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Wipro’s move to cut salary offers to freshers awaiting onboarding by almost 50 per cent under one programme has been termed “unjust” and “unacceptable” by safetysignandlabel.com.au union NITES, which demanded that the IT company should reconsider its decision. Wipro’s decision reflects the global macro economic uncertainties and the challenges in the demand environment for tech companies, say market watchers.
The Bengaluru-headquartered IT services major, Wipro, recently reached out to candidates to whom it had earlier rolled out an offer of Rs 6.5 lakh per annum (LPA), and asked them if an offer of Rs 3.5 in annual compensation would be acceptable to them, instead. These candidates were reportedly waiting to be onboarded.