Wipro cuts salary offers to freshers awaiting onboarding; IT union NITES slams move as 'unfair'
The Hindu
Wipro's decision reflects the global macro economic uncertainties and the challenges in the demand environment for tech companies, say market watchers
Wipro's move to cut salary offers to freshers awaiting onboarding by almost 50% under one programme has been termed "unjust" and "unacceptable" by employees union NITES, which demanded that the IT company should reconsider its decision.
Wipro's decision reflects the global macro economic uncertainties and the challenges in the demand environment for tech companies, say market watchers.
The Bengaluru-headquartered IT services major, Wipro, recently reached out to candidates to whom it had earlier rolled out an offer of ₹6.5 lakh per annum (LPA), and asked them if an offer of ₹3.5 in annual compensation would be acceptable to them, instead. These candidates were reportedly waiting to be onboarded.
IT sector employees union NITES has slammed the move, saying the decision is "unjust" and "goes against the principles of fairness and transparency". NITES has demanded that the management reconsider its decision and engage in meaningful dialogue with the union to find a mutually beneficial solution.
Wipro, in a recent communication to candidates who have successfully completed Velocity training programme, said: "Like others in our industry we continue to assess global economies and customer needs which factor into our hiring plans. We appreciate your commitment and patience as we try to identify joining opportunities for you."
Wipro went on to say that "currently we have certain project engineer roles available for recruitment with annual compensation of ₹3.5 lakh. We would like to offer all our Velocity graduates in FY23 batch an opportunity to opt for these roles."
When contacted on the issue, Wipro in response to an e-mail query said: "In light of the changing macro environment and, as a result, our business needs, we had to adjust our onboarding plans."