IT giant, Wipro experienced a significant reduction in its female workforce, decreasing to 82,595 employees in fiscal year 2024 from 90,721 the previous year—a decline of 8,126 employees, as reported in the company’s annual report.
The decline in Wipro’s female workforce aligns with an overall reduction in their total employee count, which decreased by 24,516 year-on-year to reach 234,054 by March 31.
This downturn mirrors broader industry trends, where Wipro has seen consecutive quarterly declines over the past five quarters, contrasting with previous years of consistent growth.
The company’s shift reflects broader economic adjustments and strategic realignments within the technology sector, impacting their workforce composition and overall operational dynamics.
Wipro is not alone in grappling with workforce diversity challenges. Its peer companies like Infosys and Tata Consultancy Services (TCS) have also faced a drop in their female workforce numbers and overall headcounts amid evolving market conditions and strategic priorities.
| Total Headcount | ||||
| Company | Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 |
| TCS | 6,15,318 | 6,08,985 | 6,03,305 | 6,01,546 |
| Infosys | 3,36,294 | 3,28,764 | 3,22,663 | 3,17,240 |
| Wipro | 249,758 | 2,44,707 | 2,40,234 | 2,34,054 |
| HCL Tech | 223,438 | 2,21,139 | 2,24,756 | 2,27,481 |
In fiscal year 2024, Infosys reported a decline in its female workforce, reducing by 10,786 to reach 124,569 employees.
Similarly, TCS saw its female workforce decrease by approximately 6,000 employees to 214,000 during the same period.
| Company | Drop in Female Headcount in FY24 |
| TCS | 6,000 |
| Infosys | 10,786 |
| Wipro | 8,126 |
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Meanwhile, Infosys’ overall workforce decreased by 25,994 employees to 317,240, while TCS’ total headcount stood at 601,546, marking a decrease of 13,249 employees compared to the fiscal year 2023.
During FY24, Infosys, TCS, and Wipro collectively faced a substantial drop in their workforce, totaling 63,759 employees.
This shift contrasts sharply with the hiring surge witnessed in the post-pandemic recovery phase, reflecting adjustments in response to evolving market dynamics and strategic recalibrations within the IT industry.
According to experts, the decline in female headcount is due to several factors, including the diminishing impact of pandemic-driven hiring surges and a move away from remote work models. These shifts reflect broader adjustments in corporate strategies and workforce management practices within the IT sector.
Analysts also believe that in the IT industry, women leave jobs due to workplace culture issues, gender discrimination, and limited career growth. These challenges persist despite efforts to promote diversity and inclusion.
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