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While Wipro is eager to welcome the freshers it had chosen, the latter are feeling very disappointed and discouraged as their pay has been reduced by half. The IT major has reduced salaries for freshers who are waiting to join by 50%. As a result, people who were previously promised a package worth Rs 6.5 lakhs year are now expected to accept a salary of Rs 3.5 lakhs a year. Wipro has been asked to reconsider its decision since it is unfair to the freshers and goes against the principles of transparency and fairness, according to the Nascent Information Technology Employees Senate (NITES). According to the Senate, it is unethical to punish the freshers for the Company’s financial troubles. “The decision to cut the salaries of the employees without prior consultation and negotiation is not only unjust but also goes against the principles of fairness and transparency. It is unacceptable that the burden of the company’s financial troubles is being placed solely on the shoulders of the employees,” Harpreet Singh Saluja, President of NITES, said. Nonetheless, the company believes that by halving salaries, it is giving new hires a chance to develop their abilities and learn new things, and that this choice was prompted by the uncertain economic downturn present around the world. Those who are awaiting onboarding have been informed that there are currently project engineer roles available with a salary of roughly Rs 3.5 lakhs per year. The freshers who have just completed the company’s Velocity programme for graduates’ training and development have been greatly surprised by the pay cut. NITES has urged management to reconsider its decision and hold meaningful discussions with the union to arrive to a mutually beneficial solution.

Leading packaged snack company Bikano has kept up its hiring spree as it plans to grow its workforce by 10-15% over the next two to three years. The company’s overall headcount increased by 10% in 2022, according to a statement, as a result of expanded operations and a larger footprint, particularly in Hyderabad and the NorthEast. Currently, Bikano employs roughly 2,200 people. Both lateral hiring and recruiting of new hires would be included in the upcoming employment procedure. According to the statement, a combination of hiring would be used in the upcoming years to accommodate the seasonal surge in production and demand. Increasing production at numerous sites in Delhi-NCR and the south Indian market, particularly Hyderabad, has become a primary goal for the company in an effort to increase its market share. This escalation is expected to spur extensive employment across all locations and plants. Also, many trainees across functional areas, including sales and production, are anticipated to be onboarded for the Hyderabad plant in addition to the hiring of experienced staff. “We are indeed happy to have come out relatively unscathed through the pandemic years,” said Manish Aggarwal, Director of Bikano. “Unlike other mainstream businesses, which were cutting down on their manpower, we were doing the exact opposite. It is this level of increased hiring which has been fueling our aggressive expansion plans,” he said. “In the New Year, as the inflationary trends as well as the broader slowdown headwinds ease further, we will expand our product portfolio with new and innovative offerings as well as SKUs. This means that we will only step up our hiring and recruitment drive further looking to increase our total workforce by as much as 10-15 per cent in the coming two or three years,” added Aggarwal. Kush Aggarwal, Head of Marketing, Bikano, said, “As a professional company with a proper corporate setup, we understand that HR policies and practices are responsible for a company’s growth. Bearing that in mind, we have a structured and standardised HR system in place. We give a chance to youngsters through campus visits. We also invest heavily in the training of our employees. We function as a family, keeping in mind the interests of both individual employees and the organisation.” Bikano is one of the leading packaged snack brands in the nation and was founded in 1950. What started as a small Chandni Chowk snack shop called “Bikaner Namkeen Bhandar” has grown into a huge sweet and savoury food brand. According to the statement, it is currently present in over 35 countries, including the UK, the US, Canada, Australia, New Zealand, Asia, the Middle East, Africa, and the Indian subcontinent.

Elon Musk has already closed two of its three offices in India after already firing 90% of its 200 employees there. The employees have been asked to work remotely. Musk also shut the Twitter office in Mumbai in addition to Delhi. The Bengaluru office is still in operation. The majority of the employees in this office are engineers who work at the Twitter US headquarters. Musk seems to have, at least temporarily, diverted his attention away from the Indian market. The Company’s cost-cutting efforts include closing the two offices in India. Since the start of the layoffs, Twitter has struggled with content regulation and general functionality. The CEO had previously suggested that it might take him a full year to bring about operational stability and financial stability for the social media company. According to reports, Twitter has been settling lawsuits brought by a number of service providers and contractors after failing to pay the rent for its headquarters in San Francisco and London. It was also reported a few weeks ago in Singapore when landlords led staff out of the office building. According to media reports, Twitter had to collect money for rent in some locations by selling some of its office assets. Musk has never obscured the fact that his company’s revenues have been dropping, and he has even made indications about a potential bankruptcy.

After long-time CEO, Susan Wojcicki stepped down on February 16, YouTube will now have Neal Mohan as its CEO. YouTube’s parent company, Google, began its journey in Wojcicki’s garage. Her departure comes at a time when there is a lot of enthusiasm and worry about the potential impact of AI chatbots like ChatGPT, which is now integrated with competitor Microsoft’s Bing Search, on how people might search for information online in the future. TikTok and Instagram Reels are two other short-video platforms that compete fiercely with YouTube. “It’s been amazing to work with you over the years. You’ve built YouTube into an extraordinary home for creators and viewers. I’m excited to continue this awesome and important mission. Looking forward to what lies ahead,” Mohan wrote on Twitter, addressing Wojcicki. Thank you, @SusanWojcicki. It's been amazing to work with you over the years. You've built YouTube into an extraordinary home for creators and viewers. I'm excited to continue this awesome and important mission. Looking forward to what lies ahead… https://t.co/Rg5jXv1NGb — Neal Mohan (@nealmohan) February 16, 2023 Neal Mohan, a Stanford graduate who joined Google in 2008, oversees YouTube’s Shorts and Music departments as its chief product officer. Also, he has experience with Microsoft and sits on the boards of 23andMe, a genomics and biotechnology company and the personal styling company, Stitch Fix. He is also a member of the Council on Foreign Relations, an independent US think tank. Mohan attended Stanford University for four years to earn a Bachelor of Science in Electrical Engineering. In the early 2000s, he enrolled in the university’s Graduate School of Business to pursue an MBA. He spent many years working for the internet advertising company DoubleClick. He became part of the tech giant after it was acquired by Google in 2007, rising to the position of senior vice president of Display and Video Ads. He became part of the tech giant after it was acquired by Google in 2007, rising to the position of senior vice president of Display and Video Ads. Indian-origin Mohan is one of several CEOs leading other major global tech giants, including Microsoft’s Satya Nadella, Adobe’s Shantanu Narayen, and Alphabet’s Sundar Pichai.