IT Tech Giants Revoke Offer Letters Given To Freshers: Reports.

Top IT and tech firms like Infosys, Tech Mahindra, and Wipro have revoked offer letters given to students after delaying their joining by 3-4 months.

As per reports, hundreds of freshers were given offer letters, but first, the joining of those were postponed, and finally, their offer letter was revoked.

The news, first reported by BusinessLine. The source quoted emails sent by these companies to the freshers whose offer letters were rejected.

As per reports, the students received these offer letters after several interviews and a rigorous selection process.

Experts have earlier said that the momentum in the Indian IT industry would slow down further in times to come.

The global macroeconomic conditions, amid recession fears and rising inflation, have hit the Indian industries, and the IT/tech industry in the country is not immune.

TCS postponed variable pay to its employees while Infosys reportedly slashed it to 70%, and Wipro deferred it completely.

According to the latest report by Naukri.com, the IT sector recorded a de-growth of 10% in hiring activity in August.