Wipro fires hundreds of employees after cutting freshers pay by 50%

Wipro fires hundreds of employees after cutting freshers pay by 50%

For computer professionals, the past few months have been particularly stressful as a result of the widespread layoff announcements made by businesses like Amazon, Meta, Google, Microsoft, Wipro, and others. On social media, people are telling their stories and articulating how it feels to be fired from a job. The tech behemoth Wipro stated last month that it would reduce employment offers to recent graduates by over 50%. And now, according to a report by IANS, the corporation has let go of at least 120 workers in Florida, USA, citing a “realignment of business needs” as the cause.

A brief about Wipro fires hundreds of employees after cutting freshers pay by 50%

After 120 workers were let go by Wipro. The Worker Adjustment and Retraining Notification (WARN) notification was submitted by the employer to the Florida Department of Economic Opportunity, according to the IANS report, which was initially ascribed to Channel Futures. According to reports, the employment losses will only affect one Tampa site. More than 100 of the impacted employees are processing agents, according to the report. The other members are a team manager and team leaders.

The business made a statement regarding the most recent event and added that this layoff is a “isolated incident.” “Wipro has a strong commitment to the area. Additionally, none of the other Wipro workers who work with clients in the Tampa area have been impacted, the business said. It is said that the layoffs will begin in May.

Wipro declared this month that it will not be providing freshmen with the high pay offers that it had previously offered. The software behemoth had originally offered an annual salary of Rs 6.5 lakh to all freshers who had successfully finished their training at the company. The freshers were reportedly asked to accept annual packages of about Rs 3.5 lakh after their pay offers were reduced.

According to a Business Standard story, the corporation was not pressuring the freshmen to take these offers and had given them some time to determine whether they wanted to accept the lesser pay offer or not.

“Like other businesses in our sector, we continue to evaluate the state of the world’s economy and client demands, which affect our employment decisions. Right now, we are hiring for project engineer positions with an annual salary of Rs 3.5 lakh. All previous offers will be worthless if you choose to accept this one, the business said in an email to freshmen that Business Standard was able to receive.

The email went on to say that the “changing macro environment,” which had an impact on the company’s business requirements, forced the corporation to alter the remuneration plans. “As we work to honour all outstanding offers made, this current offer creates an immediate opportunity for candidates to start their careers, build their expertise and acquire new skills – both through the interesting and innovative work that we do, as well as our extensive learning and development programmes,” the email read. 

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