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India: Significant IT companies revoke offer letters given to freshers

Amid fears of world recession, main IT and tech companies in India adore Wipro, Infosys and Tech Mahindra earn revoked offer letters given to college students, talked about reports. The joining of these previously selected candidates turned into once delayed by nearly three-four months. Consistent with reports, hundreds of freshers got offer letters however first the joining of those candidates had been postponed and finally, their offer letter turned into once revoked.

The news turned into once first reported by Alternate Line. The document quoted e-mails sent by these companies to candidates.

The offer letters had been issued to college students after rounds of interviews. The candidates went thru rigorous preference route of.

“It has been identified that you simply’re no longer meeting our academic eligibility criteria. Subsequently your offer stands null and void,” one in every of the emails learn.

There turned into once no immediate response from the companies.

The realm macroeconomic prerequisites, amid recession fears and rising inflation, earn hit the Indian industries, and the IT/tech trade in the country is no longer immune.

Consultants and market watchers predict that IT trade would face slowdown extra.

TCS earlier postponed variable pay to its staff while Infosys reportedly slashed it to 70 per cent and Wipro deferred it fully.

Consistent with a most recent document by Naukri.com, the IT sector recorded a decrease of 10 per cent in hiring process in August.

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