The class of 2024 is staring at probably one of the toughest placement seasons as many IT/ITeS companies that typically recruit a big chunk of students have either stayed away so far or are deferring their plans, reported Economic Times.
The report also mentioned that students of government and private colleges in tier-2 and tier-3 cities might face the biggest brunt. Placement officials from Karnataka, Kerala, Tamil Nadu and Rajasthan told Economic Times that about 30-50% of the offers usually come from IT/ITeS companies.
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As per Economic Times, Tata Consultancy Services (TCS) and Cognizant have not yet visited the Government Engineering College, Thrissur this year. In 2023, the college had received close to 570 offers while the class of 2022 received over 770 offers.
The college's training and placement officer Subin Poulose also told Economic Times that the college is expecting the offers to drop further by 20% or more.
Meanwhile, IT recruiters are citing reasons like cancellation of projects/uncertain demand environment for hiring lower numbers to the placement officials. While the placement season at most colleges start by August which has been delayed this year, placement officials are still hopeful that the recruiters would visit the colleges towards the end of the placement season.