Why Wipro is in a state of crisis?
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India's fourth-largest software services firm, Wipro, faces weak growth, declining headcount, and subdued numbers for the third consecutive quarter. On September 21, the company announced the resignation of CFO Jatin Dalal. This raised concerns about Wipro's turnaround struggle under CEO Thierry Delaporte and caused disquiet among analysts and company trackers. The company has now appointed Aparna C. Iyer as its new CFO, effective immediately.