October 5, 2022
1 min read

Top IT firms delay hiring process

According to the reports, the students received these offer letters after several rounds of interviews and a rigorous selection process….reports Asian Lite News

Top IT and tech firms like Wipro, Infosys and Tech Mahindra have reportedly revoked offer letters given to students after delaying their joinings by nearly three-four months.

According to reports, hundreds of freshers were given offer letters but first the joining of those candidates were postponed and finally, their offer letter was revoked.

The news, first reported by BusinessLine, quoted emails sent by these companies to the freshers whose offer letters were rejected.

According to the reports, the students received these offer letters after several rounds of interviews and a rigorous selection process.

“It has been identified that you are not meeting our academic eligibility criteria. Hence your offer stands null and void,” one of the emails read.

The companies were yet to react to the reports.

The global macroeconomic conditions, amid recession fears and rising inflation, have hit the Indian industries, and the IT/tech industry in the country is not immune.

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.

According to a latest report by Naukri.com, the IT sector recorded a de-growth of 10 per cent in hiring activity in August.

ALSO READ: ‘Match supplies with demand’

Previous Story

‘Match supplies with demand’

Next Story

India saw online transactions worth Rs 36 trillion in Q2

Latest from -Top News

India, Lanka deepen trade, education ties

The leaders discussed ways to enhance bilateral cooperation between India and Sri Lanka in education and capacity building….reports Asian Lite News External Affairs Minister S. Jaishankar met Sri Lankan Prime Minister Harini

Yunus regime faces military heat

Army Chief, General Waker-uz-Zaman, is facing immense pressure from his officers, and this led him to cancel his visits to India and Saudi Arabia….reports Asian Lite News A major showdown is looming

India to send holy relics to Mongolia by 2026

According to the Maha Bodhi Society of India, Arahant Sariputta and Arahant Moggallana were the two principal disciples of Lord Buddha. Revered for their wisdom and spiritual accomplishments, they hold a prominent

India, Uganda vow deeper ties

Minister of State Kirti Vardhan Singh met Ugandan President Yoweri Museveni on Thursday to discuss strengthening India–Uganda ties….reports Asian Lite News Union Minister of State for External Affairs Kirti Vardhan Singh met

India-Mongolia trade nearly doubles

Bilateral trade between India and Mongolia nearly doubles as the two nations mark 70 years of diplomatic ties and deepen their strategic and cultural partnership…reports Asian Lite News Bilateral trade between India
Go toTop

Don't Miss

Web3 startups in India raise $1.3 billion

Between 2021-2022, India registered over 170 new Web3 startups, yielding

Now’s Prime Time to Invest in India!

According to Sridhar Vembu, this is the time to invest