Wipro lays off over 400 freshers for poor performance

Bengaluru: IT giant Wipro has laid off more than 400 fresher employees for poor performance in internal assessment tests.

The company has issued termination letters to all the affected employees and stated that despite adequate training, they have failed to perform.

Sources explained the termination letter maintained that the employees were liable to pay Rs 75,000 of the training cost which company has spent on them. But, the amount is being waived off.

“We wish to inform you that the training cost of Rs 75,000 which you are liable to pay, will be waived off,” the letter reads.

Commenting on the development, the IT giant clarified that it takes pride in holding itself to the highest standards.

“From every entry level employee it is expected to have a certain level of proficiency in their designated area of work. The evaluation process includes to align employees with the requirements of clients and the business objectives of the organisation.

“This evaluation process, systematic and comprehensive, is followed by a series of actions such as mentoring, retraining and separation of employees from the company,” it says.IANS

Amul hikes milk price by Rs 3/litre for Delhi, Maha & Kolkata consumers

Ahmedabad:  Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) has increased prices of Amul pouch milk (all variants) by Rs 3 per litre with immediate effect. The price has been increased...

Adani imbroglio: MVA, locals worry over fate of mega Dharavi revamp project

Mumbai, Feb 2 (IANS) As the Adani Group battles its current crisis on multiple fronts, the Maharashtra Congress, Shiv Sena (UBT) and residents of Dharavi on Thursday raised questions over the...

Adani Enterprises calls off Rs 20K cr FPO, to return money to investors

  New Delhi: Hours after its shares crashed at the bourses, the Adani Group on Wednesday evening decided to call off its Rs 20,000 crore follow-on public offer (FPO), saying...

Narrower-deficit forecast in Budget underscores govt’s long-term fiscal sustainability: Moody’s

New Delhi: Global ratings agency Moody's Investors Service said on Wednesday that the narrower fiscal deficit forecast in the Union Budget for 2023-24 underscores the government's commitment to longer-term fiscal...

EVs to get cheaper, Centre proposes Customs duty exemption on batteries

New Delhi: The Central government on Wednesday said that to further provide impetus to green mobility, Customs duty exemption is being extended to the import of capital goods and machinery...

Budget cuts MGNREGA allocation by 30% to Rs 61,032 crore for 2023-24

New Delhi:  The government has slashed the budgetary allocation for rural job guarantee scheme, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) by 30 per cent to Rs 61,032.65...

Mixed response to Budget 2023-24 at the bourses

Mumbai:  The Indian stock markets on Wednesday opened on a positive note and went up after Finance Minister Nirmala Sitharaman presented the Union Budget for FY24 but then came down....

New tax regime may not be necessarily beneficial for all taxpayers: Experts

New Delhi: The new tax regime (NTR) will now be considered as a default regime, but it may not necessarily be a better option for all the taxpayers, experts said....

Budget: BJP has cheated the people of Bihar again, says Tejaswi

  Patna: Bihar Deputy Chief Minister Tejashwi Yadav on Wednesday that the BJP has cheated the people of Bihar again through the Union Budget 2023-24. He also said that the...

‘Step-motherly treatment to Delhi yet again’: Kejriwal slams Budget

New Delhi: Delhiites have been meted out "step-motherly treatment yet again", Chief Minister Arvind Kejriwal said while reacting to the Union Budget 2023-24 presented by Finance Minister Nirmala Sitharaman on...

Insurance policies where premium is above Rs 5L no more tax exempt

  New Delhi: Insurance policies where the premium is over Rs 5 lakh will no longer be tax exempt, as per the provisions in the Union Budget 2023-24. Kapil Mehta,...

Economic growth to slide to 7% in 2022-23 against 8.7% in 2021-22: Fiscal policy statement

New Delhi : Economic growth is expected to slide in the current fiscal, even as India is among the bright spots in the prevailing global scenario marred by fluid geopolitical...

Read Previous

US covertly sponsoring IS, says Russia

Read Next

Another Moscow-Goa flight diverted after receiving bomb threat

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com