Due to economic uncertainty, many companies had delayed the onboarding of freshers. However, Capgemini did issue a Letter of intent to candidates.
A multinational information technology services and consulting company, Capgemini informed campus recruits in 2022 that they will be onboarded sometime in 2023.
Earlier, Capgemini also released a statement saying, “We understand your grievance. Rest assured, we will be honoring all the issued Letters of Intent.”
“Our onboarding process is aligned with client requirements & staggered over time to factor in project schedules while providing the right training to new joiners”, the statement added.
What is the purpose of a letter of intent?
A letter of intent is an expression of interest to an employer for being considered for any opening they may offer.
“It (the letter to candidates who passed all requirements) states that the LoI should not be considered as a letter of offer,” the university relations and talent hiring team said.
According to recent reports, Capgemini said, “Our onboarding process is aligned with client requirements and staggered over a period of time to factor in project schedules, while also providing new joinees access to the right training.”
“Our hiring and training teams constantly engage with the selected candidates during this time to ensure they refresh foundational skills and are equipped to cope with training once onboarded,” Capgemini added.
The TOI report has also suggested that candidates be patient. The company said onboarding will be based on the availability of positions.
Capgemini’s net addition for the September quarter was 6,300 employees, down from 11,400 the previous quarter. Capgemini’s total headcount was 3,58,400 as of September 2022, up 16% year-on-year, with a 19% increase in employees in offshore centers to 210,600, 59% of the total headcount.
Additionally, The economic uncertainty has caused hiring slow down and there have been major layoffs at the tech companies as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or laid off many employees.
