According to Telangana Today, IT giant firms like Wipro, Infosys and Tech Mahindra have reportedly revoked offer letters given to freshers. Moreover, it is known that these companies delayed their joining by nearly three-hour months.
According to the news first reported by Business Line, hundreds of freshers were given offer letters but first the joining of those candidates were postponed and finally, their offer letter was revoked. Furthermore, emails were sent by these companies to the freshers whose offer letters were rejected.
Earlier, the students received the offer letters after attending several rounds of interview and rigorous selection process.
One of the emails read, ““It has been identified that you are not meeting our academic eligibility criteria. Hence your offer stands null and void.”
However, none of the companies have created yet.
Apparently, this development is due to the global macroeconomic conditions amid recession fears and rising inflation. Sadly, the Indian industries and the IT/tech do not have the immunity to such drastic situations.
Experts have earlier said that the momentum in the Indian IT industry would slow down further in times to come.
TCS earlier postponed variable pay to its employees while Infosys reportedly slashed it to 70 per cent and Wipro deferred it completely.
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