As we all know economic uncertainty is going on in every country and due to this many tech firms are laying off employees in bulk. Now, an Indian IT firm Mphasis has kept freshers’ offer letters on hold and their offer letters are also going to expire as the https://safetysignandlabel.com.au/ (naked url) firm is delaying the onboarding process.
Further, as per the report, the firm had offered these offer letters to freshers for the position of trainee associate software in September 2021 and these offers will expire in March 2023. Moreover, the associate software engineers offer will expire in April 2023.
Earlier also it was witnessed that many IT firms like Amazon, Accenture, Mindtree, Wipro, Infosys, and Tech Mahindra have delayed the onboarding of the freshers.
Further, recently Wipro has reduced the employee’s salary by 50%, and by this action, the Nascent Information Technology Employees Senate (NITES) has filed a complaint against Wipro in the labour ministry.
You can read more about: IT union NITES criticises the salary cut move of Wipro
After Wipro, Infosys also fired 600 freshers after they failed an internal assessment test. The firm had fired around 6k freshers in Q3FY23.
But overall the IT firm had laid off thousands of employees due to economic uncertainty in the IT industry.