Meta scales back outsourcing work with Wipro, cutting about $25 million in annual revenue
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Meta's decision to pull back roughly $25m of outsourcing work from Wipro, alongside Wipro's reported loss of up to $100m in annual revenue from Estée Lauder, underscores worsening demand and AI-driven insourcing pressures across the IT services sector. The news highlights margin and utilization risk as vendors face slower project execution and automation-led productivity gains, reinforcing a cautious tone for services and outsourcing-linked equities.
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⚠️ AI سے تیار کردہ تجزیاتی سمجھ خبروں کے مواد پر مبنی ہے اور صرف معلوماتی مقاصد کے لیے فراہم کی گئی ہے۔ یہ سرمایہ کاری کا مشورہ نہیں ہے اور نہ ہی BingX کے خیالات کی نمائندگی کرتی ہے۔ سرمایہ کاری میں رسک شامل ہے۔ براہ کرم ذمہ داری سے ٹریڈ کریں۔
Meta has trimmed its outsourcing engagement with Wipro, reducing the IT services firm’s annual revenue by about $25 million. In fiscal year 2026, Wipro generated about $100 million in annual revenue from Meta, placing the social media company among its top 20 clients. Wipro ended last year with $10.5 billion in revenue, down 0.3% year on year. The company has also lost up to $100 million in annual revenue after Estée Lauder shifted work to Accenture, according to a Mint report dated 3 March.
