A university graduate was left desperate after a $150,000 job offer was withdrawn before he had even logged his first day.
harry* said news.com.au He received the call last week where Australian trading firm Tibra Capital rescinded the offer.
The call came as a further blow, as he had backed out of other promising recruiting opportunities when the job opening appeared earlier this year.
“I still had other job interview processes going on,” Harry said.
‘Some of them were extremely promising, I had to withdraw because of this.
“The timing is terrible, it’s Christmas and no one is hiring.”
The call from Tibra’s Human Resources department informing him that the job offer had been rescinded turned his world upside down.
The graduate was told that Tibra Capital “had to restructure for the long term” as an explanation for the change of heart.
One graduate saw his $150,000 job offer evaporate just weeks before starting work (file image pictured)
Tibra reportedly told a dozen graduates that they were going to start next year, but now they are all out of work.
Some were international residents who also lost their visa to work in Australia.
Although they never started work, Tibra agreed to pay a four-week notice period.
It is understood that the company has also withdrawn job offers for interns and some senior positions.
Tibra Capital was founded in 2007 by seven young founders who made huge sums of money.
The company, which trades derivatives, currencies, commodities and securities, has offices in Sydney, Wollongong and London, where it spends around $31 million on staff.
In recent times, the company has struggled to replicate its initial success that saw it post a huge net profit of $79 million in 2016.
During the last financial year it made a loss of $9 million, which was an improvement on the $42 million loss it suffered the previous year.
*Name changed