Tech companies are laying off in a big way. The country’s leading IT company Wipro has also joined this list. Wipro has fired 452 freshers on the basis of performance.
The process of retrenchment is going on all over the world including India. Especially tech companies are laying off on a large scale. The country’s leading IT company Wipro has also joined this list. Wipro has fired 452 freshers on the basis of performance.
According to a media report, Wipro spokesperson said – We have fired 452 freshers. These employees were repeatedly performing poorly even after training. We take pride in holding ourselves to the highest standards. We also expect freshers to live up to the standards we set for ourselves.
Expenditure on training waived: In the media report, quoting the termination letter, it has been told that Wipro has waived the expenditure incurred on the training of the dismissed employees. This amount is around Rs 75000 per employee. The termination letter states that Rs 75,000 spent on training, which the employee was liable to pay, has been waived off by the company.
Layoffs happening around the world: Layoffs are happening all over the world including India. Google will lay off 12,000 employees worldwide. At the same time, Amazon and Microsoft have also announced layoffs of more than 25,000 employees. Companies ranging from Edutech to food and ride aggregators are also laying off in India.
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