exactly.
Company B - even before starting work pull a fast one on you, do you think the relationship can survive for long?

I once was also played by a big company
offer letter given to me, signed and returned
resigned in company X
Y retracted the offer letter before my joining date
very lucky X company was still trying hard to retain me with counter offers.

this taught me the lesson - big companies also cannot be trusted. they can preach so much about integrity, but action speaks louder than words.

good luck to you.

Wadefak ? Co Y can retract offer letter one ?  What was ur reaction ? If I were u, I will call them up and maki hamun them, then go to their office, flip table.

That is just too much !!!!

It happened during the MCO period, was that why they retracted ?

not MCO period.
unprofessional people can exploit you easily, need to be extra cautious.

last time I use to think only small company does this, then I realized big company also can do this type of shit.

Latest update: I have escalated this to my new manager in Company B and showing all the screenshot that company B HR asked for the buyout amount during background check.
Finally my new manager able to fight for me which the buyout has been approved.      (Happy ending        )

Maybe I would like to put this thread on so other LYN members are aware the so called buyout exercise.
Hi Folks, im facing some issue would like to ask some advice.

I have tendered resignation with Company A and will serve 3 months notice period to join Company B.
Company B asked what's the 1 month buyout amount if they want to proceed.
Given the amount to company B and company B ask me to request the buyout letter from Company A so the HR can submit for approval
(Remark: when i request this buyout letter, i did mention it's subject for my new company approval)

days later...
Company B came back and said buyout not approved
I reverted this back to Company A and telling them i would like to serve full 3 months notice, Company A HR said cannot anymore because they have agreed the 1 month buyout and release official buyout letter.
Then I share the same thing back to Company B

Now no company want to absorb this 1 month buyout and I need to bear this myself 
This is very unfair to me and i think Company B is not doing it correctly.
The HR should asked me to request a buyout PROPOSAL instead of buyout letter and Proposal is subject for approval but a letter is official and confirm.
Somemore if they requested buyout letter means they intend to proceed with internal approval budget. Not telling they want to know amount and submit for approval.


I think Company A is not the faulter here as they entertain to all my request (from company B).
Hence, please advise