New Delhi: After criticizing “moonlighting”, tech giant Wipro has again defended its policy of firing 300 employees for simultaneously working for other companies. CEO Thierry Delaporte said Wednesday that working for a competitor is an “ethical issue”. Company boss Rishad Premji has already called it “outright cheating”.Also Read – Wipro Promotes Over 10,000 Employees; Increases their salary through bands. Read the big announcements from IT Giant
“Our contracts stipulate not to take parallel work with a competitor. It is not a question of law (ownership); it’s a matter of ethics,” said CEO Delaporte, when asked if moonlighting, particularly in the context of working from home, could be legal. He was speaking at a press conference about Wipro’s quarterly results, which saw a 9.3% drop in net profit and one of the factors was “increased personnel costs”. Also read – Work from home: this company announces a promotion for employees working remotely. Details here
“I’m not talking about illegal things. I’m not talking about side jobs. I’m really talking about being in an obvious conflict of interest situation. I think our employees understand that,” he added, according to a report by news agency PTI. Read also – After Microsoft, Infosys & Wipro, this company is laying off nearly 500 employees
Bengaluru-based Wipro hired 14,000 freshmen in the April-September period, and its total headcount stood at just under 2.6 lakh. He was fired even though the attrition rate – the number of employees who leave – is a major bug in the IT industry’s code of success. Wipro’s churn rate was 23% in the September quarter, down slightly from 23.3. He announced that he would pay 100% of variable pay, which is usually linked to company and individual performance, to 85% of staff.
“During this quarter, we followed a strategy focused on hiring new students, and we will continue to follow this strategy,” said Mr. Delaporte. “The company also granted salary increases and promoted 10,000 employees during the quarter,” he announced.
Still, campus hires have faced onboarding delays at Wipro, as at other IT companies. On the moonlight, however, he found support from fellow local tech giants like TCS and Infosys, in addition to multinational IBM.
Amid this ongoing debate, a theory went viral on Twitter yesterday that the government’s provident fund system, which is linked to identity documents such as Aadhaar, may have played a role in Wipro’s discovery. black workers. The company did not say anything about this, nor did the authorities of the PF.