Wipro cuts salary of freshers, salary offer reduced by 50%

Wipro has cut the salary offered to freshers waiting to join by almost 50 percent. It is believed that this decision of Wipro reflects the global microeconomic uncertainties and challenges faced by tech companies.

NITES has termed Wipro’s move as unjust and unacceptable. NITES demands that the IT company should reconsider its decision.

Salary offer reduced by 50 percent

Wipro, a well-known IT company, recently re-contacted those candidates and asked them whether they would be acceptable to an offer of Rs 3.5 lakh as annual compensation instead of Rs 6.5 lakh per annum (LPA) offered earlier. . Let us tell you that these candidates have reportedly been issued offer letters by the company and they were waiting for onboarding.

Wipro cuts salary of freshers, salary offer reduced by 50%
Wipro cuts salary of freshers, salary offer reduced by 50%

IT sector employee union NEET has termed the move as unjust. NEET has called it against the principles of fairness and transparency. NEET has demanded that the management reconsider its decision and hold meaningful talks with the union to find a solution.

Wipro gave this clarification

Wipro said that ‘we are assessing the needs of global economies and customers, which is an essential part of our recruitment plans. We appreciate your commitment and patience. We try to identify new opportunities for you. Wipro in its statement said that currently, we have a few Project Engineer roles which can be given an annual compensation of 3.5 Lakhs. We want to allow all our fresh graduates in the FY23 batch to opt for these roles.

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Wipro cuts salary of freshers, salary offer reduced by 50%
Wipro cuts salary of freshers, salary offer reduced by 50%

When contacted on this issue, Wipro replied that due to the business requirement in the changing macroeconomic environment, we had to make necessary changes in our onboarding plans, according to news agency PTI. The current offer provides candidates with an immediate opportunity to jump-start their careers, build expertise and learn new skills.

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