Sprinklr revoked 150+ offers accross IITs, NITs, BITs and other tier 1 colleges.
Freshers impacted in software/product and data science profiles. Day 1 company in all colleges. Placement season is almost over everywhere and now these students are without a job just days before their joining date. No severance too unlike layoffs. Used to pay a lot though, 30 lakhs base salary for SDEs and 15 for product analysts after taking gruelling overnight interviews. Heard internally there struggling a lot which is reflected in their stock price which is halved from 2021 despite a bull run in US tech companies in the same period. Note to anyone thinking of getting into sprinkr(obviously in future cause they showing middle finger now): join only if you want to work like a donkey in exchange of lots of money.
Calm down. A person who cracked a 30 lpa offer will do well in life regardless of whether Sprinklr is a heartless corp or not. Fuck them.
Eventually they will. Let's not dismiss the shock one gets when this happens right before your first job.
We could be a bit more empathetic towards them
I am trying to emphatic sir, all I am saying is fuck that company. Corporate masters at the end of the day don’t have a heart. It’s best to move on to better things. Let that company and the management rot in their misery.
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I feel that the College placement cells should come up with a policy. If a company is a top tier company, like Day 0,1,2,etc. And they desire top talent, then they shouldn't just get away with revoking offers. Either they should pay the students the normal notice period pay or get blacklisted. I understand that companies do pay a commission to the college for every student they recruit but in all this hassle, students are the ones that are most affected. The earlier you come to recruit talent, the heavier you should pay when revoking the offers.
DirtyThesis0
Student
4 months ago
Sadly it won't happen in India, if any 1 college does that, they can hire from other toer 1 colleges. Indian market is oversaturated when it comes to entry level jobs.
DirtyThesis0
Student
4 months ago
Lot of respect for that company, I am hearing thia first time that company paid 3 month severence.
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Everyone’s stock price is halved if u compare with 2021. Market is pretty bad so this is just another proof of it. Tier 1 clg folks will still be picked up by good companies. Can’t image Tier 2/3 folks situation. Unless there are more jobs paying sensible compensation for freshers <15L. Anyway, what the company did is bad but it’s not surprising tbh
Yes, imagine if it's 2x harder for tier 1 folks, then its likely 10x harder for tier 3
WeepyPast83
Stealth
4 months ago
See MAFANG stocks, they are well above their 2021 highs.
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MadLadBP
Stealth
4 months ago
Welcome to real world, shit happens but you gotta move forward
Same with Devtron. Removed interns selected for intern + FTE. Denied PPO to some interns and shamelessly asked to extend it 2 months. When they refused, they said you aren't loyal to the company?? 😂🤡
Bhai tum PPO nahi doge upar se extend karoge and now you are saying no you aren't loyal?? Wow
Top Management has exited to run their own startup. They've raised a lot too. Have heard that they're going to slash salaries from next batches
Kumar321
Student
4 months ago
Veritas technologies llc also did the same
Revoked all offers of 2024
Day1 company in all Colleges? I hadn’t even heard this name! Why do Tier1 Colleges allow such companies on Day1? Same thing had happened with Byju I think (or was it some other EdTech firm?)
UnluckyRim
Student
4 months ago
40 base inhand dega toh kon day 1 nhi bulayega thoda dimag lga. Also this company hired regulary from at least my college so it makes sense to give them the desired slot
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igotyou
Student
4 months ago
40 sprinklr offers revoked from my college
igotyou
Student
4 months ago
DTU
DirtyThesis0
Student
4 months ago
Not just tier 1, they have revoked from all colleges.
WeepyPast83
Stealth
4 months ago
afaik they only visit tier 1 colleges
DirtyThesis0
Student
4 months ago
I have a friend in tier 2(one nit) and i have heard they revoked offer from there also. So may be they have hired from other tier 2 colleges as well. And yes your statement is correct, they visit tier 1 colleges only, but this year they have visited more colleges i think.
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Can’t imagine situation of tier 3 college folks, they need to work so hard and try to get a lot of referrals to land a job
They have to be so perfect that they can crack DSA/tech rounds
Have they revoked the offers for Product Engineering role or Product Analyst role or both?
TrulyRandom
Student
4 months ago
Sadly this is the reality of all tier 1 colleges . The company that came and hired 20/30 is hiring 2-3 . The season is over got an internship and now they say no PPO . Sad reality for a lot of my peers
Sprinklr is a US firm that provides customer experience management platforms to different brands. Recently, Sprinklr layoffs resulted in 3% of their workforce. Around 116 people have been laid off from the company which is a lot more than last year in February. These job cuts have been subjected to candidates from tier 1 colleges. However, Sprinklr announced that these job cuts did not affect the C-level roles. The layoff decision for the company was not easy but to run the operations smoothly and since the stock price is halved, this seems to be a reasonable approach. Overall, the job market is quite intense due to the rapid drop in stock prices. All we can do is hang in there and hope everything becomes better.
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