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8 tech companies who delayed or cancelled offer letters
There are also some who have started withdrawing job offers because they\'ve either shut shop or are closing some operations. Flipkart
Startups are sending shivers down the spine of students at top Indian Institutes of Technology. The darling of jobseekers until recently, some startups have delayed joining dates as uncertainty, funding slowdown and pressure on profitability force them to go slow on hiring.
There are also some who have started withdrawing job offers because they've either shut shop or are closing some operations.
Flipkart
India's leading e-commerce player Flipkart has deferred joining dates for campus hires from IIM Ahmedabad and IITs citing restructuring of its businesses. The issue came to light after the chairperson of the IIM-A sent out a strong-worded email to Flipkart CEO Binny Bansal. The company later said that it was a tough decision to delay the joining dates of the campus recruits. The Bengaluru-based company will be paying an additional joining bonus of Rs 1.5 lakh to all campus recruits.
In a fresh development, IITs have claimed that they have been assured by the country's largest e-commerce firm that student recruits whose joining dates have been delayed will be offered internships
Portea
The healthcare startup Portea too is among the companies who have cancelled their offers. The company recently announced taking majority stake in healthtech startup PSTakeCare.
PepperTap
Grocery portal PepperTap too is among the startups who cancelled job offers. The company reportedly cancelled its offers in the middle of February this year.
Roadrunnr
Bengaluru-based logistics startup Roadrunnr too has delayed joining letters. The company reportedly communicated that the candidates' onboarding is deferred till December. The company said that since it is expanding its infrastructure in other cities too, it would like its candidates to join in December.
InMobi
Mobile advertising major InMobi has also deferred the joining date from July to November 2016. According to a report, the campus recruits had requested the company to reduce the delay by two months, however, the company officials expressed inability.
CarDekho
Auto portal CarDekho too has delayed the joining dates of its IIM-Bangalore hires citing project timelines.
Stayzilla
Budget stay aggregator Stayzilla delayed the joining date for the 39 students it had hired from Indian School of Business in Hyderabad to July-August, from April-May. The company also lowered the annual compensation package to Rs 20 lakh (excluding stock options).
L&T Infotech
Though not a startup, the IT division of L&T, L&T Infotech, too has been in news for withdrawing job offers. The company has revoked over 1,000 job offers made in Tier-3 colleges in South India, leading some students to sit on hunger strike in Chennai. The students, who were of the 2015 batch, were placed on hold for over a year and then were dismissed after L&T Infotech carried out a second assessment test. Media reports have pegged the number of offers withdrawn at 1,500.
source techgig.com
