MACRO INTELLIGENCE MEMO

Wipro: Thierry Delaporte's Leadership Under Siege

DATE: June 2030 | SUBJECT: CEO Crisis Management Failure | CLASSIFICATION: C-Suite Edition

EXECUTIVE SUMMARY

Thierry Delaporte, Wipro CEO appointed in 2020 with transformation mandate, faced company collapse during AI disruption.

Delaporte inherited company from prior CEO Abidali Neemuchwala (2016-2019) with mandate to "differentiate through transformation." The mandate proved impossible to execute during AI disruption.

CRISIS DECISIONS (ALL REACTIVE)

1. Guidance cuts (Q1 2029 through Q2 2030)
2. Five successive guidance cuts
3. Destroyed investor confidence

4. Each cut triggered stock decline

5. Layoff announcements (Q3 2029 through Q2 2030)

6. 89,000 layoffs across four rounds
7. Progressively larger announcements

8. Signaled loss of control

9. Dividend cut (Q1 2030)

10. Cut 60%
11. Preserved capital but signaled distress

STRUCTURAL PROBLEMS

Delaporte faced challenges exceeding CEO control:

1. Company scale — Too small to absorb AI disruption effectively
2. Service mix — 76% of revenue in AI-vulnerable services (highest among Big 4)
3. Brand positioning — Perceived as lagging behind TCS/Infosys in brand strength
4. Transformation maturity — Pre-crisis transformation incomplete when disruption hit

RESULTS

By June 2030: - Stock: -67% - Market cap: $5.2B - Company 52% of 2028 size - Multiple guidance cuts destroyed credibility - Leadership exhausted

Delaporte's challenge: Company scale insufficient for transformation required. CEO execution good, but structural factors beyond control.

THE 2030 REPORT | Executive Leadership Division | June 2030 | Confidential