Many employment letters that had been given to students by IT companies like Wipro, Infosys, and Tech Mahindra have now been revoked. After months of delays in the onboarding process, the IT firms reportedly terminated employment, most likely due to unfavourable business conditions.
- Wipro, Infosys and Tech Mahindra and other IT firms revoke offer letters.
- The IT companies cancelled hirings after delaying the onboarding process for 3-4 months.
- Revocation was done by citing eligibility criteria and company guidelines.
Students who had received employment letters from IT firms like Wipro, Infosys, and Tech Mahindra have now had many of those letters revoked. The IT firms reportedly terminated employment after months of delays in the onboarding procedure, most likely as a result of unfavourable business circumstances.
Infosys, Wipro and Tech Mahindra – have revoked offer letters given to students after delaying the onboarding process for months. Students claim that they applied for jobs at the top tech companies around 3-4 months back. After rounds of interviews, they received the offer letters and were waiting for their onboarding process. However, the onboarding process was delayed by the IT firms for months.
Now the students have received a letter stating that their employment letter is being revoked. Students further mention that the tech companies have revoked their offer letters on the grounds of eligibility criteria and company guidelines.
“We’ve determined that you don’t meet our academic eligibility requirements. Your offer is therefore invalid.”
The news that IT companies are delaying onboarding or withdrawing their offer letters coincides with speculation about a global slowdown in the IT sector. There is a rumour going around that the amount of easy money available to startups in the IT industry is decreasing due to the tightening money supply and rising interest rates globally. And that is having an effect on all IT businesses, from recently founded start-ups to established industry titans.