Wipro cuts freshers pay by 50 per cent, offers salary package of Rs 3.5 lakh per year
1 year, 10 months ago

Wipro cuts freshers pay by 50 per cent, offers salary package of Rs 3.5 lakh per year

India Today  

Wipro is slashing salary offers of fresh recruiters after promising them high annual pay. The tech company initially promised to pay an annual package of Rs 6.5 lakh to freshers that successfully completed their training at Wipro. The email, which has been obtained by Business Standard, mentions that Wipro will now only be able to pay annual package of Rs 3.5 lakh to freshers. 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 company said. Criticizing the move to cut down almost 50 percent of salaries, Harpreet Singh Saluja, President of Nascent Information Technology Employees Senate, said, “We strongly condemn Wipro’s unethical move to reduce the salaries of employees awaiting to join.

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History of this topic

Wipro says it will not hire people with 30 percent salary hike, wants employees to work from office
1 year, 6 months ago

Wipro says it will not hire people with 30 percent salary hike, wants employees to work from office

India Today  

Wipro’s HR Saurabh Govil has revealed some major details about what the company expects from its employees and what are its plans for new people. He told TOI that the IT company won’t be hiring new people with a very big pay hike and that the new employees who will be improving their skills will be eligible to receive premium …

Wipro CFO talks about reducing salaries by 50 percent, says freshers wanted fast onboarding over higher pay
1 year, 8 months ago

Wipro CFO talks about reducing salaries by 50 percent, says freshers wanted fast onboarding over higher pay

India Today  

Wipro made headlines in February when it decided to slash freshers' job offers by almost 50 percent. Wipro CFO talks about company slashing freshers' salary And now, in an interview with the Economic Times, Wipro's Chief Financial Officer, Jatin Dalal has revealed that 92 percent of freshers decided to join the company at the low salary offer in order to …

Over 1,800 freshers in jobs limbo as firms delay onboarding
1 year, 9 months ago

Over 1,800 freshers in jobs limbo as firms delay onboarding

Live Mint  

The latest survey has revealed that more than 1,800 freshers, recruited by top MNCs during campus placements, have been waiting for almost a year to be onboarded. Besides, the survey highlighted job-related issues faced by freshers such as delays in onboarding after getting an offer and cancellation of offers among others. Last month Livemint reported that many engineering students from …

After cutting freshers pay by 50 per cent, Wipro sacks hundreds of employees: details here
1 year, 9 months ago

After cutting freshers pay by 50 per cent, Wipro sacks hundreds of employees: details here

India Today  

The last couple of months have been quite stressful for techies as companies like Amazon, Meta, Google, Microsoft, Wipro and others announced large-scale layoffs. Tech giant Wipro announced that it will be slashing freshers' job offers by almost 50 per cent last month. And now, the company has laid off at least 120 employees in Florida, United States, citing 'realignment …

Wipro to Offer Promotions Every Quarter, Offer Salary Hikes to Employees to Battle Attrition
2 years, 5 months ago

Wipro to Offer Promotions Every Quarter, Offer Salary Hikes to Employees to Battle Attrition

News 18  

In a bid to fight soaring attrition rates, Bengaluru-based software company Wipro Ltd. has planned to offer promotions to its employees every quarter, multiple reports have said recently. Wipro also plans to provide a salary hike of 10 per cent to most of its workforce in September, with the company’s top performers getting a salary hike of over 15 per …

Wipro windfall – promotions every quarter
2 years, 6 months ago

Wipro windfall – promotions every quarter

Live Mint  

Wipro Ltd is overhauling its employee bonuses and increments to rein in high attrition and attract fresh talent as India’s technology sector continues to see a covid-induced boom in hiring. India’s fourth-largest software services firm plans to offer employee promotions every quarter—a first for the Bengaluru-based company—and boost salaries of most of its workforce by 10% in September, with the …

Wipro CEO among highest paid in IT sector. How his pay compares with peers
2 years, 7 months ago

Wipro CEO among highest paid in IT sector. How his pay compares with peers

Live Mint  

Wipro Chief Executive Officer and Managing Director Thierry Delaporte's salary rose to a total of $10.51 million in FY22, as per the company's annual report filed with the US SEC, making him one of the highest paid executives in the Indian IT sector. Meanwhile, Wipro Chairman Rishad Premji received a total compensation of $1.82 million, while Jatin Pravinchandra Dalal received …

Wipro to roll out salary hikes for junior staff from Jan 1
4 years, 1 month ago

Wipro to roll out salary hikes for junior staff from Jan 1

India TV News  

IT services major Wipro will give wage hikes to junior employees with effect from January 1, 2021. "Our employees have shown remarkable resolve and resilience in ensuring seamless business continuity and maintaining high standards of service in these challenging times.We are also initiating merit salary increases for all eligible employees in Band B3 and below, effective January 1, 2021," Wipro …

Will continue to drive localisation, campus hiring: Wipro
4 years, 11 months ago

Will continue to drive localisation, campus hiring: Wipro

The Hindu  

Wipro said it would continue to drive localisation which is 70% in the third quarter. However, for certain specific skills that are not available in customer markets, we will continue to hire from India,” said Saurabh Govil, president and head, HR, Wipro. In Q3, Wipro reported a net hiring of 6,000 people, “We will hire from the campuses and will …

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