wipro

A Wipro employee working in the ‘Controllership’ division in the finance department was found to have transferred funds from Wipro’s account for the last three years. Following this shocking incident, IT major Wipro has tightened all its financial division internal controls.

Wipro noticed this incident in December and are now following up to recover the money. Though Wipro has successfully recovered half the money, it would still face a huge loss of around $2 million.

Suresh C Senapaty, Wipro’s CFO mentioned, “This has been a case of embezzlement, which we discovered in December, and it’s very unfortunate that this person succumbed to this.” He also added, “Our investigations have revealed that only this employee was involved, and nobody else in the team had any clue.”

One would wonder how a huge sum of $4 million would go unnoticed if a transaction takes place. Wipro states this has been happening for the last 3 years so how did the audit that happens every year couldn’t find out this deficit. Wipro always claims and takes pride about its work ethics and strict control of processes and regularities. This incident should have definitely brought in a massive awakening.

Things are moving from bad to worse! It’s time parents lose their pride that they made their kids an engineer. After all these engineers who paid heavy college donations and spent their teen life as a book worm end up in a BPO. And all that you need to join a BPO is good communication and basic computer skills; well not a degree!!

It was bound to happen but not so soon!! Hundreds of fresher’s who got their offer letter from Wipro were asked to join BPO with half the salary!! Sudip Shah who was designated as a project engineer was given a revised salary which was half the amount and asked to join its BPO division. “I was offered Rs 2.85 lakh/year as CTC. Now I have been asked to join as a BPO staff with 1.3 lakh/year. Why is this so? This is unfair!” said Sudip of an Engineering college in Kalyani.

Campus recruitments and great on spot offers have become a distant dream. These fresher’s were offered a job last year and were assured by Wipro of job placement by February 2009 once they pass out of college.

In the letter to the candidates on November 25th, Wipro had stated, “You would be aware of the current economic environment across all industries including the IT sector. IT analysts and experts claim this scenario is likely to prevail for a while. We have looked at various options to absorb you without much delay. The nature of job is that of a “technical helpdesk engineer” instead of “project engineer” as promised earlier.”

Students later protested in front of Wipro office in vain. With Wipro and other top software companies sacking Managing Directors to top Project managers without any reason, handling these freshers would have been easy job. But looks like these fresher’s haven’t understood what’s happening in the market now!! They protested, “We have told the HR that we will accept a reduced pay structure! But will not change our designation that was offered to us last year!”. Hey fresher’s, come to terms!! There are engineers out there with years of experience who struggle to get a software job! The industry is not so simple as you think!! Getting a job itself is a miracle!

The dissenters later mentioned to Wipro that they are ready to wait even for six months but not to withdraw the appointments if they did not join BPO. It should be noted that Wipro had clearly mentioned that it would place them in BPO only. If the engineers were not to accept the BPO position, they would not be considered for any other position.

BPO is not an industry where everyone can get a job. Today’s BPO requires excellent communication and technology skills to excel. BPO skill sets has become tough nowadays and even an engineering degree would not be considered if you do not have good communication skills

Top Most Firing IT Companies in India

1) IBM — Right now this is the most firing company for IT professionals.
In the last 6 months, this company has fired nearly 20% of their employees
because of BG check and performance issues. This is the most insecure
company from an IT professional’s point of view. They don’t have any
strategic plans at HR policies regarding employee security. No appraisals
(maximum 10%).
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