Senior Wipro executives flood job market with CVs

BANGALORE: A regime change is always an unsettling time for the troops. Wipro which last quarter named a new CEO and drastically altered the way it does business, is seeing a huge churn among its senior staff. By one reckoning almost a fifth of its 500 senior executives (in the 15 to 20 years experience category) have either quit or are looking for new jobs.

According to head-hunting and recruitment agencies, dozens of vertical /domain and business heads of Wipro have started floating their resumes to explore options outside the company.

A head-hunting firm in the city has received 52 job applications from Wipro employees in the 8-20 years of experience range in the last a month. Another recruitment firm has received 18 applications from senior Wipro execs with 8-15 years of work experience while yet another recruiter said his firm has received six exploratory calls from senior Wipro professionals in the last one week.

Some 40 people, including verticals/ business unit heads and general manager, have already quit the company in the past few weeks. That means, nearly 100 of the company's 500 senior exces have either quit or are looking at newer pastures. When contacted, a Wipro spokesperson declined to comment.

"There is an element of uncertainty and fear. Some pressure is mounting internally and heads are asked to show the money," said a leading IT recruiter.

Sharp exchanges at PAC meet

Sharp exchanges and differences of opinion in the Public Accounts Committee on Friday forced cancellation of Saturday's scheduled meeting at which Cabinet Secretary K.M. Chandrasekhar and Principal Secretary to the Prime Minister T.K.A. Nair were to depose.

Congress and DMK members of the PAC questioned the need for their deposition before the committee since a Joint Parliamentary Committee had been set up to specifically look at allegations related to the 2G spectrum.

The heated exchanges forced CBI Director A.P. Singh to wait outside the meeting venue at Parliament House for several hours before leaving without being called to depose. Attorney General G.E. Vahanvati, who was scheduled to appear in the afternoon, did not turn up as by then the PAC had decided to postpone his deposition. However, Law Secretary D.R. Meena, who also waited for several hours, did appear briefly.

The “office of PAC' had sent out some “questions” to journalists Barkha Dutt and Vir Sanghvi, who figured in the tapped conversations with corporate lobbyist Niira Radia. It seems the two have not yet got back to the PAC.

Some PAC members also found it odd that while editors Vinod Mehta of Outlook and Manu Joseph of Open were questioned by the PAC for publishing the Radia tapes, journalists allegedly used by Ms. Radia to further corporate objectives related to 2G were merely sent questions.

After every previous meeting of the PAC, Chairman Murli Manohar Joshi briefed the press. But not on Friday. The meeting decided there would be no briefing and Mr. Joshi simply walked away.

Earlier, some members had informally pointed out that contrary to the practice of the former PAC chairmen when deliberations were kept confidential till the finalisation of the report, Mr. Joshi had been calling press conferences after every meeting.

It was decided to hold the next PAC meeting on April 21. But, no one will depose that day as it is an “internal meeting” to sort out differences and arrive at some agreement on when and how to begin finalising the report.

It will also take a decision on calling more witnesses, including the Cabinet Secretary and the Principal