The impact of the global economic slowdown seems to be falling on Indian IT companies. According to a report, the Indian IT giant Wipro, Infosys And Tech Mahindra The offer letter given to the students has been cancelled. According to a report in business LineThese proposals have been canceled after a delay of about three-four months in their joining.
The report cited emails sent by these companies to freshers whose offer letters were rejected. According to the reports, the students have got these offer letters after several rounds of interviews and a rigorous selection process.
“It has been identified that you are not fulfilling our educational qualification criteria. Your offer is therefore null and void,” reads an email purportedly sent by Infosys to a candidate whose offer was rejected.
“…we cannot pursue your candidature because you are not complying with Wipro’s evaluation guidelines,” wrote an email purportedly sent by Wipro
In another related news, NYSE-listed IT service providers EPAM System About 100 Indian employees have been asked to resign. According to sources, the company has also canceled the offer letters of others who will join the firm in the next few months.
It comes as IT companies are facing macro headwinds as US banks are expected to cut tech spending while the world’s largest economy slips into an impending recession. Last month, news reports claimed that HCL Tech had fired around 350 employees working on the Microsoft project, suggesting that the project had moved to Accenture.
The report cited emails sent by these companies to freshers whose offer letters were rejected. According to the reports, the students have got these offer letters after several rounds of interviews and a rigorous selection process.
“It has been identified that you are not fulfilling our educational qualification criteria. Your offer is therefore null and void,” reads an email purportedly sent by Infosys to a candidate whose offer was rejected.
“…we cannot pursue your candidature because you are not complying with Wipro’s evaluation guidelines,” wrote an email purportedly sent by Wipro
In another related news, NYSE-listed IT service providers EPAM System About 100 Indian employees have been asked to resign. According to sources, the company has also canceled the offer letters of others who will join the firm in the next few months.
It comes as IT companies are facing macro headwinds as US banks are expected to cut tech spending while the world’s largest economy slips into an impending recession. Last month, news reports claimed that HCL Tech had fired around 350 employees working on the Microsoft project, suggesting that the project had moved to Accenture.