A university graduate was left in despair after a $150,000 job offer was pulled before he even clocked on for his first day.
Harry* told news.com.au he received the call last week where Australian trading firm Tibra Capital rescinded the offer.
The call was an added blow as he had withdrawn from other promising recruitment opportunities when the job offer came up earlier this year.
‘I had other job interview processes still going,’ Harry said.
‘Some of them were extremely promising, I had to pull out of them because of this.
‘The timing is terrible, it’s Christmas, no-one is hiring.’
The call from Tibra’s HR department informing him that the job offer had been rescinded completely turned his world upside down.
The graduate was told Tibra Capital ‘had to restructure for the long term’ as an explanation for the change of heart.
A graduate has seen his $150,000 job offer evaporate just weeks before starting work (stock image pictured)
Tibra reportedly told a dozen graduates they were to start next year, but all now have been left jobless.
Some were international residents who have also lost their visa to work in Australia.
Although they never began work, Tibra has agreed to pay out a four-week notice period.
It’s understood the firm has also pulled job offers to interns and some senior roles.
Tibra Capital was established in 2007 by seven young founders who went on to make huge sums.
The firm, which trades derivatives, foreign currencies, commodities and securities has offices in Sydney, Wollongong and London where it spends around $31million on staff.
In recent times the firm has struggled to replicate its early success that saw it pull in a whopping $79million net profit in 2016.
For the last financial year it made a $9 million loss, which was an improvement on the $42 million loss it suffered the posted the year before that.
*Name changed
