Wipro CEO on Moonlighting Debate: ‘
Side jobs are fine but…
Weeks after Wipro fired 300 of its employees for moonlighting, the company's CEO Thierry Delaporte on Wednesday said that
He said that while little side jobs were fine, working for a competitor is a "
question of ethics
With record-high attrition rates adding to the woes of the Indian IT industry as companies face cost overloads and margin pressures.
Wipro reported a marginal dip in attrition rate and said it will pay out 100% variable pay to 85% of the staff.
Last month, Wipro Chairman Rishad Premji revealed that some
employees were fired as the IT services company has no place for any employee who work directly with rivals.
On Wednesday, at the second-quarter earnings press conference, Delaporte said Wipro contracts stipulate not taking up a side job with a competitor.
It is "perfectly fine with someone having a little side job here and there.
It is different if you are working for a company that is in our environment (business) for example," he said, adding that working for rivals is also a conflict of interest.
So it (moonlighting) is not a question of legal, it is a question of ethics. We don't believe that it is right to have two jobs having a conflict of interest," he said.