35% Pay-Cuts In Wipro From April

With the recession effects slowly increasing, more and more companies are getting slowly sucked into it and have been coming up with defensive measures to feel the minimum heat. Now, there is news about the major giant Wipro which has always been considered as the safest bet for employees.
It is now being said that the company has decided to go in for salary cuts and if new is to be believed then starting this April, the salaries will be going down by 35% from the existing pays. However, this is the highest meridian so the rest will have a cut anywhere between the range of 20%-35%.
This move is being seen across as a cost saving measure and inside reports say that the employees have no qualm in this new development since they feel that having a job is more than enough at this point of time. However, there are those who are feeling the pinch of it due to their financial commitments and other liabilities.
 
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