IT services giant Wipro has laid off 300 employees in recent months who turned out to be moonlighting for competitors, a senior executive said on Wednesday, weighing in on a practice that has gained momentum across the world as companies are incorporating work-from-home standards.
Rishad Premji, the president of Wipro, which employs more than 250,000 employees in more than five dozen countries, told a conference on Wednesday that the company views moonlighting for competitors as an “act of violation of integrity”.
“As part of transparency, individuals can have candid and open conversations about playing in a band or working on a project over the weekend. It’s an open conversation that the organization and the individual can make a concerted choice about whether it works for them or not,” he said.
But, “there is no place for someone to work for Wipro and its competitor XYZ and they would feel exactly the same if they found out about the same situation. That’s what I meant…so I stand by what I said… I think it’s a breach of integrity if you’re moonlighting in this shape and form.
A growing number of white-collar workers, ranging from the tech to the banking industries, have quietly taken on second jobs — in some cases, a third — as they hedge against concerns over layoffs or enjoy less responsibility while working from home.
Some startups embrace moonlighting as a perk. Swiggy, India’s most valuable food delivery startup, last month told employees they could take on second jobs for volunteer or economic considerations after gaining internal approval.
Last year, Bengaluru-based fintech start-up Slice offered new hires a three-day week on pay at 80% of the going market rate. The employment contract allowed individuals to have a second job, the startup said.