Wipro's Annual Revenue from Meta to Drop by $25 Million Amidst AI Overhaul

Meta Platforms cuts outsourced work with Wipro by at least 25%. This reduces Wipro's annual revenue from Meta by about $25 million.

The decision follows an artificial intelligence-driven restructuring at Meta. This restructuring included the shutdown of its digital marketing division.

Wipro's annual revenue from Meta will now be approximately $75 million. This is down from $100 million. Meta was previously one of Wipro's top 20 clients.

This marks Wipro's second significant client-related revenue loss in six months. The development also affects other Meta vendors.