<ul><li>Wipro, one of India's leading IT services companies, is reportedly laying off hundreds of mid-level employees as part of its 'Left-Shift' strategy to improve margins.</li><li>The move comes after Wipro acquired consulting firm Capco for $1.45 billion in 2021. The company aims to address its margin and profitability challenges, with its December quarter margin standing at 16%, lower than its peers.</li><li>The job cuts are focused on mid-level executives onsite, especially in Capco, where expensive resources are being rationalized. Wipro's CEO, Thierry Delaporte, faces the challenge of balancing margin improvement and growth amid conflicting goals.</li></ul>

Wipro to lay off hundreds of mid-level employees to improve margins: Report

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