Wipro Slashes FY26 Fresher Hiring Target by 20% Amidst Business Headwinds

• Wipro has reduced its FY26 fresher hiring target to 7,500-8,000 from the initial 10,000.
• Chief Human Resource Officer Saurabh Govil stated that over 5,000 freshers have already been hired this fiscal year (Q3FY26).
• The moderation in hiring is attributed to a seasonally weak quarter in the Americas and soft healthcare vertical performance.
• Despite hiring adjustments, Wipro's large-deal bookings grew over 20% year-on-year, with AI-related work driving new deals.
• Wipro reported a consolidated net profit of Rs 3,119 crore for Q3FY26, a 4% QoQ and 7% YoY decline, impacted by cost pressures.

Why It Matters: Wipro cuts FY26 fresher hiring target due to market uncertainties, despite strong large-deal bookings.