A sign of recession! IT giant Wipro has reduced the salary offered to freshers by 50 percent

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Wipro has slashed the salary offered to freshers waiting to join by nearly 50 percent. Wipro's decision is believed to reflect the global micro-economic uncertainties and challenges facing tech companies. NITES termed Wipro's move as unfair and unacceptable. NITES has demanded that the IT company should reconsider its decision.

50 percent reduction in salary offer

Wipro, one of the giants of the IT sector, recently re-contacted the candidates who were preparing to join the job. He was asked by the company whether he would like an annual package of Rs. 6.5 lakh (LPA) as an annual package of Rs. Will the offer of 3.5 lakhs be accepted? It is to be noted that these candidates were issued offer letters by the company while they were about to join the job.

The IT sector employees' union raised an objection

The IT sector employees' union NEET termed the move as unfair. NEET termed it against the principles of fairness and transparency. NEET has demanded that the management reconsider its decision and hold meaningful talks with the union to find a solution.

Wipro clarified

Wipro said, 'We are assessing the global economy and customer needs, which is an essential part of our recruitment plan. We appreciate your commitment and patience. We try to identify new opportunities for you. Wipro said in its statement that currently we have few project engineer roles which can be given a package of 3.5 lakhs per annum. We would like to give an opportunity to all our fresh graduates in FY23 batch to opt for these roles.