- 04 Oct 2022
- ICICIdirect Research
Media report says that Wipro, Infosys & Tech M revoke offer letters to fresher’s
Media report (Business line) says that Wipro, Infosys & Tech M revoke offer letters to freshers. The report further says that offer letters of these candidates has been recalled under the disguise that they do not meet the eligibility criteria or have not completed the compliance requirements.
At this moment, we are not sure about the scale at which it is happening. We suspect one of the compliance requirements (with reference to TCS 3 days’ work from office mandate) could be work from office for few days a week, which could be the centre of disagreement between the fresher’s and the companies. Wipro already made a statement that it would honour job offers to ‘deserving’ candidates in a phased manner. in our view, companies will honour most of the offers (barring few non-compliant candidates) but on boarding could be delayed depends on the project requirement.