Companies like Wipro, Infosys, Tech Mahindra canceled offer letter after issuing it to some fresher candidates.
According to the report, hundreds of fresher candidates were given offer letters from these companies, but first there was a delay of 3-4 months in joining these candidates, the joining of these candidates was being postponed and finally their offer letter was cancelled. The students claim that they applied for jobs in top companies.
They were selected after several rounds of interviews, after which they were provided with offer letters.
Now the students say that after the joining was postponed for several months, it was canceled. The students have claimed that the companies rejected their offer letters citing eligibility and company guidelines.
According to the report of BusinessLine, in the mail that has been sent by the companies, it has been found that you do not fulfill our academy eligibility, hence your selection is cancelled. The news of cancellation of offer letters by these IT companies comes at a time when the IT industry is witnessing a global downturn.
The way the world’s top banks in India have hiked interest rates, the money supply for startups has come down drastically. The direct impact of the lack of funds for startups in the IT sector is being seen on this industry. The increase in interest rates is having a negative impact on the business environment. Even Google, Facebook, Microsoft have stopped new recruitment for the time being, asking their teams to use only existing resources.
As far as Indian IT companies are concerned, many reports have come out in which it has been said that IT companies have postponed the recruitment process for several months.