Wipro: 2,453 jobs cut
Wipro is facing significant revenue loss as Meta has reduced its outsourcing engagement by at least 25% due to an AI-led overhaul in its digital marketing operations. This marks a substantial shift in Wipro's business relationship with one of its largest clients, impacting its expected annual revenue from Meta.
Conservative
2,453
Core Estimate
2,453
Upper Bound
2,453
Sources
AI disruption hits Wipro as Meta trims outsourcing engagement | Company Business News
AI disruption hits Wipro as Meta trims outsourcing engagement | Company Business News # AI disruption hits Wipro as Meta trims outsourcing engagement 4 min read3 Aug 2026, 05:55 AM IST Wipro ended FY26 with $10.5 billion in revenue, down 0.3% year-on-year, while the company expects Q2 FY27 revenue to decline towards the lower end of its -1.5% to 0.5% guidance range.(REUTERS) Summary In FY26, Wipro generated about $100 million in annual revenue from Meta, which is among the IT services compa