At least forty senior and middle-level managers at Wipro - the country's third-biggest tech firm undergoing a rejig under the new CEO, TK Kurien - have quit over the past few weeks, as the company attempts to create a leaner organisation focused on fewer strategic bets.
People familiar with these exits told ET that those leaving Wipro include at least half a dozen senior officials across business units, several general managers apart from few dozen junior managers.
Having scrapped the joint CEO model, Wipro plans to do away with any redundancies that existed because of different teams reporting to the two CEOs. Moreover, closer alignment of business units with sales and delivery teams means several overlaps in managers involved with these functions.
'It was always coming - the good thing is that there are enough opportunities this year,' said a person who quit Wipro a few weeks ago. He requested anonymity.
Wipro's attempts to create a more focused organisation better equipped to fend off rivals such as Cognizant is expected to help the company regain lost ground and make substantial progress in markets like healthcare that offer multi-billion business opportunities.
In a year when new business is not hard to come by, companies such as Wipro are realigning their strategic bets. They are putting the best talent to execute their plans
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