Wipro rejigs structure, to seek growth outside US

Wipro on Thursday announced significant changes in its operating model, organization structure and market focus.

In a note to employees, CEO Thierry Delaporte said for long the company had been largely dependent on the US market. Going forward, it would have a broad-based approach and the new operating model would drive growth from non-US markets. The US currently accounts for 58% of Wipro’s revenues, and Europe 25%. The company’s current delivery structure with multiple units will be replaced by a delivery model with an eye on economies of scale.

“Effective January 1, 2021, we will replace the current structure of seven strategic business units, service lines and nine geographies with four strategic market units (SMUs) and two global business lines (GBLs),” he said.

The four SMUs would comprise Americas 1, Americas 2, Europe and Asia Pacific Middle East Africa (APMEA). While Americas 1 and Americas 2 are organized by sectors, Europe and APMEA are structured by geography, Wipro said.

Mr. Delaporte said Srini Pallia will lead Americas 1, Angan Guha Americas 2, N. Bala will oversee APMEA while the leader for Europe will be named in the coming weeks. “They will be supported by a Chief Growth Officer,” he added. While one GBL covers engineering and application services, the other includes Cloud and digital operations.

.

Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

COVID-19 boost for GSI’s training institute

Hyderabad-based GSITI saw more than 200% increase in its training programmes over the average figure during pre-pandemic years The COVID-19 pandemic has been a...

Congress leader in Uttarakhand blames ‘BJP sleeper cells’ for differences in...

Amid infighting in the Congress unit in Uttarakhand over the leadership under which the party will fight 2022 assembly elections, deputy leader of Opposition...

More Articles