New Delhi,UPDATED: November 13, 2023 3:30 PM IST
Since the beginning of this year, many tech giants have cut costs by either conducting mass layoffs, stopping hiring new candidates, not giving employees raises, and so on. And the renowned software company Wipro is one of them. The company made headlines in February this year for drastically reducing job offers for freshers. Recently, Wipro announced the move to a hybrid work model, which requires employees to report to the office at least three days a week.
The company may also forego raises this year for some “high-performing employees with higher compensation packages,” according to reports.
No pay hike, work from home for Wipro employees
Reuters reported seeing an internal memo that said Wipro will not give raises to “top performers with higher compensation” in the upcoming round of pay revisions in December.
Reuters also quoted a Wipro official telling employees in an email that this time they would do a “selective MSI (merit pay increment) rollout” based on their “business affordability.”
Additionally, the company had previously recalled its employees to offices and implemented a hybrid work policy. This meant that Wipro employees had to come to the office at least three days a week. This rule was also announced via email. The policy is effective November 15, 2023.
Saurabh Govil, Wipro’s chief human resources officer, had said in an email to employees that the move to a hybrid work model is aimed at promoting face-to-face collaboration, strengthening Wipro’s corporate culture and enabling more effective communication.
“Starting November 15, all employees will be required to be present at their assigned office location at least three days per week,” the email said, as reported by Moneycontrol.
Wipro also warned its employees that there will be consequences from January 7, 2024 if they do not adhere to the new work policy.
When Wipro cut job offers for freshers
In February, Wipro decided to cut job offers for freshers by almost 50 percent. The tech giant had initially offered salary packages of Rs 6.5 lakh to freshers. However, the company cited the “changing macroeconomic environment” as the reason and mentioned that it was changing the compensation of new students.
The move was met with strong backlash from people who questioned the ethics of such a decision. However, reports had also added that the company was not forcing the freshers to accept the new offer but had given them an opportunity to decide whether they wanted to take up the lower pay offer.
In an interview with Economic Times in April, Wipro Chief Financial Officer Jatin Dalal revealed that 92 percent of freshers chose to join the company due to the low salary offer to speed up the onboarding process. “Decisions regarding new students are made with complete fairness and transparency. The next generation employees were given both options and 92 percent of campus freshers chose to join Wipro based on the initial offer. We will continue to hire the next generation of employees based on this offering.” “Meeting our business needs throughout the year,” he had said.
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