Globant, the Argentine unicorn led by Martín Migoya, was harassed because so far this year it has not specified salary increases. In addition, its former and current employees are lapidary with the firm.
What was an open secret in the IT sector ended up exploding in recent weeks. The employees of Globant, the Argentine unicorn valued at more than US$6.8 billion, led by businessman Martín Migoya, are going through a complex scenario, since so far this year they have not received any update on their salaries.. To make matters worse, the company would have prevented any type of union organization and that is why many workers have left the company in recent months.
The problem escalated to such a point that, weeks ago, the Computer Trade Association (ACG) sent a document letter to Martín Migoya in which it requested an urgent request for salary adjustment and opening of dialogue. At the moment they have not received a response.
“In light of the inflationary variation registered during the year 2024, and considering that no salary adjustments have been implemented to compensate for this situation, we immediately demand a salary recomposition in accordance with the evolution of the inflation index. lThe salaries of Globant employees have lost considerable purchasing power, generating a situation of inequality that must be corrected without further delay.” expresses the document.
Besides, Full freedom of association is requested, complying with current regulations and laws, without employees suffering any type of retaliation or restriction by the company.. The thing is that, according to some employees, the company had intervened in the organization attempts by its workforce.
More specifically, lAGC reported that the company fired one of its employees, whom it blamed for creating a WhatsApp group designed to share information about the problems within the company regarding labor rights and salaries.
As explained by the computer industry “Globant presents a disorganized salary scheme. Created specifically to produce fatigue and turnover in their employees, in this way they ensure that they have among their ranks a majority of “fresh” employees with little seniority and with a lot to exploit.. They start out dazzled by working in an international company, in a relaxed environment full of comforts, generating a high but fleeting loyalty. After years, the planned salary delay destroys dreams of a career, stability and future.”
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Inflation in dollars
According to its employees, Globant pays the 70% of the salary in dollars and the remaining 30% in pesos. The underlying issue is that the proportion to be paid in foreign currency results from a calculation that averages the official value of the dollar in the last 3 months and the big problem is that For months now, the value of the dollar in Argentina has been flattened and inflation in local currency is getting worse day after day..
Negative reviews
Globant, founded in 2003 by Martín Migoya, Guibert Englebienne, Martín Umaran and Néstor Nocetti, originated as a software firm with the purpose of innovating and globalizing Latin American talent in technology and precisely the recruitment of new talents in the country is currently not his greatest strength.
According to the employment platform Glassdor, Globant ratings by former and current employees are increasingly negative and that also impacts the company’s ability to attract talent in a sector that is so competitive with technology.
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Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
