In a shocking turn of events that highlights the volatility of the tech startup world, a local professional was left jobless this week after an Australian cryptocurrency startup rescinded his employment contract on his very first day. After navigating multiple interview rounds and serving a standard 30-day notice period at his previous firm, the employee was met with a last-minute phone call claiming the role had been filled by another candidate. The sudden reversal has left the recruit in a state of professional limbo, raising serious questions about the legal protections and ethical responsibilities of foreign startups operating in local markets.
Here is the story:
New employer cancels contract on first day
Well one of my ex-colleague who I’m in contact with, he had resigned from the company & was supposed to join a new company this wk.
It’s a new crypto startup from Australia & has a small office here. He went for several rounds of interview & they offered him attractive benefits plus salary & hence he decided to make a move to the company.
Contract signed & everything. He served his 30 day notice & left without any issues. Was supposed to join this wk.
But on the day he’s supposed to start his first day, the company calls him & tells him that they found someone else last min for the role & they apologize for not informing earlier. No further contact from that company
The dude is now at a loss on what to do & he called me up to tell me he’s in deep shit, he doesn’t know what to do. Is there any solutions for him? Like what can he do?
Netizens’ comments
- No compensation or what so ever? This sounds more like rescinding their offer instead.
- Name and Shame on glassdoor.
- What does his signed contract say?
Usually, if the employer terminates, they either have to give 1 month notice or pay salary-in-lieu. If his contract says this and the company is not complying with this, he can escalate the dispute to MOM since the company is being unresponsive.