After Flipkart, L&T Infotech is under fire for cancelling job offer letters. At least 1,500 students from various colleges have alleged that the IT company kept assuring them of a job but later backed out. Many students who were relying on the jobs to repay their education loans are now burdened by repeated calls from the banks.
The students have decided to go on a hunger strike in Chennai to protest the company’s move, reports said. The firm was planning to launch its IPO soon, and the withdrawal of offer letters to students could be an indication that all is not well. The company cited "poor performance" of the students for withdrawal of the offer letters.
In an unprecedented move at the prestigious IIM-Ahmedabad, Flipkart, which has hired in the past from IIMs and IITs, this year informed about 10 students it was deferring their joining to December. The decision was announced on May 20, just three days before the candidates were to join. The e-commerce giant cited an organisational rejig for the deferment and committed Rs 1.5 lakh as a joining bonus for each candidate. After a public spat with IIM Ahmedabad, it increased the bonus to Rs 3 lakh.