Wipro sacks 300 employees for moonlighting with rival firms
IANS 22 September 2022
Leading IT company Wipro has terminated 300 employees found to be moonlighting with its key rivals at the same time, its Chairman Rishad Premji said on Wednesday.
 
Speaking at the All India Management Association (AIMA) National Management Convention, Premji termed moonlighting is a complete violation of integrity "in its deepest form".
 
"The reality is that there are people today working for Wipro and working directly for one of our competitors and we have actually discovered 300 people in the last few months who are doing exactly that," the Wipro Chairman said.
 
The company has now terminated their employment for "act of integrity violation".
 
Premji recently said that the concept of a second job in addition to the regular job is "plain and simple" cheating.
 
"There is a lot of chatter about people moonlighting in the tech industry. This is cheating -- plain and simple," he had tweeted.
 
Amid the brouhaha over moonlighting in India, cloud major IBM last week made it clear that the practice is not ethical and the company does not promote such behaviour at workplace.
 
IBM India Managing Director, Sandip Patel, said that the company's position is exactly that of the overall industry in the country.
 
"All of our workers when they are employed, they sign an agreement which says that they are going to be working full-time for IBM. So moonlighting is not ethically right for them to get into," he said.
 
Moonlighting allows employees to work outside their primary working hours.
 
Some startups and unicorns like Swiggy have encouraged the practice, while most of the traditional companies are calling it cheating.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Comments
SpiceJet places nearly 80 pilots on leave without pay for 3 months
IANS 21 September 2022
 In a temporary measure to rationalise cost, airline SpiceJet has decided to place nearly 80 pilots on leave without pay for a period of three months.
 
"This measure, which is in line with SpiceJet's policy of not...
Mohandas Pai Slams OYO over 'Fake Accounting', Company Says Numbers as per Audited Financial Statements
IANS 20 September 2022
Former Infosys director TV Mohandas Pai slammed Ritesh Agarwal-run Oyo for allegedly misleading investors via 'fake accounting' as the hospitality major reported its maiden positive EBITDA (earnings before interest, taxes,...
Kalyan Jewellers: Moody's Withdraws Long-term Corporate Family Rating
IANS 20 September 2022
Credit rating agency Moody's Investors Service on Tuesday said it has withdrawn Kalyan Jewellers India Limited's (KJIL) B2 long-term corporate family rating.
 
The rating outlook prior to withdrawal was stable.
 
"In...
Almost 50% Coal Blocks Allotted to Power PSUs Face Delay in Production
IANS 19 September 2022
Seven out of the total 16 coal blocks issued to State-owned power sector entities or PSUs like National Thermal Power Corporation (NTPC), Damodar Valley Corporation (DVC), Neyveli Lignite Corporation (NLC), THDC (a mini-Ratna...
Free Helpline
Legal Credit
Feedback