With the rising automation and digitalization, the integration of Generative Artificial Intelligence (AI) in the tech industries is inevitable. Over the past few years, this has resulted in a hiring freeze and growing layoffs in the tech companies. Left with not much option the fresh engineering graduates are left with no alternative but to accept whatever offer they get without complaining.
Companies like Cognizant are apparently hiring freshers by offering peanuts. The 30-year-old Indian IT giant is making headlines for the package they are offering in their current off-campus fresher’s recruitment drive.
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According to reports, Cognizant is offering Rs 2.5 LPA to the freshman techies
Cognizant was established in Chennai in 1994. It is a multinational technology company that provides IT services. Their services include technology, consulting, digital, and operations services. It is one of the largest IT services firms in the world and a member of the Fortune 500. Headquartered in Teaneck, New Jersey, USA, Cognizant has been experiencing stable growth as of 2024. The IT company’s competitors are Infosys, TCS, and Wipro.
The company presently has a global presence with over 3.4 lakh employees.
https://t.co/QEkf62e7Ht pic.twitter.com/krwSlW9FXZ
— Advaid അദ്വൈത് (@Advaidism) August 13, 2024
The news of their latest off-campus placement offering Rs 2.5 LPA is garnering hilarious reactions from the netizens
According to reports, the company had offered the exact package to freshers in 2002. Netizens online have gone berserk and are reacting with hilarious memes and comments to the latest Cognizant’s recruitment drive. Some are commenting that their housemaid earns more than the package they are offering. One suggested that people earn more than that by providing tuition.
🚨 Cognizant has announced an exciting off-campus mass hiring drive, welcoming applications from candidates belonging to the 2024 batch.
Application deadline – August 14.
Package – INR 2.52 LPA pic.twitter.com/Btuwf2GoEw— Indian Tech & Infra (@IndianTechGuide) August 13, 2024
Here’s how the internet is reacting to Cognizant’s recruitment drive
2.52 LPA offered by Cognizant. That’s around 20k per month salary.
Just for the reference, A maid who works for 30min in a house, works in 8-10 such houses get more salary than an Engineer. https://t.co/hzgZKIWjrU
— EngiNerd. (@mainbhiengineer) August 13, 2024
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People earn more than this giving tuition to high school kids in their hometown
— Harsh Choudhary (@harshtwiits) August 13, 2024
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2.5 LPA? No wonder GenAlpha want to make reels and aspire to be a successful YouTuber.
— The Poll Lady (@ThePollLady) August 13, 2024
Street fast food vendors earn way more🤦
— Ankita (@AnkitaSharma_26) August 13, 2024
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Cognizant guys while discussing salary with the new joiners. pic.twitter.com/zOPn5gBZOw
— 👑Che_ಕೃಷ್ಣ🇮🇳💛❤️ (@ChekrishnaCk) August 13, 2024
To put this in context. Cognizant offered the same package to freshers in 2002. https://t.co/48FXKBXKVK
— Srinivas R (@srini_r_twit) August 13, 2024
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Freshers be like kya karunga mai itna dhanrashi ka
Work load like 2050
Salary like stone age pic.twitter.com/PLDsYmlz8J— Arka Bhattacharjee (@niveyshak) August 13, 2024
That’s why people play dream 11
— Out of Context India (@OutcontextIndi) August 13, 2024
Cognizant is offering Rs. 2.52 LPA for engineers!
Meanwhile, a helper job at a momo shop earns Rs. 3LPA! pic.twitter.com/P9iX6BI6A2
— Amit Misra (@amit6060) August 13, 2024
This package was offered to 2002 batches.
No House, No free commutation, No Free Food.
All this to be managed in just 18 to 19K rupees after PF deduction in metro Cities.
— Manu🇮🇳🇮🇳 (@mshahi0024) August 13, 2024
Wow, 2 lakhs per year? My driver makes way more than that, working just 4 days a week. Lol.
— 47Sha (@47Sha_) August 13, 2024
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With this salary, they can’t even pay their house rent.
And, Murthy sir says work for 70 hours per week 🙂
— Manas Muduli🇮🇳 (@manas_muduli) August 13, 2024
Tech companies hiring is a good sign, while taking the recent layoffs into context.
But 2.52 LPA is seriously concerning.
10 years ago, the average package was around 3 LPA. Instead of the emoluments growing, we have lower payouts now.
Not sure if it’s due to higher competition…— Vishnu Pradeep (@vishpradp) August 13, 2024
Salary: 20k/month
Location: Pune, Bangalore, NCRBasic Expenses:
– Rent: 10k
– Food: 12k (400 per day)
– Transportation: 3k-5kFor basic living it costs: 22k-25k
This is too low for skilled labour!
— Aaraynsh (@aaraynsh) August 13, 2024
The average package 2.52LPA seems to very low. Adjusting to inflation starting package should be 3x or 4x by now
— SaveInvest_ETF (@SaveInvest_ETF) August 13, 2024
Too high it should have been 0.52 LPA
— Amazing Credit Cards (@AmazingCreditC) August 13, 2024
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If that package is going to be the one then let’s calculate the expense in Bangalore.
Say four people are renting a 2bhk house on shared basis.
Per head it would be 5k.Then food expenses daily will be around 250 rupees with tight diet. ₹7500 net.
If he/she travels to native…
— Plastic Heartan(நெகிழி நெஞ்சன்) (@sathish_kural) August 13, 2024
What are your opinions on this matter? Let us know in the comments.
