Wipro's lower-salary proposal accepted by over 90% of freshers

Two months after announcing to slash freshers' job offers by almost 50%, India's fourth-largest IT company, Wipro says more than 90% freshers have accepted to work at a lower package.

According to ET, the tech giant had initially offered salary packages of Rs 6.5 lakh to freshers. However, citing the 'changing macro environment' as the reason, the company mentioned that it was altering freshers' compensation to ₹3.5 lakh per annum.

“The next-gen associates were given both the options, and 92% of campus hires chose to join at the lower offer,” said Jatin Dalal, Wipro's Chief Financial Officer (CFO), as reported by Economic Times.
Wipro's move to cut salary offers to freshers awaiting onboarding by almost 50 per cent under one programme has been termed "unjust" and "unacceptable" by employees union NITES, which demanded that the IT company should reconsider its decision.

Wipro's decision reflects the global macro economic uncertainties and the challenges in the demand environment for tech companies, say market watchers.