IT Sector layoffs: Fresher graduates first to face the axe, salary of CEOs surged nearly 10 times in last 10 years, shows report
Wipro CEO Delaporte was the highest paid in Indian IT sector with a pay package of Rs 79.8 crore, while the package of a fresh graduate at Wipro was around Rs 3.2 lakhs.
The salary of chief executive officers (CEOs) of major IT companies spiked by nearly 10 times between 2012 and 2022, but the annual package of freshers in these companies hardly increased by 45 per cent within this period. A recent viral tweet revealed this gigantic pay disparity in the IT sector.
The tweet came on the backdrop of the news of major IT companies firing a bulk of their employees. More than 1,600 tech employees are being laid off per day on average in 2023 globally, with some of the major layoffs happening in India, as per the data from layoffs tracking site Layoffs.fyi.
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