Global tech slump may hit campus placements at IITs

The impact on IITs is expected to be less severe than in other engineering colleges as the companies will continue to recruit good talent.  

The global slowdown in tech may affect the placements of students at Indian Institutes of Technology (IITs). But the impact will be lesser as compared to other engineering colleges in India, The Economic Times reported. 

IITs are expecting a dip in the number of companies approaching them for campus placements. However, the 2021 batch saw record placements. It was led by digitisation and the post-Covid revival in hiring. It saw an unprecedented number of INR 1 crore-plus packages, international postings and other offers. 

“We are a little concerned, though the overall situation is definitely better than the Covid year. There is a small dip in the number of companies who have come so far,” Sathyan Subbiah, a professor and placements adviser at IIT Madras, the report said. 

The final placements in the old IITs will start on December 1. However, the impact on IITs is likely to be less severe than in other engineering colleges as the companies will continue to hire good talent and “maintain a relationship with these premier tech colleges”. 

“Some affected companies have not confirmed (participation) yet, but they are inclined to participate,” Abhishek Kumar, head of the Centre for Career Development at IIT Guwahati said. 

Spurt in PPOs despite layoffs 

This year, despite mass layoffs, several IITs have seen a spurt in pre-placement offers (PPOs). Students of IIT Guwahati bagged 218 PPOs. In 2021-22, the institute received 179 offers in all. According to reports, the number of non-IT recruiters has also gone up. 

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