresh hiring decisions at Wipro remain dependent on business visibility. The company continues to monitor macroeconomic conditions before finalising compensation plans. Variable pay has remained consistent despite caution.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.