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IT services group Wipro fires 300 employees for moonlighting

 2 years ago
source link: https://finance.yahoo.com/news/services-group-wipro-fires-300-123639077.html
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IT services group Wipro fires 300 employees for moonlighting

Manish Singh
Wed, September 21, 2022, 9:36 PM·2 min read
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IT services giant Wipro has fired 300 employees in recent months who were found to be moonlighting for competitors, a top executive said Wednesday, weighing in on a practice that has gained momentum across the globe as firms incorporate work-from-home norms.

Rishad Premji, the chairman of Wipro, which employs over 250,000 employees in over five dozen nations, said at a conference Wednesday that the company finds moonlighting for competitors an "act of integrity violation."

"As part of transparency, individuals can have candid and open conversations around playing in a band or working on a project over the weekend. That is an open conversation that the organisation and the individual can make a concerted choice about, on whether that works for them or doesn't," he said.

But, "there is no space for someone to work for Wipro and competitor XYZ and they would feel exactly the same way if they were to discover the same situation. That is what I meant...so I do stand by what I said...I do think it is violation of integrity if you are moonlighting in that shape and form."

A growing number of white-collar workers, spanning from tech to banking industries, have quietly taken up a second job -- in some cases, a third -- as they hedge against worries about layoffs, or take benefit of lesser accountability while working from home.

Some startups are embracing moonlighting as a perk. Swiggy, India's most valuable food delivery startup, told employees last month that they can take up a second job for pro-bono or economic considerations after securing an internal approval.

Bengaluru-headquartered fintech startup Slice last year offered new hires a three-day week with salary at 80% of the going market rate. The employment agreement allowed individuals to have a second job, the startup said.


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