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Amazon, Google & Microsoft Paying Rs 1 Lakh Stipend To Interns Despite Layoffs Continuing

On one hand, big tech giants such as Amazon, Google, Microsoft are already firing more employees after cost cutting related mass layoffs last year. On the other hand, they are paying lakhs of rupees as stipend to interns.

Fat packages for tech interns; Google buying land for data centre

At IIT Mandi, 27 students have received stipends of Rs 1 lakh or more this year. In Bengaluru, RV College of Engineering has seen 39 students getting over Rs 1 lakh in monthly stipends compared to 8 last year. Around 30 students at Vellore Institute of Technology have also bagged Rs 1-lakh stipends, with companies like Couchbase and Amazon offering Rs 1.2 lakh and Rs 1.1 lakh, respectively.

Biggies like Google, Amazon & Microsoft paying undergrads Rs 1 lakh stipends for internships

At IIT Mandi, 27 students have received Rs 1-lakh-or-more stipends this year. In Bengaluru, RV College of Engineering has seen 39 students earning over Rs 1 lakh in monthly stipends compared to 8 last year. Vellore Institute of Technology also reports approximately 30 students with Rs 1-lakh stipends, with companies like Couchbase and Amazon offering Rs 1.2 lakh and Rs 1.1 lakh, respectively. The internship window is yet to close this year for the final count.

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