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HCL Tech to not cut salaries or jobs; honour existing offers

HCL Technologies said that it would honour the nearly 15,000 job offers already made to freshers

Source | | Surabhi Agarwal, Ayan Pramanik

NEW DELHI/ BENGALURU: HCL TechnologiesNSE 1.54 % will not cut salaries of its 150,000 employees and will also honour promised bonuses for the previous year, the country’s third largest software services firm said, even as it looks to deal with a slowdown in IT spends because of the debilitating impact of the coronavirus pandemic.

HCL Tech had said earlier that it would honour the nearly 15,000 job offers already made to freshers.

“We haven’t seen any cancellations (of projects) but onboarding of new projects has been delayed a little. However, we are seeing a lot of green shoots; today, we have 5,000 open requirements, so we are recruiting in some areas, which are good, neutral and positive (areas),” said Apparao VV, its chief human resources officer.

Verticals such as transportation and manufacturing are facing stress, as clients are themselves facing difficult times, he added.

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