Restructuring At Wipro Starts: Veterans Will Quit, Strategic Business Units Reduced To 4
One of India’s leading IT service provider, Wipro, has announced a huge restructuring plan under the leadership of the new CEO, Thierry Delaporte.
Under the new restructuring plan, a new leaner organization will be implemented at the company.
Read on to find out what will change at the Indian multinational, right here!
CEO Of Wipro Announces Restructuring; Veterans Will Quit?
The CEO of Wipro, Thierry Delaporte, has been newly appointed on July 6, 2020, and this will be the first restructuring exercise under his leadership.
However, this will commence with two legends of Wipro retiring from the company over the next few quarters – president Anand Padmanabhan and its COO Bhanumurthy. Also, Milan Rao and Bill Stith will transition from the company by December 31, 2020.
The restructuring of the company is aimed at simplifying the present organizational structure and driving growth in all markets beyond the US.
In the email sent to employees, Delaporte said, “It is imperative that we change and improve how we are organised and how we operate so as to realise our ambitions. For long now, our growth has been largely dependent on the US market. It is important that we broad base our growth.”
As per Delaporte, the new model will be designed so that it will help boost the business in the non US markets along with making sure that there is appropriate sector and domain focus in the go-to-market and execution.
New, Simple Delivery Model To Replace Current Complex Model; SBUs To Reduce To 4
He has also announced that a new simple delivery model that will bring in economies of scale will be implemented and the delivery system that is in place right now will be discarded as it is quite complex.
As of now, there are seven Strategic Business Units, Service Lines and nine geographies. As per reports, these will be replaced with four Strategic Market Units (SMUs) and two Global Business Lines (GBLs) from January 1, 2021.
The four Strategic Market Units are Americas 1, Americas 2, which will be organized by sectors, Europe, and Asia Pacific Middle East Africa (APMEA), which will be structured by countries.