Know why Zomato’s Deepinder Goyal is lashing out at his alma mater IIT Delhi on Twitter
Advertisement
Advertisement
Twitter just got spiced up. One of the top start-ups “The placement officer told us our salary package was too low to be given the day-one slot," said Goyal, chief executive of online restaurant guide Zomato in the report. The company offered about Rs 16 lakh in annual compensation along with Employee Stock Options (ESOPs) worth Rs 10 lakh.
However, the placement cell of the college did not seem to like the idea. The placement cell felt that the annual compensation offered by Zomato did not match up to the salaries offered by other companies.
Goyal tweeted, “Campus placements in India are broken. Placement cells optimise only for money. Growth, esops, quality of work is secondary.”
Interestingly, the company is competing with the likes of tech giants such as Google, Amazon, Adobe and Microsoft for recruitment of the best talents from country’s premier institutes. “Any company which has to compete for a slot has to match the cash salary offer. Zomato did not match the salary offer,” said A Madan, the college’s campus placement officer. This was quickly rebutted by Goyal on Twitter when he said, “Exactly our point. They don't understand ESOPs.”
Advertisement
(Image credit: Indiatimes)
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- Maruti Suzuki Q4 net profit rises 47.8% to ₹3,877.8 crore
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market