In recent months, several tech companies, including Amazon, Meta, Google, Microsoft, and Wipro, have announced layoffs, causing stress for many employees.
Wipro, in particular, has cut its job offers to freshers by nearly 50 percent and laid off at least 120 employees in Florida, citing business realignment needs as the reason.
The layoffs were disclosed in a Worker Adjustment and Retraining Notification (WARN) notice filed with the Florida Department of Economic Opportunity. The impacted employees include processing agents, team leaders, and a team manager. However, Wipro claims that the layoffs are an “isolated incident” and that other employees in the Tampa area remain unaffected.
Last month, Wipro also reduced the compensation packages it had promised to freshers who had successfully completed their training at the company. Previously, the company had pledged an annual compensation of Rs 6.5 lakh, but reports revealed that the compensation offers had been reduced to around Rs 3.5 lakh. Wipro explained that the change was due to the “changing macro environment” and that candidates were not being forced to accept the new offer.
The company also stated that it has project engineer roles available for recruitment with an annual compensation of Rs 3.5 lakh and that the offer creates an immediate opportunity for candidates to start their careers and acquire new skills.
Value our content... contribute towards our growth. Even a small contribution a month would be of great help for us.
Since five years, we have been serving the industry through daily news and stories. Our content is free for all and we plan to keep it that way.
Support HRKatha. Pay Here (All it takes is a minute)
