Tech3 | Wipro's salary shocker irks candidates; WazirX bows out of NFTs; and more
moneycontrol.com
Know the economy through Moneycontrol, India’s No.1 financial portal. Tune in for exclusive and breaking news
One interesting thing: Infosys co-founder Narayana Murthy says he is not comfortable visiting the national capital . The reason? He believes that Delhi is the one city where "indiscipline is highest."
"I came from the airport yesterday and so many cars and motorbikes violating the red light signal without a single care. If we can't even wait a minute or a day just to move forward, do you think those people will wait if there is money (involved)? Of course they won't wait," Murthy said.
In today’s newsletter:
The albatross around Wipro’s neck
From the frying pan to the fire
This phrase probably describes Wipro's current situation. The IT firm was already under fire from a set of freshers for cutting down their salary offers , but this move appears to have made matters worse for the Bengaluru-based company.
领英推荐
What happened? Freshers who were offered a salary of Rs 3.5 lakh per annum (LPA) are questioning why they are being made to wait while other candidates who initially had higher offers are being given the option to join the company at the same Rs 3.5 lakh package.?
Why are freshers angry?
Candidates say they have completed unpaid internships, were given offer letters in January 2022, and some even got an onboarding date in June 2022. However, this has now been indefinitely delayed.?
“They gave us false hope that they are going to honour the OLs (offer letters) they issued…We kept on believing they are going to onboard one day or another and even after 8 months they still don't have any answer. They doomed us,” a candidate told us.
Light at the end of the tunnel? Not yet
Hope has given way to despair as candidates' problems continue to mount: unpaid education loans, a gap in work experience as peers pull ahead, no jobs in the current market, and remorse over offers they had to turn down.
Troubles mount
As more candidates face an uncertain future, a Pune-based IT employees union has also approached the Labour Ministry . It has claimed that this is unethical, a clear violation of the terms of the offer letter, and a breach of contract.
This is a short version of MCTech3 newsletter. Sign up here to get the full edition in your inbox every evening on weekdays.?
Licenciada en Comunicación Social | Community Manager |
1 年We find this article extremely interesting and we would like to share the https://livelyverse.io/ land page with you! If you register and follow us on our social networks, you will receive an airdrop of free tokens that we will launch soon. Don't miss this opportunity to join our community and get rewarded! ! ??
--
1 年Very good
Data enthusiast
1 年I am glad the issue is being taken to the labour ministry. Students, fresh out of college, go through enormous anxiety because of these unethical practices by large enterprises. We don't want these young minds, just about to start their career, to be disillusioned. MNCs are good at dangling carrots. Time the colleges and universities came together to put policies, procedures and continuous monitoring in place, for campus recruitments. If colleges aren't too focused on 'bragging' about how many students got placed in campus interviews and in which companies, we wouldn't be in such a situation. The labour ministry should even prohibit colleges from publishing such statistics as their marketing material. ????