In Indian engineering institutes, the placement season is scheduled to start in December. Businesses notify students in advance of the positions they want to hire for, allowing them to apply and participate in interviews during their placement. According to a student at the Indian Institute of Technology, Delhi (IITD), Zomato withdrew an announcement about hiring for a high-paying position after it was made.
A brief about typing mistake or promotional campaign? Zomato withdraws offer to hire IIT Delhi freshmen for Rs. 1.6 crore
The meal delivery company Zomato intended to recruit an Algorithms Engineer from the engineering institution, per the announcements made by the placement committee. The large compensation package along with the job offer was what caught my attention.
According to the circular, Zomato was paying an incredible Rs 1.6 crore for the position. The position was for Blinkit, a Zomato affiliate that delivers groceries. It is noteworthy that restricted stock units accounted for a sizable portion of the compensation. The pay was divided as follows: Rs 1,00,00,000 in restricted stock units and Rs 60,00,000 in gross pay.
A number of Twitter users who were previously part of X voiced astonishment at the hefty remuneration that IIT Delhi freshmen were given.
The meal delivery company quickly canceled its plans to hire for the position.
Zomato has canceled its employment plans, according to Hrithik Talwar, an MSc student at the Indian Institute of Technology, Delhi, who posted on X.
“Zomato came to the campus, offered 1.6 cr salary, got the hype & left,” he wrote on social media.
The student posted a picture of the notification, which updated pupils on the withdrawal of the offer and advised them to withdraw their applications because Zomato had decided not to hire the candidate due to business constraints.
X users left a number of comments on the IITians thread. Some users claimed that this was a corporation marketing ploy.
I read the news and recognized right away that it was a marketing job. There’s no way a fresher can get offered 1.6 crore by a company like Zomato,” a third user commented.
Some users believed that the first offer was most likely a typo.
“Wasn’t it supposed to be 16L and it got mistyped as 1.6 crore bruh,” a person said.