Candidates who were waiting to join the company and had a package of Rs 6.5 lakh per annum received emails from Wipro asking if they would like to join at Rs 3.5 LPA. Wipro has written to candidates previously offered Rs 6.5 lakh per annum (LPA) and asked if they would accept the offer at Rs 3.5 LPA.
A Quick Overview
Wipro has delayed onboarding for the 2022 batch of graduates for several months due to an uncertain demand environment, margin pressures, and recessionary concerns. The company has two hiring programs for recent graduates: Elite and Turbo.
Elite candidates will be paid Rs 3.5 LPA, while Turbo candidates will be paid Rs 6.5 LPA. If they qualify for Turbo, they must go through the company’s Velocity program, where they will be trained.
Candidates with a package of Rs 6.5 LPA awaiting onboarding (a process they claim has been delayed since August) received an email from Wipro on 16th February, giving them the option to choose the lower-paying role and do so by 20th February.
Money control obtained an email sent to candidates that thanked students for completing the Velocity program and stated that the company is still assessing the situation.
Final Note
“Like others in our industry, we continue to assess global economies and customer needs, which factor into our hiring plans. We appreciate your dedication and patience as we work to find you a position. We currently have Project Engineer positions available for hire with an annual salary of INR 3.5 lakhs. “We would like to offer these positions to all of our Velocity graduates in the FY23 batch,” the email stated.
