Indian Institutes of Technology (IITs) in Delhi, Bombay, Kanpur, Madras, Kharagpur, Roorkee, Guwahati, and Varanasi are facing a tough placement season due to the IT sector slowdown. Usually insulated from negative hiring trends, these premier tech institutes are now experiencing one of the toughest placement seasons ever. Several IT majors, including Amazon and Infosys, have announced a retreat from campus hiring. With funding winter continuing, startups are also going slow on hiring. However, the relief comes in the form of pre-placement offers (PPOs) from high-frequency trading firms.
Placement season starts at IITs: 4 biggest hiring trends and what they mean for jobs season at IITs
December 02, 2023
0
Indian Institutes of Technology (IITs) in Delhi, Bombay, Kanpur, Madras, Kharagpur, Roorkee, Guwahati, and Varanasi are facing a tough placement season due to the IT sector slowdown. Usually insulated from negative hiring trends, these premier tech institutes are now experiencing one of the toughest placement seasons ever. Several IT majors, including Amazon and Infosys, have announced a retreat from campus hiring. With funding winter continuing, startups are also going slow on hiring. However, the relief comes in the form of pre-placement offers (PPOs) from high-frequency trading firms.